COMMERCE 1BA3 Lecture Notes - Lecture 9: Motivation, Profit Sharing, Merit Pay
8 Apr 2018
School
Department
Course
Professor
Document Summary
Elaborate, systematic, ongoing program designed to facilitate goal establish, goal accomplishment, and employee development. Providing feedback -> performance appraisal -> define organizational goals -> define. Employees objectives -> continuous monitoring performance and progress -> Lacks top management commitment - to a time-consuming and elaborate process. Overemphasizes measurable objectives at the expense of qualitative objectives. Money as a motivator: need & expectancy theories. Signal that may satisfy social, self esteem and self actualization needs. If high valent due to needs it can meet money can motivate if clearly tied to performance. Piece rate : money for each unit of production. Wage incentive plans: schemes to link pay to performance on production jobs. Not as many organizations use wage incentives as you might expect. Objective indicators of performance on white collar jobs are often difficult to find. Performance in many such jobs is evaluated by the subjective judgement of the.
