BUS 2090 Chapter Notes - Chapter 6: Job Rotation, Job Design, Job Sharing
16 Aug 2016
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Motivation in practice (1) 6. 1 pay performance vs. The piece rate is a pay system in which individual workers are paid a certain sum of money for each unit of production completed. Wage incentive plans are various systems that link pay to performance on production jobs. Merit pay plans are systems that attempt to link pay to performance on white collar jobs. Managers required to evaluate performance, using these managers can recommend merit be paid. These are used more often than wage incentive plans. Problems include low discrimination, putting managers into difficult positions. There are small increases, to overcome this lumpsum bonuses occur which is merit pay that is awarded in a single payment and not built into base pay. There is also the concept of pay secrecy surrounding salaries. (3) 6. 3 using pay to motivate teamwork. Profit sharing is the return of some company profit to employees in the form of a cash bonus or retirement supplement.
