1. Sort it out… Sort the cards out in to two headings: Financial
Non-financial

2. Learning Objectives TOPIC: Topic 2: Human Resources
LESSON TITLE: Financial Vs Non-financial Rewards
COMPETENCY FOCUS:
Research (I1): you will develop your skills in research as throughout this topic, you will need to research the role of human resource in HRM, the different job roles that exist within an organisation and also the recruitment & selection documentation that the organisation uses to help recruit the right people for their vacant job roles.
[IB Learner Profile Development: Inquirers]
Learning Objectives
By the end of the lesson, you should be able to…
LO1) Distinguish between financial and non-financial motivation
LO2) Explain the different types of motivation and their effect on employees
LO3) Evaluate how financial and non-financial rewards can affect employee motivation.
SMSC: You will assess the organisational culture of businesses in terms of fundamental structure, purpose and strategy development.
CRITICAL THINKING KEY:
Knowledge Application Analysis Evaluation

3. Financial Vs Non-financial
FINANCIAL REWARDS
NON-FINANCIAL
Hourly Wage Rate
Job Enlargement
Piece Rate
Job Enrichment
Salary
Team working
Commission
Empowerment/Delegation
Performance-relate Pay (PRP)
Profit-related Pay
Employee Share-ownership Schemes
Fringe Benefits

4. Research Task
Research each of the methods of ‘financial’ and ‘non-financial’ rewards. Complete a master table like the one below:
Type of Reward
Main Features
Advantages
Drawbacks
I.e. Hourly Wage

5. Exam Practice
Complete the ‘Revision Activity’ on Pg. 155 [32marks, 60mins]

6. Reflection
Reflect on what you have learnt this lesson. What do you need to know more about?