People in Business Flashcards

1
Q

Motivation

A

The factors that influence the behavior of workers towards achieving business goals

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2
Q

What are some factors that motivation people?

A
Increased pay
Chance of promotion
Option to work from home
Option to work flexible hours
Increased variety of tasks
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3
Q

What are the benefits of having a motivated workforce

A
More competitive
Improved productivity
Low absence rate
Better quality goods and services
Low rate of labour turnover
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4
Q

Labour productivity

A

A measure of the efficiency of workers by calculating output per worker

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5
Q

Labour turnover

A

The rate at which workers leave a business

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6
Q

What is Maslow’s hierarchy

A

Maslow believed that humans have five levels of need

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7
Q

What are the five levels of human needs

A
Physical needs
Safety needs
Social needs
Esteem needs
Self-actualisation
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8
Q

Financial rewards

A

Cash and non cash rewards are paid to workers which are often used to motivate workers to increase their efforts

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9
Q

Non-financial rewards

A

Methods used to motivate workers that do not involve giving financial rewards

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10
Q

Hourly wage rate

A

Payment based on how many hours are worked

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11
Q

Salary

A

Fixed annual payments not based on output

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12
Q

Piece-rate

A

Payments to workers based on the number of units produced

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13
Q

Commission

A

Payment to sales staff based on the value of the items they sell

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14
Q

Bonus

A

Additional rewards paid to workers for achieving targets set by managers

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15
Q

Job rotation

A

Increasing variety in the workplace by allowing workers to switch from one task to another

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16
Q

Job enlargement

A

Increasing or widening tasks to increase variety for workers

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17
Q

Job enrichment

A

Organizing work so that the workers are encouraged to use their full abilities

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18
Q

Quality circles

A

Groups of workers who meet regularly to discuss work related issues. They suggest improvements which are presented to the managers and good ideas are introduced into the workplace.

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19
Q

Hierarchy

A

the number of levels in an organizational structure

20
Q

Chain of command

A

The route through which authority is passed down through an organization

21
Q

Delegation

A

Passing authority down through the organizational hierarchy to a subordinate

22
Q

Span of control

A

The number of subordinates reporting to each supervisor or manager

23
Q

Delayering

A

Removing levels from the hierarchy e.g middle management

24
Q

What is an advantage of delayering

A

It reduces the chain of command so communication and decision making should be quicker and more effective

25
What is a disadvantage of delayering
Increases the workload for managers
26
Centralized organization
One where all the important decision making power is held at corporate
27
Decentralized organization
One where the decision making powers are passed down the organization to lower levels
28
Adv of centralized organization
Decision making is often quicker
29
Dis of centralized organization
Unable to respond quickly to changes in local markets
30
Adv of decentralized organization
Decisions are made on local needs
31
Dis of decentralized organizations
Decisions taken might not be in the interests of the whole business
32
Autocratic leadership
A leadership style where the leader makes all the decisions
33
Democratic leadership
A leadership style where workers take part in decision making
34
Laissez-faire leadership
A leadership style where most of the decisions are left to the workers
35
Trade union
An organization of workers aimed at improving pay and working conditions and providing other services such as legal advice for members
36
Benefits of trade unions
Strength in numbers | Legal advice
37
Internal recruitment
Filling a vacancy with someone already employed in the business
38
External recruitment
Filling a vacant post with someone not already employed in the business
39
Induction training
Help new recruits become familiar with their workplace, the people they work with and the procedures they need to follow
40
On the job training
Training at the place of work. Watching or following an experienced worker
41
Off the job training
Training that takes place away from the workplace, for example at college, uni or specialist training places
42
Resignation
The worker no longer wants to be employed with the business
43
Retirement
The worker is too old to stay employed with the business
44
Redundancy
The worker is no longer needed by the business
45
Dismissal
The worker has broken a rule or has not been working to the expected standards so is no longer welcome as an employee at the business
46
Legal controls over employment issues
``` Contracts Discrimination Health and safety Minimum wage Unfair dismissal ```
47
Types of communication
Oral Written Electronic Visual