Workbook 4 Flashcards
Motivation
The reason for acting or behaving in a particular way
Financial Incentives
Motivating employees using a monetary reward for effort/work
Fringe Benefits
An extra benefit to an employees wage/salary e.g. company car, health insurance.
Piecework
Work paid for according to the amount produced.
Performance related pay
The amount of pay you get based on your performance
Bonus
A sum of money added to a person’s wages as a reward for good performance
Commission
An instruction or command given to a person or group
Profit Sharing
Having a share of the profit at the end of the financial share
Job enrichment
Adding tasks so giving more skills and responsibilities to an individual
Job rotation
Moving around the business doing different jobs. E.g supermarket. Moving around deli then checkouts and then bakery?
Job enlargment
More similar level tasks added to the job
Appraisals
Assessing how effective you are in your job
