Salary

• 💰 Motivation: Provides financial security.

• ❌ Disadvantage: Relies on staff's professionalism for quality.

  Example: A doctor receiving a monthly paycheck regardless of the number of patients seen.

Wages (Time rates)

• 💰 Motivation: Regular income + possibility of overtime pay.

• ❌ Disadvantage: Potential slow work, overtime can mean stretched hours.

  Example: An hourly cashier getting paid more for extra hours during holiday seasons.

Wages (Piece rates)

• 💰 Motivation: Higher output = higher pay.

• ❌ Disadvantage: Emphasizes quantity over quality, can be repetitive.

  Example: A shoe factory worker getting paid per shoe stitched.

Commission

• 💰 Motivation: Paid by results. Sell more, earn more!

• ❌ Disadvantage: Can promote wrong sales; decreased earnings during slow periods.

  Example: Real estate agents earning a percentage from house sales.

Profit-related pay

• 💰 Motivation: Employees share in company success.

• ❌ Disadvantage: Profits fall, pay falls!

  Example: If a startup profits $1M, an employee might get a bonus related to that profit.

Performance-related pay (PRP)

• 💰 Motivation: Surpass targets, get bonuses.

• ❌ Disadvantage: May not work for cognitive tasks; potential divisions among staff.

  Example: Sales rep getting a bonus for exceeding the monthly sales target.

Employee share-ownership schemes

• 💰 Motivation: Feeling of business ownership; bonus in shares.

• ❌ Disadvantage: Risks if company performance drops; potential for favoritism.

  Example: Tech companies giving shares to their employees. If the company thrives, so does their bank account!

Fringe Payments (Perks)

• 💰 Motivation: Extra benefits! Health insurance, company cars, or hotel discounts.

• ❌ Disadvantage: Potential division among staff; dependency on these perks.

  Example: Google employees getting free meals and gym access!

Job Enrichment

• ❤️ Motivation: Make jobs more meaningful & challenging.

• ❌ Disadvantage: Not suitable for all roles.

  Example: A factory worker given additional tasks of quality checking.

Job Rotation

• ❤️ Motivation: Experience different roles = more learning!

• ❌ Disadvantage: Initial productivity dips with each new role.

  Example: A management trainee rotating through marketing, sales, and HR roles.

Job Enlargement

• ❤️ Motivation: Variety in tasks.

• ❌ Disadvantage: Can lead to employee stress if just means more tasks.

  Example: Receptionist also managing social media channels.

Empowerment

• ❤️ Motivation: Control over decisions = more rewarding work.

• ❌ Disadvantage: Risk of poor decisions.

  Example: A customer service rep given the power to issue refunds without supervisor approval.

Purpose or Opportunity

• ❤️ Motivation: Making a real difference.

• ❌ Disadvantage: Losing sight of profit goals.

  Example: Employees at NGOs feeling fulfilled as they make positive social impacts.

Teamwork

• ❤️ Motivation: Working together = group cohesion.

• ❌ Disadvantage: Team conflicts can hurt productivity.

  Example: A project team at Apple working collaboratively to launch the next iPhone.