Motivation

Question 1

What are non financial methods of motivation?

Answer 1

Employers can promote their employees to give them more responsibility. Furthermore, praise such as verbal praise or awards like Employee of the Month can boost morale of the workforce.

Question 2

What are financial methods of motivation?

Answer 2

Employers can give their workers pay rises or performance based bonuses to spur them on to work harder. Piece rates can also be used to boost output, where employees get money for each product they make

Question 3

What things can reduce motivation?

Answer 3

Many things can reduce motivation. For example, if workers do not feel entitlement and worth their output can drop. Also, poor working conditions and a toxic working environment can reduce motivation

Question 4

What are the advantages and disadvantages of using financial motivation?

Answer 4

As most workers are “money motivated”, the chance of an increase in earnings can inspire them to work harder. However, paying employees more obviously leads to higher costs for the business and smaller businesses such as sole traders may not be able to afford this

Question 5

What are the advantages to non financial motivators?

Answer 5

A worker taking on more responsibility not only boosts their motivation, but they can also get more done in their role. Also, it doesn’t add extra cost to the business. On the other hand, some employees may not be able to cope with the extra responsibility, leading to a reduce in output