Motivation of Workers Essay - 1061 Words

Motivation of Workers Having a motivated workforce is vital for most businesses, since it can lead to higher rates of productivity, better quality output, and low rates of absenteeism and labour turnover. The main factors which affect the motivation of workers are pay levels, job security, promotional prospects, being given responsibilities, working conditions, fringe benefits, participation in decision-making and working in a team. Motivational Theories --------------------- There are two basic theories of motivation; content theories and process theories. Content theories focus on what actually motivates people, they study the needs that must be satisfied in order for the†¦show more content†¦Financial Methods ----------------- There are many different methods of payment that a business can choose from, each of which can have different effects on the level of motivation of the workforce. The main methods are: 1. Time-rate (‘flat rate’) schemes. This payment method involves the employee receiving a basic rate of pay per time period that he works (e.g.  £5 per hour,  £50 per day,  £400 per week). The pay is not related to output or productivity. Any time that the employee works above the agreed number of hours per week may make him eligible for overtime payments, often at ‘time and a half’ (e.g.  £7.50 per hour instead of  £5 per hour). 2. Piece-rate schemes. This payment method involves the employee receiving an amount of money per unit (or per ‘piece’) that he produces. Therefore his pay is directly linked to his productivity level. However, it is possible that in order to boost his earnings, an employee may reduce the quality and craftsmanship per unit, so that he can produce more output in a given period of time. 3. Commission. This is a common method of payment for salesmen (e.g. insurance, double-glazing, telesales). The employee receives a very small percentage (say 0.5%) of theShow MoreRelatedEssay on Insight on the Motivation of Workers596 Words   |  3 PagesMotivation has always been a subject of much research over the last fifty years however there have been many definitions and theories describing and analysing motivation but the research is never complete. 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