Motivation Flashcards
What is motivation?
Motivation is about the ways a business can encourage staff to give their best. Motivated staff care about the success of the business and work better.
What does a motivated workforce result in?
A motivated workforce results in:
increased output caused by extra effort from workers
improved quality as staff take a greater pride in their work
a higher level of staff retention - workers are keen to stay with the firm and also reluctant to take unnecessary days off work
How can managers influence employee motivation?
monetary factors - some staff work harder if offered higher pay
non monetary factors - other staff respond to incentives that have nothing to do with pay, eg improved working conditions or the chance to win promotion
What are monetary methods of motivation?
Managers can motivate staff by paying a fair wage.
E.g. time rate, overtime, piece rate, commission, performance related pay, profit sharing, salary, fringe benefits
What are non monetary methods of motivation?
Motivation without the use of money.
E.g. job rotation, job enlargement, job enrichment, empowerment, putting groups of workers in a team
Whats a time rate?
time rate - staff are paid for the number of hours worked
Whats overtime?
overtime - staff are paid extra for working beyond normal hours
Whats a piece rate?
piece rate - staff are paid for the number of items produced
Whats a commission?
commission - staff are paid for the number of items they sell
What is performance related pay?
performance related pay - staff get a bonus for meeting a target set by their manager
What is profit sharing?
profit sharing - staff receive a part of any profits made by the business
Whats a salary?
salary - staff are paid monthly no matter how many hours they work
What are fringe benefits?
fringe benefits - are payments in kind, eg a company car or staff discounts
What is job rotation?
job rotation - staff are switched between different tasks to reduce monotony
What is job enlargement?
job enlargement - staff are given more tasks to do of similar difficulty