COMMERCE 1BA3 Chapter Notes - Chapter 6: Profit Sharing, Motivation, Telecommuting
8 Apr 2018
School
Department
Course
Professor
Document Summary
Management by objectives: elaborate, systematic, ongoing program designed to facilitate goal establish, goal accomplishment, and employee development. Money as a motivator: need & expectancy theories. If high valent due to needs it can meet money can motivate if clearly tied to performance. Merit pay can improve performance, but many merit pay systems are. Merit pay plans have several potential problems if not managed carefully: ineffective. Contingent pay only works for routine tasks. Ethics: contingent pay & cooking the books. Each of following plans has a different motivational focus: The motivating potential score (mps) of a job is calculated using the. Mps = variety (skill) + identity (task) + significance (task) x autonomy x following formula: Jobs that are high in motivating potential do not always lead to favourable. Three moderator or contingency variables intervene between job outcomes. characteristics and outcomes: Increasing mps of jobs via the arrangement of their core job characteristics. Some of the most common flexible work arrangements:
