motivation strategies (ch 4) Flashcards
1
Q
performance related pay
A
is a financial reward to employees when a target/goal has been met in their work
A:
- simple to set up
- rewards best performer without having to pay those underperforming
- increases productivity
DA:
- possible risks of health due to overworking themselves to reach the set goal
- can lead to decrease in quality in order to increase quanitity
- can lead to conflict
- short term focus
business example:
-$100 reward at Bunnings for employee who completed the most orders
2
Q
career advancement
A
when an employee is promoted to positions that include more responsibility or authority
A:
- a reward to employees for their past performance
- helps retain talented employees
- can increase employee’s contribution to the business
- long-term motivator
DA:
- can demotivate employees seeking promotion
