Textbook Notes (369,133)
Canada (162,403)
MGTA01H3 (583)
Chapter 10

Chapter 10 Notes.

4 Pages
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Department
Management (MGT)
Course Code
MGTA01H3
Professor
Chris Bovaird

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Management notes- Chapter 10 Psychological contract: The set of expectations held by an employee concerning what he or she will contribute to an organization, and what the organization will provide the employees ( inducements) in return. -If either side perceives inequity in the contract, that party may seek a change. -If it is created, managed and maintained well, workers are more likely to be motivated. >Employee may look for another job, employer may re. >Psychological contracts has become harder to due to the changing market. Job security in todays workforce is less likely, therefore, other inducements must be made to cover up the gap. Human relations: Interactions between employers and employees and their attitudes toward another. >Under valued employees may perform under capabilities or leave for a better job. Importance of Job Satisfaction and Morale Job satisfaction: The degree of employment that people derive from performing their jobs. If people enjoy their job, they are relatively satised. -Higher satisfaction lead to higher morale Morale: The overall attitude that employees have toward their workplace. It reects the degree to which they perceive that their needs are being met by their jobs. >It is determined by many things such as job satisfaction, and satisfaction with things such as pay, benets, co-workers, and promotion opportunities. -Satised workers are more likely to work hard and try to make useful contributions to the organization. They are also less likely to engage in negative behaviours (e.g complaining) -Satised workers also decrease absenteeism and results in a lower turnover. Turnover: The percentage of an organizations workforce that leaves and must be replaced. >Low turnovers are natural, however, high percentage may have negative consequences, including numerous vacancies, disruption in production, decreased productivity, and high retraining costs. >The avg turnover rate in Canada was 8% in 2005 up from 6.6% in 2004 Motivation in the Workplace Motivation: The set of forces that causes people to behave in certain ways. >A very critical part to a rms success. Therefore, managers must understand the differences in employee behaviour and the reasons for them. Many theories have been developed to adress the issues of motivation. The three major approaches to motivation are: classical theory and scientic management, behavior theory, and contemporary motivation theories. Class Theory of motivation: The only way to motivate workers is by money. -Over the years has been proven to be wrong. www.notesolution.com
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