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pay for performance (the evidence) (motivation theories (herzberg's…
pay for performance (the evidence)
link organization strategy to compensation & performance management
employer want employees to perform in ways that lead to better organizational performance
motivation theories
herzberg's two-factor theory
expectancy
maslow's need hierarchy
equity
reinforcement
agency
goal setting
components total reward system
compensation, benefits, social interaction, security, recognition, work variety, workload, work importance, authority, advancement, feedback, work conditions, develop opportunity
wages components
base pay, across the board increase, cost of living increase, merit pay, merit bonuses (lump sum), individual incentive, success sharing plans, profit sharing, gain sharing, risk sharing plans
four type of behaviors
to stay/leave
to develop skills
decision to join
to perform well
design pay performance plan
efficiency
strategy. structure. standards
equity
compliance