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Business and Management Notes

In: Business and Management

Submitted By darry
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Financial Motivation * Profit related pay Performance- related Pay Job Satisfaction and Motivation | Productivity | * Makes employees work harder and become more motivated. * Employee expectations can cause problems, especially if they feel that their performance has been underestimated. | * Productivity depends on the manager assessing the employee’s performance. The manager must ensure that each assessment is made fair so that employees will increase their productivity. | * Where businesses motivate the workforce based Rewards given to employees ( individual, teams, on the level of profits in the business, whole) based on their performance eg. Achieves the * Higher the profits of the business, more pay businesses goals. received by employees Impact: * Impact: Job Satisfaction and Motivation | Productivity | * Encourage a sense of belonging to the business and desire to contribute more to the business * If profits fall, then employees could feel demoralized without it being their fault. | * Productivity has high potential to increase. |

* Drawback: This method does not recognise individual Drawbacks:…...

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