Management and Organizational Studies 4485F/G Study Guide - Balanced Scorecard, Expected Return, Agency Cost
6 Dec 2012
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Document Summary
Chapter 9 recognizing employee contributions with pay. Online calculator to simplify the bonus incentive program. Communication illustrating transparency in the firm, and showcasing the costs of benefits vs. the company"s profits. Most employees compare their own pay with that of others. Inequity may cause employees to try and find a solution (quit, lack of cooperation) High performance followed by reward makes it more likely in the future: high performance followed by reward, diminishes that effect, only reward when performance is achieved, or results are missed. The theory that says motivation is a function of valence, instrumentality and expectancy. Focuses on effects when they are offered by the organization. Valence perceptions are value of rewards offered versus behaviours expected by organization. Motivation is function of expectancy (link between effort and performance: and instrumentality (perceived link between behaviours and pay) Expectancy perceptions often have more to do with job design and training than pay systems.
