Please enable JavaScript.
Coggle requires JavaScript to display documents.
Chapter 13 Human Resource Management, 2. Recruitment and selection,…
-
-
-
-
-
4. Rewards
Non-Financial Rewards
Job Sharing
-
Disadvantages:
Poor communication between the employees who are job sharing can result in slow task completion
-
Extra holidays
-
Disadvantages:
It can be difficult for management to schedule holidays and ensure that there are sufficient numbers of staff available at all times for the business to run effectively
Job Enlargement
Advantages:
It helps to reduce employee boredom and can make the role more satisfying for the employee
Disadvantages:
Employees may be unhappy with the changes imposed by management and could become uncooperative
Flexitime
Advantages:
It helps to retain staff as it can reduce their commute time and improve their work-life balance
Disadvantages:
It can be difficult to schedule meetings as employees may want to start and end their work day at different times
-
Financial Rewards
Piece rate
Advantages:
Motivates employees to work faster, because the quicker they work, the more pay they will receive
Disadvantages:
It can lead to poor quality products, as employees hurry to complete work
-
Salary
Advantages:
The employer can accurately plan future expenditure, as it knows how much the firm's wage bill will costs
Disadvantages:
No incentive for the employees to work harder, as they know they will receive the same payment regardless of effort
Commission
-
Disadvantages:
Employees may be too pushy in order to gain a sale. Consumers may decide to buy elsewhere
Bonus
-
Disadvantages:
Expensive for the firm to pay out to staff, especially if profits have fallen
Employee profit-sharing
Advantages:
Motivates staff to work as a team to achieve business goals. They know that if the business is profitable, they will earn a share of the profits
Disadvantages:
Hard working employees may resent the fact that less productive staff earn the same share of profit. This can cause dissatisfaction and demotivate staff
-
-
-
-