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Revision: People

Human resources (people) is the business function responsible for recruiting, training, supporting, and managing employees. Its purpose is to ensure the business has the right people with the right skills and motivation to meet its objectives. Effective people management improves productivity, employee satisfaction, and staff retention.

People

Job Empowerment

Job Empowerment in a Nutshell Job empowerment is a motivational strategy where managers give employees the authority to make decisions about their own work without seeking approval first. It increases autonomy, can…

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People

Job Enrichment

Job Enrichment in a Nutshell Job enrichment is the process of redesigning a role to include more challenging, meaningful, and autonomous tasks, increasing an employee’s sense of responsibility and achievement. It is…

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People

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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People

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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People

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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People

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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People

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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People

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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People

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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People

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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People

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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People

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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