Motivation in Theory and Practice (Edexcel A-Level Business): Flashcards
📚Flashcards
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10 cards from this deck
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Practise the cards
10 cards from this deck
Scientific management view on money & motivation
Scientific management view on money & motivation
Money is the primary motivator for employees
Human relations view on motivation
Human relations view on motivation
Motivation from teamwork, recognition, responsibility (not just pay)
Piecework definition
Piecework definition
Payment per unit produced or task completed
Main piecework disadvantages
Main piecework disadvantages
Safety shortcuts & quality compromised due to rushing
Commission payment system
Commission payment system
Payment for achieving specific targets (esp. sales roles)
Why bonuses are cost-effective for businesses
Why bonuses are cost-effective for businesses
Only paid when targets met (money earned before paid out)
Profit sharing meaning
Profit sharing meaning
Company profits distributed to workers (not just shareholders)
Main profit sharing disadvantage
Main profit sharing disadvantage
Weak individual link - workers have little control over profits
Performance-related pay (PRP)
Performance-related pay (PRP)
Pay increases linked directly to individual performance
Key PRP criticism
Key PRP criticism
Perceived unfairness in appraisal & can demotivate workers