section 2 Flashcards

1
Q

Motivation

A

the reason why employees want to work hard and effectively for the business

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2
Q

Wage

A

payment for work, usually paid weekly, can be in cash or in bank account

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3
Q

Salary

A

payment for work, usually paid monthly, into bank account

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4
Q

Commission

A

payment relating to number of sales made

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5
Q

Profit sharing

A

proportion of company’s profits are paid to employees

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6
Q

Fringe benefits

A

non-financial rewards given to employees

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7
Q

Job satisfaction

A

enjoyment derived from feeling that you have done a good job

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8
Q

Job rotation

A

involves workers swapping round and doing a specific task for a specific time the changing again

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9
Q

Job enlargement

A

extra tasks of similar level of work are added to worker’s job description

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10
Q

Job enrichment

A

looking at jobs and adding more tasks that require more skill and/or responsibility

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11
Q

Span of control

A

number of subordinates working directly under a manager

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12
Q

Autocratic leadership

A

where the manager expexts to be in charge of the business and to have their orders followed

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13
Q

Democratic leadership

A

gets other employees invovled in decision making

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14
Q

Laissez-faire leadership

A

makes broad objectives known to workers, they are left to make their own decisions and organise their work

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15
Q

Trade union

A

group of workers who have joined together to ensure their interests are protected

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16
Q

Recruitment

A

the process from identifying that the business needs to employ someone up to the point at which applications have arrived at business

17
Q

Job analysis

A

identifies and records the responsibilities and tasks relating to a job

18
Q

Job description

A

outlines the responsibilities and duties to be done by employee to do a specific job

19
Q

Job specification

A

outlines requirements, qualifications, expertise, etc. for a specified job

20
Q

Internal recruitment

A

vacancy is filled by someone who is an existing employee of the business

21
Q

External recruitment

A

vacancy filled by someone who is not an existing employee and new

22
Q

Induction training

A

introduction given to new employee explaining firm’s activities, customs and procedures and introduce to other workers

23
Q

On-the-job training

A

person is trained by watching more experienced worker doing the job

24
Q

Off-the-job training

A

person being trained away from workplace, by specialist trainers

25
Q

Redundancy

A

employee is no longer needed, so loses his job; not because of unsatisfactory work