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By the end of this chapter, you should be able to:
➔ Describe the following motivation theories:
● Taylor
● Maslow
● Herzberg (motivation –hygiene theory)
● Adams (equity theory)
● Pink
➔ Explain the following types of financial rewards:
● salary
● wages (time and piece rates)
● commission
● profit-related pay
● performance-related pay (PRP)
● employee share ownership schemes
● fringe payments (perks)
➔ Define the following types of non-financial rewards:
● job enrichment
● job rotation
● job enlargement
● empowerment
● purpose/the opportunity to make a difference
● teamwork
➔ Discuss how financial and non-financial rewards may affect job
satisfaction, motivation and productivity in different cultures