16362058
Descrição
Mapa Mental por Thea Friend, atualizado more than 1 year ago
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Criado por Thea Friend
aproximadamente 6 anos atrás
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Financial methods of
motivation
- pay is the money earned by workers as a reward for the work they do
- Two methods of pay are wages and salaries
- salaries is a set amount for the year paid in 12monthly instalments
- wages is the amount you get paid weekly
- salaries is a set amount for the year paid in 12monthly instalments
- Pay is a cost to the business. High costs may reduce profits
- Two methods of pay are wages and salaries
- Profit sharing is where workers receive some money made b the business
- a business sets a portion of its profits which is shared out to workers
- This is a cost to the business. Shareholders may feel that profit sharing reduces their dividends
- a business sets a portion of its profits which is shared out to workers
- Bonus is an additional payment made to workers who achieve a target
- Its paid on top of your wages or salary. It is performance related
- Targets need to be realistic or workers may not be able to achieve them
- Its paid on top of your wages or salary. It is performance related
- Fringe Benefits are additional benefits that workers receive on top of their pay
- Its a cost to the business therefore it may reduce profits
- These are benefits other than money that a worker may receive on top of their pay for example car allowance
- Its a cost to the business therefore it may reduce profits
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