MHR 505 Lecture Notes - Lecture 8: Job Satisfaction, Work Unit, Job Rotation

• School: Ryerson University
• Department: Human Resources
• Course: MHR 505
• Professor: Frank Miller

Document Summary

Rewarding people with money is the oldest and most widespread applied performance practice. Money means different things to people: can mean symbol of success, reienforcer and motivator, reflection of performance, source of less/more anxiety. Differences in meaning of money by gender and culture. Advantages: guaranteed wages may attract job applicants, seniority-based rewards reduce turnover. Disadvantages: doesn"t motivate job performance, discourages poor performers from leaving, may act as golden handcuffs (tie people to the job) Job evaluation is rating the worth of jobs within an organization by measuring required skill, effort, responsibility and working conditions. Advantages: job evaluation tries to maintain fairness, motivates competition for promotions. Disadvantages: employees exaggerate duties, hoard resources, reinforces status, encourage hierarchy, might undermine cost-efficiency and responsiveness. Skill-based pay- pay increases with skill modules learned. Advantages: more flexible work force, better quality, consistent with employability. Gainsharing plans: form of team-based rewards that calculate bonuses from the work unit"s cost savings and productivity improvement.