BUS 272 Chapter Notes - Chapter 5: Job Design, Job Rotation, Job Enrichment

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 272
• Professor: Lieke Brummelhuis

Document Summary

Lecture 4: motivation in action personality & emotions. If employees are motivated, they perform better and will stay with the company. Variable pay program: (cid:271)ases a portio(cid:374) of a(cid:374) e(cid:373)ployee"s pay o(cid:374) so(cid:373)e i(cid:374)di(cid:448)idual, group a(cid:374)d /or organizational measure of performance. Piece-rate wages: compensating production employees with a fixed sum for each unit of production completed (etc. Merit-based pay: based on performance appraisal ratings, bigger raises if performance is higher. Bonuses: one-time rewards for recent performances skill-based pay: pay levels on basis of how many skills employees have or how many jobs they can do, increases flexibility of workforce. Gainsharing: improvements in group productivity determines the amount of money to be shared. (etc. if production improved by 20% using same amount of hours from last month, entire group gets a bonus) Profit-sharing plans: distri(cid:271)utes (cid:272)o(cid:373)pe(cid:374)satio(cid:374) (cid:271)ased o(cid:374) for(cid:373)ula depe(cid:374)di(cid:374)g o(cid:374) (cid:272)o(cid:373)pa(cid:374)y"s profita(cid:271)ility. Stock ownership plan and stock options: employees acquire stock as part of their benefits.