Motivation in Business

What is motivation in business?

• Encouraging students to study hard and achieve their best.

• Encouraging your team mates to attend training and to practice.

• Encouraging staff to give their best for the business.

• Encouraging people to act in a certain way to improve an outcome.

A motivated workforce can result in...... (select 3)

• Increased output

• Improved quality

• Higher retention

• Lower retention

An employees performance is reviewed on a regular basis and is part of the.....

• Management of Performance System

• Performance Management System

• Management Performance System

• Performance Managing System

Which of the following would NOT be a characteristic of an effective performance management system?

• Able to recognise the different priorities of Employers

• Seen to be fair, and a available to everyone

• Responsive to changes in the workplace

• Individually tailored to each employee

Possible criteria for a recognition and reward system are.... (select 3)

• Skill and aptitude

• Manners and grooming

• Performance and results

• Knowledge

Rewards that are visible to the employee are called....

• External rewards

• Extrinsic rewards

• Extra rewards

• Extraction rewards

Criteria for a bonus includes....(choose 3)

• Not guaranteed

• Written into your employment contract that you will definitely receive one

• Performance based

• Cash based

Share schemes are a cost effective alternative to cash. What is another benefit?

• The employee becomes an owner of the business

• The employee becomes a shareholder

• The employee has a say in what happens with the business

• Aligns employee interests with those of shareholders

Non-financial incentives not only attract employees, they also.....

• Keep them satisfied in the long run

• Cost less for the business

• Means the business doesn't need cash

• Business doesn't need to pay the employee

2 examples of non-financial incentives are....

• A high five

• Skill improvement

• An ice cream

• Rewards and recognition