Motivating Employees: Wages and Time Rate

Motivating Employees

Definitions

• Wage: Payment for work, typically paid weekly.
• Time Rate: The amount paid to an employee for one hour of work.

Methods of Motivation

• Many ways involved in giving incentives to employees.
• Methods of incentives to employees that are most frequently used:
  • Wage
  • Salary
  • Bonus

Wages

• Wages are often paid every week directly into a bank account.
• The worker gets paid cash, or some money. Wages tend to be paid in cash in a warehouse or factory setting.
• If the employee works extra hours then they will get paid overtime. This is their incentive to work additional hours.
  • However, there are some downfalls to giving a wage:
    • As the wages are paid directly this takes time and money.
      • Wage clerks are often needed to manage the wages.