Motivation in practice

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  • Created by: ilee02
  • Created on: 25-04-19 21:04
What are the 5 financial motivators?
piecework, commision, bonus, profit share and performance related pay
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What are the 8 non-financial motivators?
Delegation, consultation, empowerment, team working, flexible working, job enrichment, job rotation and job enlargement
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What is piecework also called?
Output workers
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How are employees paid in piecework?
Per finished item or unit
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What does employers choose to pay during piecework?
National minimum wage or fair piece rated based on average times
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What are the advantages of piecework?
Experienced workers can earn more, incentive to work, employees may work more hours and home workers can start and finish they want
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What are the disadvantages of piecework?
More mistakes, quality may suffer and slower workers may fall under the minimum wage
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What may salespeople be paid?
Commission only or low basic salary and commission
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What is OTE?
On target earnings and in a job advertisement lets the candidate know the potential top earnings that can be made in the job
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What are the advantages of commission?
Skilled salespeople can make good money, employer is not paying for down time and motivates employees to sell more
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What are the disadvantages of commission?
Could earn no money at all, not a steady income, risky in a recession, not always fulfilling customer needs ad temptation to pressure sell
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What is a bonus?
a sum of money paid on top of a salary or wages
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What can be a bonus for?
Sales, performance and christmas
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What might employees be paid based on the level of profits made by the firm?
Dividends
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What are the advantages of profit share?
Encourages teamwork, employees keep cost down and employees become more loyal to the firm
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When was performance related pay introduced?
In the 1980s in banking and public sector
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What does a line manager decide with a worker?
a set of criteria or objectives that the employee must fulfill. From this personal targets are set
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What is a disadvantage of performance related pay?
it causes jealousy and unrest
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What is an advantage of performance related pay?
It directly link employees' performance with how much they are paid
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What does delegation involve?
allocating tasks to employees
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What are the advantages of delegation?
Gives managers self confidence, empowers managers to make decisions and allocate tasks to the most appropriate member of staff
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What are the disadvantages of delegation?
Managers sometimes allocate tasks when overloaded with work and managers may not always choose the most suitable employee to delegate to
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What does empowerment involve?
allowing employees more authority to delegate tasks to other
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What are the advantages of empowerment?
Staff that are recognised for their ability, trusted and given control over decisions, less frustrated with the company and increase productivity
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What are the disadvantages of empowerment?
Seen as cost cutting, a way of delayering, making management redundancies, makes managers insecures and has an associated cost of training
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What does flexible working involve?
a variety of working patterns so that employees can achieve a work life balance
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What does flexible working include?
Part time, homeworking, term time only, job share and compressed hoursm
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What are the advantages of flexible working?
Less stress, equal oppurtunities, attracts talented people who might not otherwise be able to afford the work
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What are the disadvantages of flexible working?
Hard to fit shifts and schedules to suit everyone
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What does job rotation involve?
Moving employees from one task to another
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What are the advantages of job rotation?
Multi-skilled employees, less boring and cost effective way to motivate employees
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What are the disadvantages of job rotation?
Jobs may be boring, uncertainty over job changes and loss of output as a worker
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What does job enrichment involve?
Giving he employee a greater variety of tasks of a higher responsibility
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What are the advantages of job enrichment?
Can motivate employees by giving them a challenge
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What are the disadvantages of job enrichment?
May be beyond the skills of the individual or it may be seen as more work
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What does job enlargement involve?
Giving an employee a variety of tasks of the same level of responsibility
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What are the advantages of job enlargement?
Less boring, less repetitive, more efficient, maximum utility out of an employee
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What are the disadvantages of job enlargement?
employees might regard it as more to do
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Other cards in this set

Card 2

Front

What are the 8 non-financial motivators?

Back

Delegation, consultation, empowerment, team working, flexible working, job enrichment, job rotation and job enlargement

Card 3

Front

What is piecework also called?

Back

Preview of the front of card 3

Card 4

Front

How are employees paid in piecework?

Back

Preview of the front of card 4

Card 5

Front

What does employers choose to pay during piecework?

Back

Preview of the front of card 5
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