3.5 OCR Business - Motivation & Retention

What is the definition of motivation?

• The process of managing a business

• The reason for acting or behaving in a certain way

• The method of increasing sales

• The strategy for reducing costs

What are the two methods used by businesses to motivate their employees?

• Financial and Psychological

• Financial and Non-Financial

• Non-Financial and Psychological

• Financial and Physical

What is pay?

• Money given to an employee in return for work

• A bonus given to an employee

• A loan given to an employee

• A gift given to an employee

What is an example of pay?

• A "pay rise"

• A "holiday bonus"

• A "loan"

• A "gift card"

What is a payslip?

• A document employees get every month to tell them how much they have been paid

• A document employees get every year to tell them their total earnings

• A document employees get every week to tell them their work hours

• A document employees get every month to tell them their job performance

What is a bonus in the context of employee compensation?

• A) A deduction from wages

• B) Money on top of wages, salary

• C) A regular monthly salary

• D) A penalty for not meeting targets

When are bonuses typically given to employees?

• A) When they fail to meet targets

• B) On a daily basis

• C) When targets are met

• D) At the beginning of employment

How do bonuses affect employee performance?

• A) Employees work less hard

• B) Employees work harder to meet targets

• C) Employees become less motivated

• D) Employees take more leave

Which of the following is an example of a bonus mentioned in the document?

• A) Monthly salary

• B) Annual bonus

• C) Health insurance

• D) Paid vacation

What is the effect of a larger bonus on employees?

• A) Less productive

• B) More productive

• C) No change in productivity

• D) Negative productivity