BUS 272 Chapter Notes - Chapter 6: Employee Stock Ownership Plan, Pension, Job Satisfaction
15 Mar 2016
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Document Summary
Economic exchange: employees provide their labour, skill, and knowledge in return for money and beneits from the organizaion. Money fulills our needs, inluences emoions, and shapes our self concept. It is a symbol of achievement, status, and a moivator that reduces anxiety. Tool: instrument for acquiring other things of value. Strong money ethic: when people believe that money is not evil and that it symbolizes achievement, respect, power, and that it should be budgeted carefully. Men view money as power and status, where women value it in terms of things it could be exchanged for. Men atach more importance to money than women. High power distance: high respect and priority for money. Egalitarian culture: discouraged from openly talking about money. Moivaional efect: higher pay, higher job performance, symbolic value. Pay for pulse rewards represent the largest part of most paycheques. Some beneits are provided equally to everyone, but others increase with seniority.
