Business Studies- Section 6

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Key Word

Definition

Motivation

Why do people work?

Labour ProductivityAbsenteeismLabour Turnover 

The concept of human needs - Maslow Hierarchy (identify the main needs of humans). Advantages: increase efficiencyDisadvantages: difficult to identify what level they are on, money might also be part, not everyone has the same needs and self-actualisation is rarely achieved.

F.W Taylor (reduce inefficiency)-The theory of the economic manPiece Rate

Frederick Herzberg- Hygiene factorsMotivatiorsJob dissatisfaction

Financial Rewards

Non- Financial RewardsJob satisfaction- how happy and content a person is at their job.

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