Financial motivation & Fringe benefits

A payment relating to the number of sales made.

Payment for work, usually paid weekly.

Payment for work, usually paid monthly.

An additional amount of payment above basic pay as a reward for good work.

A payment relating to the number of sales made.

Payment for work, usually paid weekly.

Payment for work, usually paid monthly.

An additional amount of payment above basic pay as a reward for good work.

A payment relating to the number of sales made.

Payment for work, usually paid weekly.

Payment for work, usually paid monthly.

An additional amount of payment above basic pay as a reward for good work.

A payment relating to the number of sales made.

Payment for work, usually paid weekly.

Payment for work, usually paid monthly.

An additional amount of payment above basic pay as a reward for good work.

A payment relating to the number of sales made.

A system whereby a proportion of the company's profit is paid out to employees.

Payment for work, usually paid monthly.

An additional amount of payment above basic pay as a reward for good work.

The worker gets paid on a regular basis and does not have to wait long for money.

If an employee works longer, they will usually get paid more.

A clocking-in system is needed to track the number of hours worked.

Workers are motivated to work faster.

Time rate and piece rate

Time rate and hourly rate

Piece rate and salary

Piece rate and bonuses

It encourages employees to push for sales

It is very stressful to the employee

It results in competition among staff

Customers may end up buying goods they don't really want

free accommodation

company vehicle

free trips abroad/holidays

profit sharing

helps workers feel 'recognised' and 'special'

has a positive motivating effect

is similar to a salary

May become 'expected' and workers will be disappointed if they do not receive it