MOTIVATING WORKERS
(JAMES FERDINAND BUSINESS - 9B)
REASONS TO MOTIVATE WORKERS
FACTORS OF MOTIVATION
FINANCIAL FACTORS
NON-FINANCIAL FACTORS
SALARY
WAGES
COMMISSION
BONUS
PERFORMANCE-RELATED PAY
PROFIT SHARING
BENEFITS:
- HEALTHCARE
- INSURANCE
- EDUCATION FOR CHILDREN
- FREE ACCOMODATION
- PAID TIME OFF
JOB SATISFACTION
JOB ROTATION
TEAM WORKING
JOB ENRICHMENT
A feeling of enjoyment, because you feel that you've done a good job.
- INCREASED PRODUCTIVITY
WHY PEOPLE WORK?
- INCREASED EFFICIENCY
- REDUCED LABOUR TURNOVER
- INCREASED OUTPUT
- REDUCED ABSENTEEISM
MOTIVATION THEORIES
- IN TURN HIGHER PROFITS
HERZBERG
MASLOW
TAYLOR
- Workers are motivated through personal gain.
- Not practical in service industry (tertiary sector)
- Piece-Rate System
MOTIVATORS:
- WORK ITSELF
- PERSONAL GROWTH
- PROMOTION
ACHIEVEMENT
FACTORS:
- STATUS
- SECURITY
- WORK CONDITIONS
- SALARY
- SUPERVISOR RELATIONSHIP
- SUBORDINATE RELATIONSHIP
- COMPANY POLICY
- ESTEEM NEEDS
- SELF-ACTUALISATION
- SOCIAL NEEDS
- SECURITY/SAFETY NEEDS
- PHYSIOLOGICAL NEEDS
MOTIVATION DEFINITION:
- Someone drive to do and to continue to do something.
- JOB SATISFACTION
- SOCIAL NEED
- ESTEEM
- MONEY
- EXPERIENCE
- Learn about their careers.
- Self-Importance
- Being happy that you've done a good job.
- Help others, helping friends at work.
- Pay for Needs
- The process of collaborating with a group of people to accomplish a common objective.
- A method of re-assigning workers to various jobs in order to increase their experience.
- It is a process that involves adding certain aspects to tasks in order to make them more appealing.
- It means to compensate an employee, like giving an employee their base salary.
- It is a salary that is linked to an employee's performance.
- A set recurring payment given by the employer to an employee on a monthly or weekly basis.
- It is a set amount of money paid to an employee by their employer.
- Money added to a wage or salary, given as a reward.
- Profit sharing refers to different incentive programmes used by companies that offer payments to workers based on the company's profitability in addition to regular salaries and bonuses.
- Pay for Wants