Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
3Activity
0 of .
Results for:
No results containing your search query
P. 1
Financial Rewards

Financial Rewards

Ratings: (0)|Views: 154 |Likes:
Published by api-3831590

More info:

Published by: api-3831590 on Oct 18, 2008
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPT, PDF, TXT or read online from Scribd
See more
See less

03/18/2014

pdf

text

original

Financial rewards
Financial rewards
By: Mat\u00edas Iv\u00e1n Jos\u00e9 Iba\u00f1ez
By: Mat\u00edas Iv\u00e1n Jos\u00e9 Iba\u00f1ez
Garcia
Garcia
Wages and Salaries
Wages and Salaries
\u2022Wages are normally paid per hour worked and workers receive money at the
Wages are normally paid per hour worked and workers receive money at the
end of the week. Overtime is paid for any additional hours worked during the
end of the week. Overtime is paid for any additional hours worked during the
week.
week.
Workers may resent being
Workers may resent being
paid the same as a colleague
paid the same as a colleague
who they feel is not so
who they feel is not so
productive
productive
Simple and easy to use for
Simple and easy to use for
businesses
businesses
Disadvantage
Disadvantage
Advantage
Advantage
Piece-rate
\u2022Piece-rate is paying a worker per item they produce in a certain period of
Piece-rate is paying a worker per item they produce in a certain period of
time. It was recommended by the motivation theorist Taylor and had close
time. It was recommended by the motivation theorist Taylor and had close
links with working on production lines.
links with working on production lines.

Workers may ignore company
rules, such as Health and
safety issues, in they try to
speed up output

Often workers not entitled to
sick pay or holiday pay
which reduces cost

Workers do not concentrate
on quality of work as emphasis
on speed of work

Increases speed of work and
therefore productivity
Disadvantages
Disadvantages
Advantages
Advantages

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->