AS Level Business Vocabulary Section 2

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Motivation

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The factors that influence the behaviour of workers towards achieving set business goals.

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Labour productivity

Back

A measure of the efficiency of workers by calculating the output per worker.

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Absenteeism

Back

Workers’ non-attendance at work without good reason.

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Labour turnover

Back

The rate at which workers leave a business.

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The theory of economic man

Back

The view that humans are only motivated by money.

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Piece-rate

Back

Paying workers for each unit produced.

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Hygiene factors

Back

The factors that must be present in the workplace to prevent job dissatisfaction.

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Motivators

Back

The factors that influence a person to increase their efforts.

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Job dissatisfaction

Back

How unhappy and discontent a person is with their job.

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Financial rewards

Back

Cash and non-cash rewards paid to workers which are often used to motivate workers to increase their efforts.