MGCR 222 Lecture Notes - Lecture 6: Equity Theory, Performance Appraisal, Performance Management

• School: McGill University
• Department: Management Core
• Course: MGCR 222
• Professor: Ferguson

Document Summary

Motivation: forces within the individual that account for the level and persistence of an effort expended at work. Employee value proposition (evp): what the organization offers the employee in return for his or her work contribution. Value offered by individual effort, loyalty, commitment, creativity and skills. Value offered by employer pay, benefits, meaningful work, flexibile schedule and personal development opportunities. Person-job fit: the extent to which an individual"s values, interests and behaviors are consistent with the culture of the organization. Poor fit: increase imbalance which will creep to evp. A true appreciation for diversity and individual differences. Ability to make rewards for good work truly meaningful. Performance influenced by individual attribute such as ability and experience. Reinforcement: performance contingency and immediacy in determining how rewards affect future performance. Equity theory: influence on behavior of the perceived fairness of rewards. Content theories: insight into individual needs that can give motivational value to the possible rewards.