Money is a useful tool for motivating employees, but results can be mixed and unexpected, including the advantage of boosting production and the disadvantage of encouraging possibly unethical behavior. It is wise to research all the possible results for a particular policy before implementing it.Know More
For example, with bonuses based on productivity, employees will accomplish more and meet higher quotas if they know they will receive additional pay. However, they may take shortcuts and produce lower-quality work because they are focused more on quantity.
Another example is that if money is used as a motivator for referrals, employees are more likely to recommend the company to their friends and family who are looking for a job. This could increase the number of applications received. However, the referred applicants may not be as qualified for the jobs as other applicants.Learn more about Managing a Business
Money itself has very little or no actual value. The value of money is tied to the belief of those exchanging money that the money may be exchanged for goods or services.Full Answer >
To view a Walmart pay stub, employees must log in to their account on the Walmart One associate site and click on the "Money" tab, then on the "View Pay Stub" link. Walmart One keeps track of all of the payments made to all registered Walmart associates, as stated by the Walmart corporate website.Full Answer >
To announce a business closure or liquidation, notify the employees, suppliers and customers by letter, explains the Houston Chronicle. Business closure letters are signed and dated by the owners or top executives. They include the date of the closure and the reason the business is closing its doors.Full Answer >
Good communication skills allow managers to establish rapport with employees, convey goals and expectations effectively and diffuse stressful workplace scenarios. Communication includes not only speaking to employees, but listening to them as well.Full Answer >