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Motivating workers
Financial rewards
Price rates
Paying for each product they produce
Time rates
Paying for the amount of hours they work
Salary
Payment in exchange of their work
Bonuses
Aditional financial rewards
Performance realted pay
Employees are payed acording to their performance
Profit share
Employees are offered a share in anual profits of the business
Share ownership
Provide ownership shares as a reward
Motivation
Maslows hierarchy of needs
The desire to achieve a goal therefore work harder for it
It couses higher productivity
It causes improved quality
It helps reduce labour turnover
Taylors scientific management
Two factor theory
Hygiene
Motivators
Other methods of motivation
Job rotation
Job enlargement
Job enrichment
Empowement
Team work
Non financial rewards
Fringe benefits
Private medical ensurance
Discounts on the businesses products
a company car or phone
Free lunch
