| What exactly is Motivation? | This is really the Commitment to Do something. |
| Why is it Important to have a Highly Motivated Workforce? | -Staff can Produce more, in the same amount of time.
-Levels of Absence will be low, as they still feel the Drive to go to Work
-Staff Retention Increases, Training and Recruitment Costs lower
-Good Reputation can be Established, which makes the Recruitment and Selection process Easier
-Quality of the Product will be Ensured, the Employee will care about it |
| What exactly is Retention? | -This is when the Employee stays in the Business for a Long Time. This is helpful for all Businesses |
| Why is it Important to have a High Retention Rate? | -Staff stays Longer = Lower Recruitment and Selection = Less Costs
-Retained Staff are more Familiar and Comfortable which can lead to more Effective Output
-Morale and Motivation will be kept high, Everyone knows each other
-Reputation is kept High; Better chance at Hiring someone with better Skills |
| What are the 4 Methods of Motivation [Financial Methods] | -Pay: This amount that is Given to the Employee on a Basis. Can be done Hourly, Weekly or Monthly
-Fringe Benefits: Extra Money/Property given to the Pay [Example a Car]
-Profit Sharing: Employees can gain a Percentage of the Businesses Profits
-Bonus: More Payments given to Staff in their Pay. This can be because of Recent Success of the Business |
| What is the Difference between Salary, and Wage | -Salary: A Fixed amount that is given to the Employee, by the Employer. Workers who get paid by a Salary, want to be Promoted, which increases Motivation. [Monthly Payment is a common]
-Wage: Paid by the Amount of Hours that you have Worked. This also adds in Overtime Hours. Usually still payed Monthly or Weekly though [They get their Pay Weekly or Monthly] |
| Fringe Benefits: More Depth? | -Known as Perks, they are Extra Items that are Given to the Employees
-Some Examples can be
Company Car
Travel subsides
Childcare Provision
Free Lunches
Uniform
Discounts for Staff
-The Fringe Benefit is affected by the Size, Nature and Finances of a Business. |
| Promotion. How can this be a Financial Method? | -This happens when an Employee goes up the Hierarchy of the Organisation Structure. The new role should have the Salary Increase, and the Responsibility
-This can be Powerful, as it sends a message out saying Progression is Possible, which increases Production Rates and Retention. |
| How effective is Financial Methods in Motivation of Staff? | -People for the majority, can be Motivated by Money.
-However, it doesn't always lead to the Answer. More Money can make it feel Better about the Work, but it barely changes there Encouragement and Retention Rates |
| What are the Non-Financial Methods of Motivation? | -Awards
-Praise
-Working Environment
-Job Enlargement
-Job Enrichment
-Training
-Autonomy |
| Explain Awards, in terms of Motivation | -This is linked to Praise, and is Recognising the Employees Effort or Achievement
-This can be expressed through: Employee of the Month, Badges or Vouchers |
| Explain Praise, in terms of Motivation | -This is saying 'Job well done'
-Employees can feel Important and Valued, Motivation Increases
-Role Models establish, and Self-esteem can Build up |
| Explain Working Environment, in terms of Motivation | -Simply giving a Safe, Secure and Please Working space
-This can be Positive, better Relationships with the Business and the Staff
-Staff are Respected, and Valued. |
| Explain what Job Enlargement is | -This is giving Staff a more Variety of Tasks to do
-This can make it more Interesting, and Exciting
-Can happen in Job Rotation |
| Explain what Job Enrichment is | -Giving workers more Responsibility and more Complex Tasks
-This can be the result of an Increased feeling of Success |
| Explain what Training is | -Training can Motivate Staff to do Current Job
-It can also given new Techniques, or for Future purposes
-Employees can feel more Valued and Respected |
| Explain what Autonomy is | -Autonomy is Freedom
-Staff being given more Autonomy can help them Work better, as they have more Will to do so. |
| Explain what Job Rotation is | -This simply means the Staff do Several Jobs in the Day |
