1. Reward Systems
All: Understand different rewards systems used by business
Most: Explain the different rewards systems used
Some: Apply the different rewards systems used

2. Reward systems Job satisfaction Monetary rewards Non monetary rewards
Job satisfaction – comes from working environment, type of work, colleagues, hours of work, fringe benefits.
What else?

3. Job satisfaction can be improved through:
Job rotation – people doing different jobs and changing round preventing the jobs from being boring and repetitive
Job enrichment – giving the employee additional tasks or responsibility to do

4. Monetary rewards Wages / Salaries Commission – for specific work done
Bonus
Profit sharing
Share ownership.

5. Non monetary rewards Company car Healthcare School fees paid
Discounts on company products
Health clubs
Subsidised canteen
Pension
Team Working
Consultative committees

6. http://www.youtube.com/watch?v=u6XA PnuFjJc

7. HWK Task Look at a business you are familiar with.
Describe methods of motivation that you think it would use.
- Non financial
- Financial
Explain why you think it would use these methods.
Explain how these methods link to the motivation theorists we have studied – Maslow, Mayo, Herzberg, Taylor & Vroom.