Financial and Non-Financial Motivators - Coggle Diagram
Financial and Non-Financial Motivators
Employees are organised into teams that share decision making and responsibility.
This often results in improved productivity and faster problem solving.
It involves giving employees meaningful, whole tasks, rather than boring, repetitive work. A more ‘vertical’ increase in tasks as they will be of different nature.
Herzberg defined it as ‘giving people the opportunity to use their ability. It increases motivation
It works well in administrative and technical positions
Allowing employees to change jobs or increase the range of tasks they perform.
It reduces the time spent on repetitive and tedious processes that can lead to boredom and carelessness.
It increases workers range of skills
It involves giving an employee more jobs of the same nature. A ‘horizontal’ increased of tasks – no variation
It prevents boredom as employees are able to perform an entire task.
Giving individuals more responsibility when making decisions.
Encourages initiative and increases motivation
A general term for any arrangement that allows employees to have a more varied work schedule.
It can give employees more control over their working lives and increase their job satisfaction.
It allows businesses to respond to fluctuations in demand more easily.
They are designed to motivate employees by rewarding them for achieving particular targets or standards previously agreed with the employer.
An agreed share of the profit is paid to employees.
It means that each worker gets paid according to the level of output they have produced.
PERFORMANCE RELATED PAY
It is a scheme where salaries are linked to performance in the workplace. There are many different schemes.