Unit 2: Key Words Flashcards
Define motivation
the reason why employees want to work hard and work effectively for the business
Define wage
a payment for work, usually paid weekly
Define time rate
the amount paid to an employee for one hour of work
Define piece rate
an amount paid for each unit of output
Define salary
payment for work, usually paid monthly
Define bonus
additional amount of payment above basic pay as a reward for good work
Define commission
payment relating to the number of sales made
Define profit sharing
a system whereby a proportion of the company’s profits is paid out to employees
Define job satisfaction
the enjoyment derived from feeling that you have done a good job
Define job rotation
workers swapping around and doing each specific task for only a limited time and then changing around again
Define job enrichment
looking at job and adding tasks that require more skill and responsibility
Define teamworking
using groups of workers and allocating specific tasks and responsibilities to them
Define training
the process of improving a workers skills
Define promotion
the advancement of an employee in an organisation. for example to a higher job/managerial level.
Define organisational structure
the levels of management and division of responsibilities within an organisation
Define organisational chart
refers to a diagram that outlines the internal management structure
Define hierarchy
the levels of management in any organisation from the highest to lowest
Define levels of hierarchy
refers to managers/supervisors/other employees who are given a similar level of responsibility in an organisation
Define chain of command
the structure in an organisation which allows instructions to be passed down from senior management to lower levels of management
Define span of control
the number of subordinates working directly under a manager
Define directors
senior managers who lead a particular department or division of a business
Define line manager
line managers have direct responsibility for people below them in the hierarchy of an organisation
Define supervisor
junior managers who have direct control over the employees below them in the organisational structure
Define staff managers
specialists who provide support, information and assistance to line managers