business- Motivating factors

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  • Created by: stuDYING
  • Created on: 10-01-10 14:11
  • monetary rewards
  • non-monetary rewards
  • introducing ways to give job satisfaction

MONETARY REWARDS
*pay shown as main reason for working, although there are motivation theories
- pay can be incentive.

WAGE: payment for work, usually paid weekly.
do not wait long
manual workers e.g, warehouse
- have to be calculated every week, costs time and money. (done by wage clerks)
- overtime: when employee works longer than normal hours.

time rate: payment by the hour (used when difficult to measure output e.g bus driver)
- easy to calculate
- takes time. good & bad workers get paid same.
supervisors needed to ensure quality = expensive

piece rate: paid depending on quantity of products made. (measure…

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