Unit 2 HR Flashcards
Define Motivation
The reason why employees want to work hard and work effectively for the business
Define wage
Payment for work, usually paid weekly
Define a salary
Payment for work usually paid monthly
What is commission?
Payment relating to number of sales made
What is profit sharing?
A system whereby a proportion of the comany’s profits is paid out to employees
What is a bonus?
An additional amount of payment above basic pay as a rewark for good work
What is performance related pay?
Pay what is related to the effectiveness of the employee where their output can easily be measured
What is share owenership?
Where shares in the company are given to employees so that they become part owner in the company
What is an appraisal?
A method of assessing the effectiveness of an employee
What are Fringe benefits?
Non-financial rewards given to employees
What is Job satisfaction
The enjoyment derived from feeling that you have done a good job
What is Job rotation?
Involves workers swapping round and doing each specific task for only a limited time and then changing round again
What is Job enlargement?
Where extra tasks of a similar level of work are added to a worker’s job description
What is Job enrichment?
Involves looking at jobs and adding tasks that require more skill and/or responsibility
What is Organisational structure?
The levels of management and division of responsibilities within an organisation
What is Chain of command?
The structure in an organisation which allows instruction to be passed down from senior management to lower levels of management
What is The span of control?
The number of subordinates working directily under a manager
What are Line managers?
They have direct responsibility over people below them in the hierarchy of an organisation
What are staff managers?
Specialists who provide support, information and assistance to line managers