MGT262H5 Chapter Notes - Chapter 6: Merit Pay, Employee Stock Ownership Plan, Profit Sharing
Document Summary
Money employee"s receiver for organization membership can be made up of pay and fringe benefits. Pay is in fact a very important motivator. Pay especially should be high value motivator for those who have lower level needs. Way to link pay to motivation is through piece-rate pay systems. Piece-rate 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. Compared with hourly pay, wage incentives usually increase productivity. Differential opportunity threat to people who have different. Lowered quality increased productivity may sacrifice quality due to. Faster production opportunities (i. e. those who cannot work as fast perhaps due to physical impairment) Reduced cooperation people may think jobs are split unfairly to benefit some to produce more. Incompatible job design it is hard to identify individual performance in an assembly line scenario.
