MSCI211 Lecture Notes - Lecture 6: Motivation, Job Performance, Profit Sharing
28 Jul 2017
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Document Summary
Lecture 6: motivation applications (06-12-17: financial rewards include membership/seniority-based rewards and performance rewards. The variable portion of compensation packages is solely based on performance. There may be unintended consequences (distortions, menipulations: employee recognition is an inexpensive way to strengthen performance-reward links. There is a weak connection between individual effort and rewards (atomic influences on profit, stock prices, etc. : reward amounts are affected by external forces. Link rewards to performance (employees are motivated when there is a perceived strong relationship between performance and rewards) If merit-based, assure employees find the performance evaluation system fair. Intrinsic motivation means engaging in an activity for its own sake (pure enjoyment of a task): providing an extrinsic reward for behaviour that has been previously only intrinsically r4ewarding tends to decrease intrinsic motivation. The overall effect of an external reward on intrinsic motivation depends on whether the reward"s controlling or informational aspect is stronger.
