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IB Business & Management

Motivation In Practice

MOTIVATION IN FINANCIAL MOTIVATION PRACTICE NON FINANCIAL MOTIVATION Motivating workers by methods other than monetary rewards

Motivating workers by the use of financial/monetary reward

Wages (Time Rate & Piece Rate) Salary Commission Profit Related Pay Performance Related Pay Fringe Benefits/Perks

Job Enrichment Job Enlargement Job Rotation Empowerment Teamworking Recognition and Praise Good working environment Continuous Professional Development Delegation Worker Participation

Make sure that you can explain each of the above terms. You can use the internet to search for specific terms that you do not understand.

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