SMO301 Chapter Notes - Chapter 6: Expectancy Theory, Job Performance, Highscope

• School: University of Alberta
• Department: Strategic Management and Organization
• Course: SMO301
• Professor: Richard Field

Document Summary

Using pay to motivate teamwork: plans are designed to foster cooperation and teamwork, generally more effective for smaller teams. Employees receive a cash bonus based on company profits. Employees can own a set amount of company"s shares. Sense of ownership align goals with organization. Sense of legal and psychological ownership, align goals with the organization. External factors may affect profits, ineffective for large organizations. Economy can affect share values, ineffective for large organizations, stocks can decline. Bonus may be paid even when bonus is shared with employees cooperation, align goals with the organization. Employees are paid according the number of job skills they acquire. Encourage employees to learn new skills, flexibility in task assignment. Job design as a motivator organization doesn"t make a profit, objectives not included in the formula may be neglected. Increase cost of training, labour cost can increase as employees become more skillful. Identify characteristics that make tasking more motivating (intrinsic motivation)