Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Reward management and individual performance
Incentive pay systems Increase employee productivity & job performance
Causes and consequences of job satisfaction
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Reward management and individual performance
Meaningful rewards: Job satisfaction increases directly when employee receives meaningful rewards for performance. A meaningful rewards is fair informative and in line with a person’s needs or goal. A fair reward in line with the size of a workers contribution. Rewards are also closely lined with job satisfaction that another explanation of the link is worthy of attention, according to the performance-reward satisfaction model. If they perform well and receive an equitable reward the satisfaction will increases. The perception is important. Job satisfactions occur only when they think reward is fair and perceive it to be valuable.
Helpful co-workers and supervisor: Helping in this sense mean giving the employees an opportunity
…show more content…
Terms to describe this inherent interest in work includes craft instinct, pride in work and self rewarding work. People who love their work experience high job satisfaction.
Work fitting ones job values: Major Job values include autonomy (Independence) creativity, helping others security and performing technical work to the extent that employees job allow them to perform work that satisfies these values. The employees job satisfaction will increase for example, many supervisors have high job satisfaction because they can help can help both subordinates and stay close to technical work at the same time.
Optimism and flexibility: An optimistic and flexible person is predisposed to be a satisfied employee. Every company has its share of “pills” who always find something to complain about. No matter what the company does to satisfy such a person. He or she finds another source of dissatisfaction.
Special expectation about the
…show more content…
A number of alternative answers are given to each question and the employee is asked to mark one of the alternatives which are nearest to how he feels. There are other types which require the employee to mark ‘true or false’ or to mark a numerical value along a horizontal scale of feeling. The chief detect of the objective survey is that management prepares the questions nearest and provide the alternative answers. It doesn’t give the employees to express themselves in their own true feelings. The main advantage of objective surveys is that they are easy to administer and can be analyzed statistically, the analysis can be done on computers which can reduce time and cost considerably when a large number of employees are
Employers have been coming up with innovative employee rewards to boost morale and acknowledge employee needs for creativity and personal goal accomplishment. Some of the latest potential employee rewards include using the internet at work for personal reasons such as shopping, communicating with friends, or personal finances; bringing a pet to work; instituting a controlled napping policy, and the sports and office betting pools..
Reward and recognition has to be promoted for small and large achievements. An effective reward’s program keeps employees engaged, dedicated, and committed to the organization.
...esigned to realize the dream alive. Therefore, to ensure success in achieving these goals, the appreciation is important . If the lack of appreciation given to employees then there will be a decline in driving organizational productivity. If acknowledgment is given the workers themselves would feel appreciated when their welfare is not compromised. Employers should not underestimate the welfare of workers. Employees who are satisfied with the compensation and benefits given to them will not cause any problems for the employer . Instead, they will continue to work diligently and indirect labor productivity will certainly increase. So it is clear here that the intrinsic rewards are important parallel with extrinsic reward . Perhaps the workers see the rewards extrinsic more meaningful monetary , in fact, intrinsic rewards are more important as a reward for the future.
Values include competence, integrity, objectivity, honesty, loyalty to the employer, responsibility to users of financial...
Based off of the gratification an individual contains towards their work is job satisfaction. The productivity could either be positive or negative while the relationship between the productivity and satisfaction may not be consistent. There are multiple internal and external factors of job satisfaction that can impact the behavior of an employee and engagement over time. The way the worker’s attitude concerning their field effects the performance they perform on a daily basis. One who is satisfied with the job they maintain, succeed at what they do. “It is therefore imperative for a company to understand the attitude of its workers and measure the job satisfaction of its employees, as job satisfaction is essential for productivity” (L. Bradshaw
The job satisfaction is the most widely investigated job attitude an d as well as the most extensively researched subjects for the different organization and industrials. Most of motivational theories have represented or focus on the job satisfaction toward the job and productivity of the employees as well as many job satisfaction theories have tried to explain it’s influences toward the job responsibility such as Maslow’s Hierarchical of needs theory(1943), Hertzberg’s two factors theory (1968), Adam’s equity theory (1965), Job Characteristics Model, Locke’s (1976) Range of Affect Theory, Porter and Lawler’s (1968) modified version of Vroom’s (1964) VIE Model etc.
