BUS 272 Chapter Notes - Chapter 5: Employee Stock Ownership Plan, Flexible Spending Account, Alfie Kohn

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 272
• Professor: Zorana Svedic

Document Summary

Satisfying needs for food, shelter, and safety (maslow) Necessary but not sufficient for individuals to be motivated (herzberg) If money is what an individual value, it (cid:449)ill (cid:271)e (cid:373)oti(cid:448)atio(cid:374)al, other(cid:449)ise it (cid:449)o(cid:374)"t (expectancy theory) People who highly value money score higher on attributes, eg sensation seeking, Leads to autonomy (cid:271)ut does(cid:374)"t add to (cid:449)ell-being or happiness competitiveness, materialism, control, self-esteem, and need for achievement. Men seems to value money more than women. Internal equity: the worth of the job to the organization (job evaluation) External equity: the e(cid:454)ter(cid:374)al (cid:272)o(cid:373)petiti(cid:448)e(cid:374)ess of a(cid:374) orga(cid:374)izatio(cid:374)"s pa(cid:455) relati(cid:448)e to pa(cid:455) elsewhere in its industry (pay surveys) Trade off: higher pay higher productivity, but higher price of products. Only as valid as the performance ratings, and fluctuates based on economic or other (cid:272)o(cid:374)ditio(cid:374)s that ha(cid:448)e little to do (cid:449)ith a(cid:374) i(cid:374)di(cid:448)idual e(cid:373)plo(cid:455)ee"s perfor(cid:373)a(cid:374)(cid:272)e. Gender, and racial discrimination in pay (tend to favor males)