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CHAPTER 9 - Pay-for-Performance: The Evidance (Components of a Total…
CHAPTER 9 - Pay-for-Performance: The Evidance
What Behaviors Do Employers Care About?
Retain
Develop skills
Perform well
Attract
Motivation Theories
Equity
Reinforcement
Expectancy
Goal setting
Herzberg's two factor theory
Agency
Maslow's need hierarchy
Components of a Total Reward System
Security
Status/recognition
Social interaction
Work variety
Benefits
Workload
Work importance
Authority/control/autonomy
Compensation
Advancement
Feedback
Work conditions
Development opportunity
Wage Compenents
Merit bonused (lump sum bonus)
Individual incentive
Merit pay
Success-sharing plans
Profit sharing
Gain sharing
Across-the-board increase
Risk sharing plans
Base pay
Does Compensation Motivate Behavior?
Do people stay in a firm(or leave) because of pay?
Do employees more readily to agree to develop job skills because of pay?
Do people join a firm because a pay?
Do employees perform better on their jobs because of pay?