Sources of Finance
Sources of Finance in a Nutshell Sources of finance refer to the different ways a business can raise money to fund its operations, growth, or start-up costs. These include internal options like…
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10 min
Notes by Nick Holmes
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Delegation
Delegation in a Nutshell Delegation is the process of a manager assigning tasks, responsibility, and a degree of authority to a subordinate. The manager remains accountable for the outcome, but the subordinate…
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9 min
Fringe Benefits
Fringe Benefits in a Nutshell Fringe benefits are non-wage rewards that employers offer on top of a salary, such as company cars, health insurance, or gym memberships. They help businesses attract and…
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9 min
Employee Shares
Employee Shares in a Nutshell Employee shares are portions of ownership in a company that are given or sold to workers, often at a discounted price. They are used to motivate staff,…
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9 min
Performance-related Pay
Performance-related Pay in a Nutshell Performance-related pay (PRP) is a compensation system where part or all of an employee’s earnings depend on meeting specific targets or performance criteria. It is designed to…
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9 min
Commission Pay
Commission Pay in a Nutshell Commission pay is a method of remuneration where an employee earns money based on the volume or value of sales they generate. It can form all or…
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9 min
Piece-rate Pay
Piece-rate Pay in a Nutshell Piece-rate pay is a payment system where workers are paid a fixed amount for each unit they produce, rather than receiving an hourly wage or salary. It…
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9 min
Non-financial Motivation
Non-financial Motivation in a Nutshell Non-financial motivation refers to methods of encouraging employees that do not involve direct monetary payment. These include job enrichment, team working, praise, promotion opportunities, and flexible working.…
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9 min
Financial Motivation
Financial Motivation in a Nutshell Financial motivation refers to the use of monetary rewards to encourage employees to work harder or remain loyal to a business. Common methods include wages, salaries, bonuses,…
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10 min
Herzberg’s Two-Factor Theory
Herzberg’s Two-Factor Theory in a Nutshell Herzberg’s two-factor theory argues that job satisfaction and job dissatisfaction are caused by separate sets of factors. Motivators such as recognition and achievement drive satisfaction, while…
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9 min
Maslow’s Hierarchy of Needs
Maslow’s Hierarchy of Needs in a Nutshell Maslow’s hierarchy of needs is a five-level motivational theory. It states that people must satisfy basic needs, such as food and safety, before they can…
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10 min
Taylor’s Scientific Management
Taylor’s Scientific Management in a Nutshell Taylor’s scientific management is a theory that proposes there is one best method for completing each task, discovered through systematic observation and measurement. Workers are then…
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9 min