motivational strategies

performance related pay

 is a financial reward that employees receive for reaching or exceeding a set business goal.

eg pay increases, bonuses

advantages performance related pay

• Provides a financial reward to employees directly related to improved performance

• Rewards are generally predictable and easy to calculate

disadvantages performance related pay

• Not all employees will be motivated by pay

• Can be quite expensive, and a business may not be able to afford to pay regular bonuses

career advancement

is the upwards progression of an employee’s job position.

promoting from internally more often than externally

advantages of career advancement

• The promoted employee will feel valued for skills and knowledge, so may be more productive

• Can provide a means of retaining valuable employees

disadvantages of career advancement

• Employees may be promoted beyond their capacity

• Promotion could result in some resentment or rivalry within the business

Support strategies