1. Section 2.3 – Leadership and Management

2. Creative Financial Rewards
Performance-related pay – a bonus scheme to reward staff for above-average work performance
Profit-related pay - a bonus for staff based on the profits of the business
Employee share-ownership schemes – instead of money employees are rewarded with company shares

3. Perks
Fringe benefits (perks) - rewards in the form of items

5. Activity (10 min.)
Activity You can work with your direct neighbor

6. Financial Rewards What do we think?

7. Discussion

8. Non Financial Rewards

9. 2.4 Motivation
Non Financial Rewards

10. The following types of non-financial rewards (AO2):
job enrichment
job rotation
job enlargement
empowerment
purpose/the opportunity to make a difference
teamwork

11. An Example

15. Job Enrichment
Job enrichment - aims to use the full capabilities of workers by giving them the opportunity to do more challenging and fulfilling work

16. Job Rotation
Job rotation - the practice of moving employees between different tasks to promote experience and variety

17. Job Enlargement
Job enlargement - attempting to increase the scope of a job by
broadening or deepening the tasks undertaken

18. Job Enrichment VS Job Enlargement

19. Empowerment

20. Purpose

21. Team Work

22. An Example

23. An Important Note
Example: in the developed world people are a lot more concerned about non financial rewards. The reasons are obvious.

24. Look Further than the Theory

25.
Your homework assignment is to write an essay. In this essay you have to explain whether you consider yourself to be a capable leader in a business organization.
A few suggestions:
Use an appropriate structure: introduction, body, conclusion and fit-for-purpose paragraphs
Name specific examples to support or oppose your leadership qualities
Make it balanced, so consider your strengths and weaknesses
Think about the future: can you improve?
The context is a leader within a business organization