Motivating Employees in Practice: Financial and Non-Financial Methods and Job Enrichment

The video discusses motivation theories by FW Taylor, Maslow, and Herzberg, focusing on practical applications. It explores financial motivation methods like piece rate, performance-related pay, commission, and salary schemes. The video also covers non-financial methods, emphasizing job enrichment, accountability, and job rotation. It compares banking and teaching to illustrate different motivational factors and highlights the pros and cons of job enrichment.

What are the two main distinctions in motivation methods discussed in the introduction?

• Financial and non-financial methods

• Individual and team-based methods

• Intrinsic and extrinsic methods

• Short-term and long-term methods

Which of the following is a characteristic of a piece rate payment system?

• Commission on sales

• Performance-based salary increase

• Fixed salary with bonuses

• Payment per unit produced

What is a potential disadvantage of performance-related pay?

• Can lead to unhealthy competition

• Increases trade union involvement

• Encourages experimentation

• Promotes teamwork

How does commission work as a motivational method?

• Employees receive a fixed salary

• Employees earn a percentage of sales

• Employees are paid per unit produced

• Employees receive bonuses for meeting targets

According to Herzberg, what should be the focus of salary schemes?

• Paying based on company profits

• Paying employees what they deserve

• Underpaying employees

• Overpaying employees

What is a key benefit of job enrichment?

• Increased financial incentives

• Realization of worker potential

• Reduced employee independence

• Dependence on a single manager

Which profession is highlighted as having more job enrichment opportunities?

• Manufacturing

• Sales

• Teaching

• Banking

What is a disadvantage of job enrichment?

• It provides immediate benefits

• It may not suit all jobs or personalities

• It is cost-effective for businesses

• It suits every job and personality

How does job enrichment affect organizational dependency?

• Eliminates the need for managers

• Increases the need for autocratic leadership

• Reduces dependency on a single manager

• Increases dependency on one manager

What is a potential long-term benefit of job enrichment?

• Increased reliance on financial incentives

• Reduction in employee independence

• Development of worker skills

• Immediate increase in profits