MGMT 3276 Study Guide - Final Guide: Job Rotation, Absenteeism, Job Enrichment

• School: Mount Royal University
• Department: Management
• Course: MGMT 3276
• Professor: Margaret M.Brown

Document Summary

Relates to our needs, emotions, and self- concept. Influences our tendency to make ethical or risky decisions. People have strong money ethic when they believe that: money is not evil, money should be budgeted carefully, encourages employees to buy shares in company. Share options: gives employees the right to buy company shares at a future date at a predetermined price. Profit-sharing plan: pays bonuses to employees on the basis of the previous year"s corporate profit. If company goes bankrupt, nest egg of employees is lost. 1) rewards attract job applicants reduce turnover discourages poor performers from leaving. Include job evaluation (rating the worth of the job) Team rewards (when individual performance can"t be evaluated: gainsharing: team based rewards system calculated from the department"s cost reductions/savings & productivity improvement. Employee share ownership plans (esops: link rewards to performance. Employees with better performance should be rewarded more than those with weak performances. Job design the process of organizing & structuring a job.