COMMERCE 1BA3 Lecture Notes - Lecture 6: Employee Stock Ownership Plan, Blue-Collar Worker, Motivation
13 Jun 2016
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Document Summary
80/20 rule is a rule to boost intrinsic motivataion. 80% of you work should be devoted to your department or work in general the 20% you can do whatever you want, but it has to be work related, and you can start your own project. Basic hourly wage+ piece rate, group incentives increases productivity potential problems lowered quality quality vs. quantity differential opportunity different opportunities, different expectancies, some may be able to work faster than others and others may work slower than others. Some may be working hard and others may be depending on the hard working people and will not pull int heir weight. As soze of team gets bigger, relationship between performance and individual level outcomes becomes blurry restriction of productivity if there is no wage incentive, productivity would be lower. Small inreases lump sum bonus rather than paying 50 a month, pay them.
