RSM260H1 Chapter Notes - Chapter 6: Job Sharing, Job Design, Motivate (Company)
Document Summary
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: usually leads to substantial increases in productivity. Problems with wage incentives lowered quality: quality issue can decline when motivating people to work faster in jobs that require people processing: e. g. customer interviews. Linking pay to performance on white collar jobs. White collar jobs (clerical, profession, managerial) offer fewer objective performance criteria to which pay can be tied. Merit pay plans: systems that attempt to link pay to performance on white collar jobs: merit pay is rewarded based on managers" evaluation of their employees" performance, have become one of the most common forms of motivation. Employees receive a cash bonus based on organization profits. Employees can own a set amount of the organization"s shares.
