MANA 298 Lecture Notes - Job Rotation, Job Enrichment, Telephone Switchboard

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21 Apr 2014
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It comprises of all rewards that have monetary value. (i) Fixed amounts per month or year for performing a role; these are common for most managerial positions (e. g. accountant, payroll manager) (ii) Pensions: when you retired you get some reward. Pay based on time worked; very common in small businesses where employees are paid per hour. Pay per item produced becoming less common. Payment based on the value of sales achieved. E. g. bonuses for achieving targets (vii) contingent pay. Additional financial reward may be provided that are related to performance, competence, contribution. They are those that focuses on the needs of people have to varying degree for recognition, achievement, responsibility, autonomy, influence and personal growth. (i) Job enlargement involves adding extra, similar, tasks to a job. In job enlargement, the job itself remains essentially unchanged. However, by widening the range of tasks that need to be performed, hopefully the employee will experience less repetition and monotony.

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