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ORGB 364 FINAL Chapter 6

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ORGB 364 FINAL Chapter 6 Money fundamental part of the employment relationship that relates to our needs, emotions, and self-concept viewed as a symbol of status, source of security, source of evil, or source of anxiety or feelings of inadequacy Team-Based Rewards - gainsharing plans - ...

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  • May 6, 2024
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ORGB 364 FINAL Chapter 6
Money
fundamental part of the employment relationship that relates to our needs, emotions, and self-
concept

viewed as a symbol of status, source of security, source of evil, or source of anxiety or feelings of
inadequacy


Team-Based Rewards
- gainsharing plans
- employee share ownershIp plans (ESOP)
- share options
- profit sharing


5 Ways to Improve Reward Effectiveness
- rewards are linked to work performance
- rewards are aligned with performance within employee control
- team rewards are used where jobs are interdependent
- rewards are valued
- rewards have no unintended consequences


Job Specialization
subdivides work into separate jobs for different people


Job Specialization Advantages
- increase work efficiency
- less time changing tasks
- require less training
- matched more closely to the jobs best suited to skills


Job Specialization Disadvantages
- reduce work motivation
- create mental health problems
- lower product or service quality
- increase costs through discontentment, absenteeism, and turnover


Job Characteristics Model
a template for job redesign that specifies core job dimensions, psychological states, and individual
differences


5 Core Job Dimensions
- skill variety
- task identity
- task significance
- autonomy
- job feedback

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