business studies chapter 6
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business studies chapter 6 - Leaderboard
business studies chapter 6 - Details
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14 questions
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Motivation | Reason why employees work hard and effectively for the business |
Wage | Payment for work, usually paid weekly |
Salary | Payment for work usually paid monthly |
Commission | Payment relating to the number of sales made |
Profit sharing | System whereby a proportion of the company's profits is paid out to employees |
Bouns | Additional amount of pay above the basic pay as a reward for good work |
Performance related pay | Pay related to the effectiveness of the employee where their out put can easily be measured |
Share ownership | Shares in the company are given to the employees so that they become part owners in the company |
Appraisal | Method of assessing the effectiveness of an employee |
Job satisfaction | Enjoyment from feeling that you have done a good job |
Fringe benefits | Non-financial rewards given to employees |
Job rotation | Involves each worker doing a specific task for a limited time until they have to rotate to do a different task |
Job enlargement | Extra tasks to a similar level of work are added to a worker's job description |
Job enrichment | Looking at jobs and adding tasks that require more skill and/or responsibillity |