levo
Get notified

Human Resources

Financial and non-financial methods of motivation

  • 3 things to know
  • Paper 1

Overview

Why motivation matters, wages, salaries and commission worked through examples, profit sharing and fringe benefits, management styles, and training and responsibility as non-financial motivators.

What you need to know

Answer each one before you reveal it.

Your recallNot started
Key term

What is profit sharing, and how can it motivate employees?

Key term

What is motivation at work?

Key term

What are the benefits of a motivated workforce?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    What is motivation at work?

    Model answer

    Motivation is the drive that makes employees want to work hard and do their job well. Motivated staff put in more effort.

  2. 2

    What are the benefits of a motivated workforce?

    Model answer

    Motivated staff are more productive and produce better-quality work. Motivated staff are also less likely to leave, which improves staff retention and cuts recruitment costs.

  3. 3

    What is a wage?

    Model answer

    A wage is pay based on the number of hours worked, usually paid weekly. Extra hours may be paid as overtime.

  4. 4

    What is a salary?

    Model answer

    A salary is a fixed annual amount, paid in equal monthly instalments. Salaried staff are paid the same however many hours they work.

  5. 5

    An employee is paid £12.75 an hour and works 40 hours a week. What is the weekly wage?

    Model answer

    The weekly wage is £510. The calculation is £12.75 × 40 = £510.

  6. 6

    What is commission?

    Model answer

    Commission is a payment linked to the value of sales an employee makes, often a percentage. Commission is common for sales staff.

See the rest and revise

Other ways to work this

The same content, four other ways.

What is inside Levo

Six ways to work the same material.

1Closed book
2Open book
3Closed book

The 3-step method, run for you

Answer cold, learn it, then prove it stuck. Levo tracks the jump between your first attempt and your last.

Business in the Real World
Influences on Business
Business Operations
Human Resources

Cram a whole paper in one sitting

Sort every topic into what you know and what you do not, then drill only the weak ones.

The pays a fee and a share of revenue.
franchiseefranchisorshareholder

Blank Blitz makes facts automatic

Rapid timed gap-fills on the terms and numbers you need to recall without thinking.

AThe business pays more interest on the money it owes.
BHigher interest charges raise costs and reduce profit.
CThe business will pay £1,000 more interest each year.

Build It gets the exam shape right

Assemble a full-mark answer from its marking points, in the order an examiner wants them.

Wage means pay based on the number of hours worked.
TrueFalse

Test It catches misconceptions

Spot the fault in a statement. The traps are the mistakes students actually make.

721941163128510

Brain Breaks between sessions

Short focus games to reset attention, so the next set lands better than the last.

Every question in Human Resources, on a schedule.

Attempt a question from memory, write the correct version, then attempt it again. Levo records the jump between your first attempt and your last, and brings each question back on the day you are due to forget it.

Start revising, £5 a monthSee how the method works

Or £46 a year, about £3.83 a month. Cancel anytime.