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Motivation in Practice - Coggle Diagram
Motivation in Practice
Finacial Rewards
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Wages (time rates)
Are paid an hourly rate, or for a numbers of hours per week.
In U.S, the wages are paid by hour around 20 dollars. Employees can work more or less than 8 hours, but even if they dont produce, they will receive those 20 dollars per hour each day.
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Commission
Paid by results, a flat fee or a precentage for each item sold.
Example: Sales staff, for example, are given a commission based on the number of sales they make
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Employee share-ownership
In sometime, is a kind of bonus but in shares rather than cash. Or, the second way is by employees allowed to purchase shares through a payroll deduction.
Example: For every 1 dollar, the employee invests in shares the company will give the employee's contribution with 0.50
Fringe Payments
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Examples: health insurance, workers' compensation, retirement plans, and family and medical leave.
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