Motivation

Financial incentives

Piecework – Taylor; produce more get paid more. Only applicable where volume of worker can be measured. However, can cause equity to decline as workers rush production to get more units made
PRP – extra pay for achieving targets. Performance reviewed and bonus is in line to that. Acts to motivate staff.
Bonus – motivate staff to meet target, creates loyalty to the workplace and raise productivity
Profit sharing – Maslow; belonging. United workers and shareholders as they want business to improve as creates benefits for them. Only small share isn’t the most successful motivator tool
Commission – pay for each unit produced links to Taylor. Produce more get more pay.

Non-financial incentives