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 |