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Spec point: 3.2.1 People management

Every note that covers this specification point.

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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