motivating employees

i have no motivation for this😖

motivation

the reason why employees want to work hard and effectively for the business.

motivations for work

• money

• security

• social needs

• job satisfaction

advantages of motivated workers

• high output per worker -

  which helps to keep costs low and increase profits

• willingness to accept change - like new methods of working

• loyal workforce - reduces the cost of recruiting workers who leave

• low rates of absenteeism - reducing the disruption caused by absence from work

Maslow’s hierarchy

1. self-actualisation

2. esteem needs

3. social needs

4. safety/security needs

5. physiological needs

Maslow’s theory

he believed that they were ==**5 levels of human needs that employees require to feel fulfilled.**==

Taylor’s theory

his theory suggested that if employees were **paid more then they would be more motivated** to work hard

Herzberg’s theory

he believed that employees h==**ygienic needs must be fulfilled**== and if not they act as demotivators however these ==**do not act as motivating factors**==

types of financial rewards

• wage

• salary

• bonus

• commission

• profit sharing

wages

worker %%**gets paid on a regular basis**%% and does not have to wait long for some money, %%**If the employee works longer than their normal hours, they can usually be paid overtime**%%. This is an incentive to work additional hours when required by the business.

disadvantages of wages

**»**  As the wages are **paid weekly**, they have to be **calculated every week**, which **takes time** and money.

**»  Wages clerks are often employed to perform this task.** \n

time rate

the %%**amount paid**%% to an employee for %%**one hour of work.**%% This makes it **easy to calculate the worker’s wages**

disadvantages of time rate

• The hours worked are often recorded on a time-sheet which must be filled in and used to calculate the wages this system takes time.

• Good and bad workers get paid the same amount of money.

• Often supervisors are needed, this is expensive because more supervisors

  are needed by the business.

• A clocking-in system is needed to determine the number of hours worked by

  the employees .

piece rate

where ^^**the workers are paid depending on the quantity of products made**^^ the advantage with this system is that ^^**it encourages workers to work faster and produce more goods.**^^

disadvantages of piece rate

**»**  ^^**Workers may concentrate on making a large number of products and ignore quality**^^, producing goods that may not sell very well because they are of a poor quality. If poor quality goods are produced, this could damage the reputation of the business.

**»**  ^^**Workers who are careful in their work will not earn as much as those who rush**^^, friction between employees may be caused as some will earn more than others.

**»**  ^^**If the machinery breaks down, the employees will earn less money**^^. Because of this, workers are often paid a guaranteed minimum amount of money.

salaries

they are ^^**paid monthly**^^, normally straight into a bank account. They are not paid in cash. It is usual for office staff or management to be paid salaries.

advantages of salaries

**»** ^^**it is easy to calculate salary**^^ costs for the business.

**»**  ^^**the employer has the money in their bank account for longer**^^ than if they were paying their workers’ wages

**»**  the ^^**payment has to be calculated only once a month**^^ instead of at least four times a month

disadvantages of salaries