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Retention is how a business keeps its workers, financial and non-financial methods are used to retain staff and motivate them to want to stay.
Member rating: No Rating | Words: | Submitted: Tue Sep 16 2003
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Retention Retention is how a business keeps its workers, financial and non-financial methods are used to retain staff and motivate them to want to stay. Methods of retention Payment Systems Pay is a method used for motivating staff, it can be used to give employees incentives and encourage them to work harder and more efficiently. Different payment systems have been devised to pay and motivate different types of workers. Wages are usually paid on an hourly or weekly basis in return for the labour provided by the employee. Wages tend to be paid to manual workers e.g. building site labourers and production works. Time Rate is when an employee is paid for the amount of time they work by the hour or by the day. This method of pay encourages workers to work for longer, however, they are paid the same amount per hour regardless of how good their work is or how hard they work. Piece...
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