business- Motivating factors
- Created by: stuDYING
- Created on: 10-01-10 14:11
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- 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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