List two distinct methods that use money to motivate employees. Think of things like extra payments, performance-related pay, or other monetary rewards.
Full Answer
Financial methods of motivation are strategies that use monetary rewards to encourage employees to perform well. These methods directly link performance to financial gain. Common examples include:\n- **Bonus:** A one-off payment for meeting a target or for good performance.\n- **Commission:** A percentage of the sales value paid to a salesperson.\n- **Profit Sharing:** A scheme where employees receive a share of the business's profits.\n- **Piece Rate:** Paying workers for each item they produce.
Common mistakes
✗ Listing non-financial methods like job rotation or praise. The question specifically asks for *financial* methods.\n✗ Listing two very similar methods, for example "higher salary" and "higher wages".
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