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Management and Organizational Studies 1021A/B Lecture : MOS HR Part 3 Textbook Notes

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erindog461
24 Apr 2012
School
Western University
Department
Management and Organizational Studies
Course
Management and Organizational Studies 1021A/B
Professor
James O' Brien

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MOS 1021A/B Full Course Notes
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MOS 1021A/B Full Course Notes
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Document Summary

Direct compensation: employee wages, incentives, bonuses, commissions. Indirect compensations: benefits supplied by employers and nonfinancial compensation (rewarding jobs, flexible hours) Direct and indirect compensation are called total compensation or total rewards approach . Manufacturing firms compensation is as low as 20% of operating costs where in service enterprises, it often exceeds 80% Compensation is structured in ways that enhance employee motivation and growth. Employees will find ways of rewarding themselves (taking a sick day, longer breaks) if they feel their efforts are not being acknowledged. Pay for performance standard: standard by which managers tie compensation to employee effort and performance. Equity theory is a motivation theory that explains how employees respond to situations in which they feel they have received less (or more) than they deserve. Individuals form a ratio of their inputs in a situation to their outcomes in that situation and then compare the value of that ratio with the value of the input/output values for other individuals.

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Related Questions

Which of the following is not a common reason why incentives may fail to motivate employees?
a) Sometimes there is too much emphasis on monetary rewards.
b) The incentive plan is based on clear and realistic goals.
c) Incentives may be extensive, but employees feel entitled to them as part of the job.
d) There may be too long a delay between performance and rewards.
e) One-shot rewards (such as half a day off) may have a short-lived motivational impact.
In Equity theory, employees are motivated to _____. 
A.resolve feelings of injustice and see fairness in the rewards they expect for task performance
B. work harder when they have more freedom
C. correct themselves when they aren't working hard enough
D. blame others when they miss work or fail at tasks
E. work just hard enough to get what they want

14. Which of the following is NOT a specific human resource management practice associated with company performance? a) Analysis and design of work b) Recruiting c) Performance d) Motivation e) Employee and labour relations