MGHD27H3 Chapter 6: Chapter 6

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22 Dec 2010

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Pay is important as it can fulfill lower-level needs as well as higher level needs such as social and self-esteem. L ink ing pay to performance on production jobs. Piece-rate a pay system in which individual workers are paid a certain sum of money for each unit of production completed. Wage incentive plans various systems that link pay to performance on production jobs. Lowered quality for example a toy factory, more toys would be made so that employees can earn more yet they no longer have quality as their top priority. Reduced cooperation may reduce the cooperation between workers when the pay systems reward individuals. Incompatible job design where wage incentives may be better suited to reward group productivity rather than individual performance: however as the team increases then the pay would decrease even though there would be an increase of productivity. L ink ing pay to performance on white-collar jobs.

Related Questions

Which of the following is not a common reason why incentives may fail to motivate employees?

a) Sometimes there is too much emphasis on monetary rewards.

b) The incentive plan is based on clear and realistic goals.

c) Incentives may be extensive, but employees feel entitled to them as part of the job.

d) There may be too long a delay between performance and rewards.

e) One-shot rewards (such as half a day off) may have a short-lived motivational impact.

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32) Which of the following best describes the term gross domestic product? a) total value of all goods and services produced within a given period by a national economy through domestic factors of production total quantity of goods and services produced by an economic system conditions of the economic system in which an organization operates total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system total value of all goods and services produced by a national economy within a given period regardless of where the factors of production are located

MGHD27H3 Chapter 6: Chapter 6

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