PSYCH 338 Chapter Notes - Chapter 6: Human Factors And Ergonomics, Telecommuting, Job Design
17 Nov 2016
School
Department
Course
Professor
Document Summary
Pay as motivational to people who have strong lower level needs. Financial incentives and pay for performance plans have been found to increase performance, and decrease turnover. Piece rate a pay system in which individual workers are paid a certain sum of money for each unit of production completed. Wage incentive plans various systems that link pay to performance on production jobs. Restriction of productivity the artificial limitation of work output that can occur under wage incentive plans. Linking pay to performance on white collar jobs: Merit pay plans systems that attempt to link pay to performance on white collar jobs. Small increases: lump small bonus merit pay that is awarded in a single payment and not built into base pay. Profit sharing the return of some company profit to employees in the form of a cash bonus or a retirement supplement: works best in smaller firms.
