Financial motivation

• What is remuneration in the context of employment?

  The money employees are paid for working in a business
• How does remuneration vary among employees?

  Different roles are rewarded with different levels of remuneration
• What are bonuses in the context of employee remuneration?

  A form of additional remuneration
• Why do some businesses use bonuses?

  To motivate their employees
• How can a bonus affect an employee's motivation?

  A bonus can raise their level of motivation
• What is commission in relation to employee remuneration?

  Commission is paid on top of a normal wage or salary
• How is commission typically calculated?

  As a percentage of a sale or a specified amount per sale
• What is one way to improve an employee's motivation?

  Promotions
• What usually happens when an employee is promoted?

  They are often provided with a higher ranking job
• What financial benefits often accompany a promotion?

  A higher wage and more financial benefits
• What are fringe benefits?

  Additional employment perks awarded to employees
• Give an example of a fringe benefit.

  A company car or additional holiday allowance
• What is non-financial motivation?

  Motivation that does not involve monetary rewards
• What is job rotation?

  Involves an employee having a large variety in their day-to-day role
• How does job rotation help motivate employees?

  By avoiding them becoming bored with their job
• What is job enrichment?

  Enhancing employees' roles by providing a wider range of tasks
• How does job enrichment differ from job rotation?

  Job enrichment enhances roles, while job rotation involves variety
• What does autonomy refer to in the workplace?

  The degree to which employees can make decisions about their roles
• What is the effect of having more autonomy for an employee?

  It allows them to make more decisions about their role