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BUS 272 (246)
Chapter 5

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Department
Business Administration
Course
BUS 272
Professor
Christopher Zatzick
Semester
Winter

Description
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 
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