Untis 10: Human Needs And Rewards & 11: The workforce Flashcards
Describe the 5 stages of the Maslow’s hierarchy
Physiological needs - life essentials such as food, clothing and shelter.
Safety and security needs - in order to be in the safe environment, also to be able to pay medical fees and so on.
Love and social needs - to be able to give and receive love and friendship. Companionship and socialising with employees.
Esteem needs - to satisfy the desire of self respect and respect of others. To be recognised as an individual and have a status or a title in the society.
Self-actualisation needs - to develop skills and achieve full potential as individuals.
What is the Maslow’s hierarchy of needs? Name the 5 stages from bottom to the top.
Physiological needs Safety and security needs Love needs Esteem needs Self-actualisation needs
Name 7 payment systems
Flat rate Time rate Piece rate Bonus Commission Performance rate Profit share
Explain 7 payment rates and their key benefits
Flat rate - a set rate of pay (a certain amount for a certain period of time). Easy to calculate, cheap to run.
Time rate - the longer the person works, the more pay they get. (If they work overtime - they get paid more). Good way to encourage employees to work longer.
Piece rate- the more pieces the employee produces, the higher the pay. Acts as an incentive to employees to produce higher levels of output.
Bonus- rewards for high performance, targeted at higher formers.
Commission - a payment made as a percentage of the sales a salesperson makes.
Performance rate- encouraging high performance.
Profit sharing - the workers get payed a share of the profit. Enables them to see the direct link between their efforts and company profits.
Name examples of fringe benefits for each Maslow’s hierarchy stage
Physiological needs - provident shelter. Subsidised canteen meals.
Safety and security needs - insurance and health care benefits.
Love needs - sports club or social activities that provides the environment for socialising
Esteem needs- company cars, laptop computers and other status items.
Self-actualisation needs - the company pays for employees to go training and development courses to master their line of work
The importance of motivation to a business
Motivated employees work harder.
They feel proud to work for their employer.
When they come in contact with the customers, they are mire likely to be more positive and present the company in a better way.
Name 4 factors that influence motivation. Explain
Job satisfaction: by improving the environment they work in, encouragements from work tasks, suitable rewards, feelings of being treated fairly, good relationship with colleagues.
Job rotation: moving the employees around a range of works.
Job enrichment: adding more tasks of the same difficulty to the job
Job enlargement: making the tasks more difficult on the job
Name the main 3 management styles and explain
Autocratic: the manager makes all the decisions with no contribution of the employees. It is tightly controlled, the manager provides clear instructions.
Democratic: the decisions are made after considering everyone’s ideas (consultation)
Laissez-faire: loose management style. The manager gives vague guidelines and objectives, but then leave the staff to carry out the tasks themselves.
Advantages and disadvantages of the 3 management styles:
Autocratic:
-ad: rapid decision making. Good for armed force, fire and other emergency services.
-dis: can lead to dissatisfaction. Motivation can drop.
Democratic:
-ad: make use of many ideas. Involves consultation about decision making.
-dis: can be slow in making decisions. May lead to disagreement and arguments.
Laissez-faire:
-ad: employees have freedom to manage their own work within given guidelines.
-dis: lack of clarity lead to low motivation and disagreement.
What are the two types of recruitment?
Internal and External
Explain the difference between the two types of recruitment
Internal means employing someone already working for the organisation (promotion).
External means appointing someone from outside the organisation.
Advantages of internal recruitment
There is less risk because the employer already knows the person and their capabilities.
The cost of advertising is saved, so the process is cheaper.
The opportunity for promotion within the organisation encourages people to work hard.
Induction costs are saved.
Advantages of external recruitment
New ideas are brought into the organisation from outside.
Advertising externally may reach more widely into the business community.
Internal jealousies are avoided from promotion.
What is the job description?
A clear description of what the job entails
What is the person specification?
Sets out the skills, characteristics and attributes needed for a particular job.