BUS 272 Chapter Notes - Chapter 6: Job Rotation, Job Enrichment, Job Design
4 Mar 2016
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Oldest & widespread ways to reward someone in return for their skill, knowledge, labour. Meaning of money varies from person to person, and through cultures. Some find it"s a symbol for status & prestige, others associate anxiety w/ it. We study money b/c it influences employee motivation, emotions & shapes/represents an employee"s self-concept. Which is important info when employees need to distribute financial rewards. Financial rewards organized in 4 objectives: membership & seniority, job status, competencies, performance. Membership & seniority based rewards (largest part of paycheque) Reward employees based on just being part of the organization (membership-based) & how long they"ve remained (seniority-based) ex. Attracts applicants but don"t help in improving job performance b/c creates continuance commitment not affective commitment. Job status based rewards (based on outcomes, bias of evaluator can be a problem) Rewards based on the difficulty, more responsibility, working conditions of the job being performed. Level of difficulty determined through job evaluations: (rating the worth of jobs)
