Section 2 -- People in business Flashcards
motivating workers, organisation and management, recruitment, selection and training of workers, internal and external communication
define ‘motivation’
reason why employees want to work hard and work effectively for the business
describe F.W. Taylor motivation method
all individuals are motivated through personal gain and therefore, if they are paid more, they will work more effectively
However, not all employees are, and you cannot easily measure an employee’s output
describe Maslow’s motivation method
hierarchy of needs
1. physiological needs –> money to meet weekly needs
2. safety/security needs –> job security
3. Social needs –>work colleagues that support you at work
4. Esteem needs –> being given recognition for a job well done
5. self-actualisation –> being promoted and given more responsibility
describe Herzberg’s motivational method
make only motivate if ‘hygiene’ factors are met
hygiene factors;
- status
- security
- work conditions
- policies and administration
- relationships
- salary
motivators;
- achievement
- recognition
- personal growth
- promotion
- work itself
define ‘wage’
payment for work, usually weekly
define ‘salary’
payment for work. paid monthly
define ‘commission’
payment relating to the number of sales made
define ‘profit sharing’
system whereby a proportion of the company’s profits is paid out to employees
define ‘bonus’
additional amount of payment above basic pay as a reward for good work
define ‘performance-related pay’
pay which is related to the effectiveness of the employee where their output can easily be measured
define ‘share ownership’
shares in the company are given to employees so that they become part owners in the company
define ‘appraisal’
method of assessing the effectiveness of an employee
define ‘fringe benefits’
non-financial rewards given to employees
define ‘job satisfaction’
enjoyment derived from feeling that you have done a good job
define ‘job rotation’
involves workers swapping round and doing each specific task for only a limited time and then changing round again
define ‘job enlargement’
where extra tasks of a similar level of work are added to a worker’s job description
define ‘job enrichment’
looking at obs and adding tasks that require more skill and/or responsability
define ‘organisational structure’
levels of management and division of responsibilities within an organisation
define ‘chain of command’
structure in an organisation which allows instructions to be passed down from senior management to lower levels of management
define ‘span of control’
number of subordinated working directly under a manager
define ‘line managers’
direct responsibility over people below them in the hierarchy of an organisation
define ‘staff managers’
specialists who provide support, information and assistance to line managers
define ‘delegation’
giving a subordinate the authority to perform particular tasks