MAN 3025 Chapter Notes - Chapter 8: Employee Stock Ownership Plan, Guanxi, Performance Appraisal
10 Nov 2020
School
Department
Course
Professor
Document Summary
Variable-pay program a pay plan that bases a portion or all of an employee"s pay on some individual and/or organizational measure of performance; it can either be optional for the employee or an accepted condition of employment. Examples include piece-rate, merit-based, bonus, profit-sharing, and employee stock ownership plans. Guanxi specific, personal connections between subordinates, supervisors, and coworkers. Secrecy plays a role in the motivational success of variable-pay plans; pay secrecy has a detrimental effect on job performance and adversely affects high performers. Increases employee satisfaction and innovation: esops for top management can reduce unethical behavior. Can accommodate differences in employee needs based on age, marital status, Flexible benefits a benefits plan that allows each employee to put together a benefits package tailored to his or her own needs and situation partner"s benefits status, and number and age of dependents. Employee recognition programs a plan to encourage specific employee behaviors by formally appreciating specific employee contributions.
