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2.5 - Coggle Diagram
2.5
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2.5.4- Motivation
Financial methods
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Commission- incentivises an employee to make sales as they gain a percentage of the profit for each sale they make,
Profit sharing- If the business is prosperous in a specific period they may give some of their extra profit to employees as a form of gratitude
fringe benefits- The business gives other benefits or extras to an employee in addition to their wage e.g vouchers or a company car.
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Promotion- An employee is promoted to a more senior job role (this usually comes attributed with a higher wage and more responsibility)
Non-financial methods
Greater autonomy- Employees are given more freedom to make decisions and collaborate on ideas (feel more valued)
Job rotation- Employees change jobs over a period of time so they can exercise specific skills and gain a greater overall skills set
Job enrichment- Employees are given greater responsibility in their roles so they can lead teams and better complete specific tasks effectively (however they remain at the same position within the chain of command)
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