What is the meaning of Money in the workplace?
-Financial rewards are a fundamental part of employment
-pay has multiple meanings
-men value money more than women
-cultural values influence the meaning and value of money
4 Types of Rewards(see image 1)
-Membership and seniority based rewards
-Job Status-values given to toughest job, most responsibility, need most skill
-Competency-Based Rewards
-Task Performance: what did you do versus what do you know?
Improving Reward Effectiveness
-team rewards for interdependent jobs
-ensure rewards are valued-ASK!
-watch out for unintended consequences
Job Design-where/how does a successful employee start
-assign tasks to a job
-organization goals: to create jobs that can be performed efficiently yet employees are motivated and engaged
Job Specialization
-dividing work into separate but unique components
-Scientific management: concept of the original assembly line
Job Rotation: moving from one job to another minimizes repetitive strain
Job Enrichment: Given more responsibility for scheduling, coordinating, and planning one’s own work
1. Clustering tasks
Self-Leadership
-process of influencing oneself
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