METHODS OF MOTIVATION IN A BUSINESS COMPANY

Not everyone knows how managers could motivate his employees to reap a successful goal which takes advantage of all the company.

So, with this short article, I’m going to clarify what this is all about.

There are several ways to motivate employees . These can be divided into financial rewards and non-financial rewards.

 

  • FINANCIAL REWARDS:

–hourly wage rate, based on a fixed amount for each hour worked.

–salary, certain grades and types of staff. 

–piece-rate, based on the number of units produced.

–commissions, based on the value of items they sell.     

–bonus schemes, is a method of performance-related pay.

–fringe benefits, used to recruit or retain employees.

–profit sharing, based on the profits of the business.

 

  • NON-FINANCIAL REWARDS:

–job rotation, employees switch from one task to another.

–job enlargement, increasing or widening tasks.

–job enrichment, encourage people to use their full abilities.

–job satisfaction, how happy and content a person is with her job.

–quality circles, groups of employees who meet to discuss work-related problems.

–team working

–delegation, passing responsibility to perform tasks.

 

                             

Camilla Trivelli 3G

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