MGCR 222 Chapter Notes - Chapter 6: Scientific Management, Job Rotation, Job Design
10 Mar 2013
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Yes, if: satisfies needs, highly desirable, linked to performance, do not ignore intrinsic motivation. White collar jobs (often offer few objective performance criteria to which pay can be tied: merit pay plans systems that attempt to link pay to performance on white collar-jobs. Pay secrecy not knowing how much other is paid. Restriction on productivity: artificial limitation of work output that can occur under wage incentive plans. Pay for performance using pay to motivate teamwork. Profit sharing the return of some company profit to employees in the form of a cash bonus or a retirement supplement. Employee stock ownership plan (esops) incentive plans that allow employees to own a set amount of a company"s share and provide employees with a stake in the company"s future earnings and success. Gain sharing - a group pay incentive plan based on productivity or performance improvements over which the workforce has some control.
