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People in Business (pt. 2) (Training & Development (Definitions (On…
People in Business (pt. 2)
Motivation and Retention
Definitions
Productivity
A measure of output per working
Financial Methods of Motivation
Methods that involve paying workers more money
Retention
When workers choose to stay in a firm rather than work elsewhere
Non-Financial Methods of Motivation
Methods that do not involve paying money
Motivation
How workers are encouraged to work hard
Methods of Motivation
Fringe Benefit
Praise
Profit Sharing
Award Schemes
Bonus
Working Environment
Pay
Training & Development
Definitions
On-the-Job
Training whilst working
Off-the-Job
Training away from the job
Development
Long Term training focused on helping a worker realise their potential
Induction Training
Training to introduce the worker to a business
Training
Short term ans is focused on helping a worker do their job well
Induction
Pros
Helps workers settle into the business faster
Worker will be more productive
Health and safety issues will be reduced
Cons
A lot of information in one day
Costs involved - worker is paid but not producing anything
Costs involved- someone needs to provide training
Off-the-Job
Cons
More expensive
Worker is not producing products
Risk of employee leaving once trained
Pros
Experts can provide training
Workers enjoy change of environment
Workers feel valued
On-the-Job
Pros
Training is individualised to each worker
Cheaper - No travel
Still produces products
Cons
Trainer may need to stop working to help trainee
Quality may be poor
Training depends on Trainer
No qualifications gained
Employment Law
Forms of Discrimination
Equal Pay
Race
Gender
Disability
Sexual Orientation
Religion or Belief
Working Time Directive
Controls how many hours a worker works each week
Number of Hours Worked / 17 Weeks
One worker cannot go over 48 hours on average over 17 working weeks
All workers are entitled to 5.6 weeks of paid holiday each year.
Definitions
Employment Law
A law designed to protect workers from employers who may treat them unfairly
Discrimination
When one worker is treated differently from another for no acceptable reason
Contract of Employment
A legal agreement between an employer and an employee
Holiday Entitlement
The amount of paid holiday a year a worker is entitled to