Identify the major bases of reward distribution.
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- Identify the major bases of reward distribution.
- How does money influence employee motivation?
- Discuss the relative merits of individual and group incentive programs.
- Describe the benefits and drawbacks of several of the new approaches to reward systems. Which ones do you feel would be most effective in work organizations?
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- Is there one best motivation theory? Explain your answer.An employee incentive program can help organizations improve their productivity, reduce their production costs and reduce employee retention. It can also build employee engagement and encourage teamwork. In addition, it can boost the morale of their workers. Describe and discuss TWO (2) types of pay (incentive) for individual performance and TWO (2) types of pay (incentive) for group performance.Discuss which of the three approaches to internal reward alignment your organization, or an organization you’re familiar with, uses to determine job valuation.Do you think that method is the most effective? How might the job valuation in this company differ if a different method was used?
- Employee retention for talented and potential employees is critical for organizational performance. Choose at least two (2) theories of reward management and explain its application in retain employeesCritically evaluate the advantages and disadvantages of the various techniques of performance appraisal. Discuss the role of feedback in employee performance. What is the difference between intrinsic and extrinsic rewards?What intrinsic reward do you experience in your role as an employee? Extrinsic reward? Are intrinsic or extrinsic reward generally more important motivated for you?
- Is it true that Person-focused pay plans are least preferable compared with individual incentive pay programs?Determine and evaluate three motivational theories that support the relationship between monetary compensation and employee motivation in light of the current discussion surrounding this relationship.Give a brief summary of each topic and subtopic below: 1. Organizational Reward Systems Base Pay Approach Pay for Performance New Pay Techniques
- Early theories of motivation are discussed in your textbook. We also are given instructions in Scripture for how we work. What instructions does God give us regarding how we carry out our jobs? Where does our greater reward come from?Daniel Pink is an author and speaker who gave a TED Talk titled “The Puzzle of Motivation” 1(Pink, 2009). In his talk, he argues that traditional rewards like money can improve performance for simple tasks, but can reduce performance for creative tasks. He suggests that people need autonomy, mastery, and purpose to be engaged and motivated in their work. He cites scientific studies and experiments to support his claim 1 (Pink, 2009). what would be a real life scenario where motivation was important? Describe how you have personally been impacted by either a lack of autonomy, mastery and purpose or have had an adequate amount of autonomy, master and purpose.Identify appropriate total rewards strategies to increase employee retention, and explain how these strategies support the goals of the organization