ADMS 3490 Chapter Notes - Chapter 1: Reward System, Operating Expense, Merit Pay
4 Jan 2018
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Document Summary
billion on employee benefits: what is a reward, extrinsic. Factors that satisfy basic human needs for: survival security: needs for recognition social needs. Factors that satisfy higher-order human needs for: self-esteem: achievement, growth, development, reward vs. incentive, rewards are the positive consequences of performing behaviours desired by the organization. Employees normally receive these rewards: subsequent to performing the behaviour (in the case of extrinsic rewards, during performance of the behaviour (in the case of intrinsic rewards) Incentives are intended to induce valued behaviour (before), while rewards serve to recognize valued behaviour (after): an incentive is a promise that a specified reward will be provided if the employee performs a specified behaviour. One- help promote the achievement of the organization"s goals. Two- fit with the organization"s strategy for achieving its goals and support its structure for implementing that strategy. Three- attract and retain individuals who possess the attributes necessary to perform the required task behaviours.
