COMMERCE 1BA3 Lecture Notes - Lecture 5: Job Design, Human Capital, Job Enrichment
25 May 2016
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Document Summary
Alderfer"s erg theory workers with high existence needs will be more interested in money. Expectancy theory pay satisfies a number of needs high valency. Piece-rate: basic technique of pay to performance link. Wage incentive plans: various systems that link pay to performance. Reduced cooperation: playing the numbers game, competitive environment. Restriction of productivity: reductions in the workforce, lowered rate. Could lead to rater error small increases lump sum bonus pay secrecy invent other salaries underestimates boss" pay, overestimate peers" pay lower pay satisfaction due to above unethical behaviour target-based incentive. Team level: profit-sharing, employee stock ownership plans, gain- sharing, skill-based pay. Stricture, content, and configuration of a person"s work tasks and roles. The goal: making jobs stimulating, challenging ,and meaningful. Scientific management little to no intrinsic motivation. Alderfer"s erg: growth need is satisfied by high-scope jobs. Job rotation: rotation of employees to different tasks or jobs. Skill variety: opportunity to use various skills and talents.
