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13 Cards in this Set
- Front
- Back
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piecework (piece rates) |
payment based on the number of items each worker produces |
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performance related pay |
a bonus or increase in salary usually awarded for above-average employee performance |
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profit-sharing |
a financial incentive in which a proportion of a firms profit is divided among its employees in the form of a bonus paid in addition to an employees salary |
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share ownership |
a financial incentive whereby companies give share to their employees or sell them at favourable rates below the market price |
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share options |
a financial incentive in which chief executive and senior management are given the choice of buying fixed number of shares a t affixed price, by a given date |
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fringe benefits |
benefits received by employees in addition to their wages or salary |
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job enrichment |
a means of giving employees greater responsibility and offering them challenges the allow them to utilise their skills fully |
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empowerment |
giving employees that means by which they can exercise power over their working lives |
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teamworking |
a system where production is organised into large units of work and a group of employees work together in order to meet shared objectives |
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motivation |
the causes of peoples actions, why people behave as they do |
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motivation theory |
the study of factors that influence the behaviour of people in the workplace |
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scientific management |
business decision making based on data that are researched and tested quantitively in order to improve the efficiency of an organisation |
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job enlargement |
increasing the scope of a job, either by job enrichment or by job rotation |
