1. Motivation
Aims:
Distinguish between financial and non financial methods of motivation
Analyse impact of motivation on the firm

2. Motivation
Motivation is defined as the process that initiates, guides and maintains goal-oriented behaviours.

3. What motivates you?!!

4. Google: a lesson in motivation

5. Non financial methods of motivation
Training
Job enrichment – giving employees greater responsibility
Job enlargement – increasing the scope of a job
Empowerment – giving people control over their working lives

6. Conundrum time!
Which three types of non financial motivation methods are being described here?
Genteel born jam
Fine gent briefs
He wash prisoner
job enlargement
fringe benefits
share ownership

7. Financial methods of motivation
Pay
Piece rate
Performance related pay
Profit sharing
Share ownership

8. Beat the teacher!!!

9. Improved quality of output
Impact on the firm
Fewer mistakes
Increased productivity
Reduced absenteeism
Easier to recruit
Improved quality of output