An Employee Share Ownership Trust (ESOT) is a trust set up by a UK company to acquire and distribute company shares to its employees, benefiting both the employees and the company through tax-deductible payments.
Gain sharing is an employee motivational technique where compensation is provided for measurable performance gains in areas such as sales, customer satisfaction, and cost reductions. This compensation is often awarded to employee teams for achieving specified goals.
Job rotation involves moving an employee periodically from one job to another. The primary purposes are to offer comprehensive organizational experience as a training process and to mitigate boredom resulting from repetitive job tasks.
Job satisfaction refers to the sense of inner fulfillment and pride achieved when performing a particular job. It occurs when an employee feels that they have accomplished something of importance and value worthy of recognition, and experience a sense of joy.
Management by Walking Around (MBWA) is an innovative management technique that emphasizes informal communication, direct engagement, and real-time observation in the workplace. The objective of MBWA is to foster a harmonious organizational culture, ensuring effective collaboration between management and employees while keeping management informed of the latest operational developments.
Morale is the collective feeling or attitude in a workgroup that significantly impacts motivation and goal achievement. A high morale typically results in increased productivity and a positive work environment.
Theory Y posits that, under the right conditions, the average employee finds work to be a source of satisfaction, will exercise self-direction towards goals they are committed to, seeks responsibility, and is inherently creative. This theory contrasts with Theory X's more negative view of employee motivation and behavior.
