Motvation And Retention Flashcards
1
Q
What is retention of workers ?
A
When orders decide to stay within the business rather than move elsewhere
2
Q
What is the only called that you get for labour of workers ?
A
Turnover of labour
3
Q
What is profit sharing in a business ?
A
When employees receive some of the profits of the business
4
Q
What are fringe benefits ?
A
Fringe benefits are additional benefits that workers receive on top of their pay like vouchers or canteen meals
5
Q
Whats an award scheme ?
A
A scheme that is structured to award workers for hard work through recognition
6
Q
What are some non-financial ways of motivation for employees ?
A
Praise
Upgrade to Working environment
Award schemes
7
Q
What are some financial ways of motivation for employees ?
A
Raise
Profit sharing
Bonus
Fringe benefits
