HRM 3490 Lecture Notes - Lecture 1: Operating Expense, Reward System, Total Rewards

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They derive from factors that surround the job such as pay, supervisory behavior, co-workers, and general working conditions. Intrinsic rewards- satisfy higher-level needs for self-esteem, achievement, growth and development. They derive from natural factors in the work itself such as the amount of challenge/interest the job provides, the degree of variety in the job and the extent to which it provides feedback and allows autonomy. Incentives: rewards are the positive consequences of performing behaviors desired by the organization, employees receive these rewards either subsequent to performing the behavior or during performance of the behavior. Incentive- is a promise that a specified reward will be provided if the employee performs a specified behavior. Offered to induce employees to perform behaviors that thy might otherwise perform, or to perform these behaviors at a higher level. Incentives are intended to induce valued behavior, while rewards serve to recognize valued behavior.

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