Textbook Notes (368,318)
Canada (161,798)
BUS 272 (246)
Chapter 5

Chapter 5.docx

1 Page
Unlock Document

Business Administration
BUS 272
Christopher Zatzick

Chapter 5 Motivation in Action Providing the Cash-­­Flow 
Variable Pay Program is where a portion of the employees pay is based on performance Individual Based Incentives Piece Rate Pay Plan is when you’re paid a fixed sum for each unit of production completed Merit Based Pay is based on performance appraisal
 Bonuses is when one is rewarded for recent performances opposed to historical
 Skill Based is based on how many skills employees have or how many jobs they have Group Based Incentives
 Gainsharing is when improvements in-­­group productivity determine the amount of money shared Organizational Based Incentives Profit Sharing Plans are where employers share profit with employees based on a formula Employee Stock Ownership Programs are where employees acquire stocks as part of benefits Problems with Incentives Pay
 Puts employees into competitive positions
 Unions get in the way as it is based on seniority and job categories
 Public sector employees that are working for local, provincial, and federal government Ethical considerations Developing Benefit Packages
 Flexible Benefits are when employees are allowed to tailor their own packages Employee Recognition Programs.  Remember that Motivation Theories are Culture-­­Bound  Giving Performance Feedback is important 
More Less

Related notes for BUS 272

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.