1) Autonomy: The desire to be self-directed (Pink, 2013). This skill inspires more engagement in an employee’s work instead of focusing purely on conformity of the staff member. An example of how this is when people are able to work from wherever they desire and whenever they want as long as they get the work done. This opens them up to more opportunities, which makes them more loyal to the job that gave them this opportunity so they will therefore work harder for the company.
A number of motivational theories explain how rewards affect the behavior of individuals and teams. Performance related pay can have a motivational effect. Employees are motivated to increase prod...
The foundation for effective job performance and compensation system can be traced to effective job analysis process. Fundamentally, a job analysis should consist of a thorough examination of the job 's duties and knowledge, skills, abilities, and qualities that are required in order to be successful in a specific position, upon which appropriate rewards or compensation can be determined. For many perspectives, jobs are usually made up of requirements and rewards, where rewards may be regarded as a major recruitment strategy for motivating potential employees in order to influence them to stay the organization for a longer period as well as enhance their performance. The most common or basic form of rewards which attracts employees is extrinsic
Values remind me of ethics and morals, necessary in any walk of life and imperative in the work place. These concepts are guidelines in which employees need to follow to be successful. “Values represent basic convictions that a specific mode of conduct or end-state of existence is personally or socially preferable to an opposite or converse mode of conduct or end-state of existence.” (Robbins, 136) Integrity, courage, service, wisdom, respect and goal setting are a few of the values that are most crucial to me and what I hope to achieve within any work place setting. Values should be lived every day in the work place and should exemplify the
This study aims to examine the significance of reward systems, especially in employee motivation, in an effort to highlight major components of a successful reward system. The three research questions, which have been selected to examine the importance of rewards on employee motivation and factors that motivate employees include: One, what is the importance of rewards in employee motivation? Second, what makes employees de-motivated, and what are the impacts of such employees to an organisation? Third, is there a connection between employee motivation and performance?
Kumar, N. (2012). Relationship of Personal and Organizational Values with Job Satisfaction. Journal of Management Research , 12 (2), 80.
In daily life, we need motivation to improve our performance in our job or in studies. Motivation is an internal force, dependent on the needs that drive a person to achieve. In the other words, motivation is a consequence of expectations of the future while satisfaction is a consequence of past events (Carr, 2005). We need to give reward to our self when we did correctly or we has achieve our target. Reward is something that we are given because we have behaved well, worked hard, or provided a service to the community. Theories of motivation can be used to explain the behavior and attitude of employees (Rowley, 1996; Weaver, 1998). The theories include content theories, based on assumptions that people have individual needs, which motivate their action. Meanwhile according to Robbins (2001), motivation is a needs-satisfying process, which means that when a person's needs are satisfied by certain factors, the person will exert superior effort toward attaining organizational goals. Schulze and Steyn (2003) affirmed that in order to understand people’s behavior at work, managers or supervisors must be aware of the concept of needs or motives which will help “move” their employees to act.Theories such as Maslow (1954), McClelland (1961), Herzberg (1966) and Alderfer (1969) are renowned for their works in this field. The intrinsic reward or also be known as motivators factors is the part of Herzberg motivation theory. Motivators are involve factors built into the job or the studies itself such as achievement, recognition, responsibility and advancement. Hygiene factors are extrinsic to the job such as interpersonal relationship, salary, supervision and company policy (Herzberg, 1966. There have two factors that are called hygiene fac...
I was formerly employed by a supplier of automobile parts where in addition to using compensation as a means of motivation; they too were dedicated in ensuring their employees had maximum job satisfaction. This was achieved by giving autonomy in their job functions and assigning significa...
Intellectual stimulation will allow me to think and be on my feet without ever getting bored at the job. Furthermore, security and economic rewards will make feel as though I have a secure job with compensation for my duties in the work place. Structure, acknowledgement, and convenience are important but not as important. These are values that I look for in a career but will not affect my decision if they are not provided in the workplace. However, adventure and interpersonal contact are the least important value for