MHR 505 Chapter Notes - Chapter 6-8: Job Enrichment, Job Satisfaction, Team Dynamics
12 Jun 2017
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Money relates to needs, emotions and self-(cid:272)o(cid:374)(cid:272)ept: (cid:862)mo(cid:374)e(cid:455) is p(cid:396)o(cid:271)a(cid:271)l(cid:455) the (cid:373)ost e(cid:373)otio(cid:374)all(cid:455) meaningful object in contemporary life: only food and sex are its close competitors as common carriers of su(cid:272)h st(cid:396)o(cid:374)g a(cid:374)d di(cid:448)e(cid:396)se feeli(cid:374)gs, sig(cid:374)ifi(cid:272)a(cid:374)(cid:272)e, a(cid:374)d st(cid:396)i(cid:448)i(cid:374)gs. (cid:863) Money is symbol of achievement, respect and power; these behaviours towards money influence ethical conduct, organizational citizenship, etc. Men view money as symbol of power and status; men attach more importance to money than do women. Higher pay, higher job performance because feel more valued in organization. Potentially attract job applicants (desire predictable income) and reduce turnover. Discourage poor performers from seeking work better suited for their abilities. Rewards can be golden handcuffs: they discourage employees from quitting because of deferred bonuses or generous benefits that are not available elsewhere. Weaken job performance because they generate continuance, not affective commitment. Job evaluation: systematically rating the worth of jobs within an organization by measuring their required skill, effort, responsibility, and working conditions.
