Monatary forms of Motivation
- Created by: Hayley Barker
- Created on: 27-05-13 13:11
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- People in Organisations
- Personal performance indicators
- ABSENTEEISM = the number of staff absent as a percentage of the total number employed
- LABOUR TURNOVER = The number of staff who leave each year as a percentage of the total number of staff employed
- PRODUCTIVITY OF LABOUR = Total level of output in a givemn period divided by the total number of staff employed
- Job Enrichement
- When a job is redesigned to include more challenging and complex tasks - herzberg supported
- Upping the range and complexity of tasks
- Giving employees more responsibility to manage themselves
- Allowing workers to identify and solve problems
- Making sure they are trained to cope with tasks
- Jon Enlargement
- Does not raise complexity but asks employees to carry out more related tasks
- company has employees doing more work
- JOB ROTATION: employees switch between jobs to keep it interesting
- EMPOWERMENT: Workers are more involved in decision making giving responsibility
- Cell Production
- workers divided into teams
- Workers given autonomy and responsibility
- Team responsible for the quality of their work
- Jobs can be rotated within their team
- Each team responsible for a set number of tasks in the production process (enrichement)
- Monetary forms of Motivation
- PIECE/ WORK RATE: Employees are paid for the amount of work they produce
- ADVANTAGES: managers dont need to push staff as much, keeps wages realistic (slower workers paid less) and piecework employees often dont get sick pay or holidays- no cover needed
- DISADVANTAGES = poor quality as staff are trying to produce products quickly and may mean products cannot be used and have to be thrown away.
- COMMISSION= paying sales personnel a basic wage which increases due to the number of sales they achieve
- SALARIES AND WAGES = most employees paid annual salary. workers often have a minimum number of hours. overtime sometimes offered if employees work more
- PROFIT SHARING/ RELATED PAY = if a business makes profit eployees may be given a proportion. rewads efforts and sense of belonging
- SHARE OWNERSHIP = Offers employees to be more involved with a business, own part of it and when a profit is made rewarded through dividend
- PERFORMANCE RELATED PAY = An employee will have an appraisal where they will be given a rating dependant on how well they work. Rating will lead to a gppd or bad bonus
- DISADVANTAGES = Can be unfair if you dont get on with manageger, companies wont put enough money aside for bonuses and may be related to companies profits
- PIECE/ WORK RATE: Employees are paid for the amount of work they produce
- Personal performance indicators
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