Motivation & Reward Strategies
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A strong organizational motivational strategy promoted in ìcontemporary management and organizational literature is the ì linking of performance and reward. 3.ls1 1L. McTier Anderson, and James W. Fenton, Jr., "The Light At ì The End Of The HRM Tunnel: Window Of Opportunity Or An Oncoming ì Train," Business Horizons, (January 1993): 72-75. the linking of performance and reward is that the key to ì motivating an individual to remain in and perform well in an ì organization lies not in urging an individual to remain or ì perform, but, rather, in the developing within that individual a ì strong commitment to the organization. The rewarding of performance is seen as a strong factor in the development of such ì commitment to the organization. From such a commitment will flow ì the desire to remain in and perform well in an organization. ì Organizational commitment is manifested as a strong desire to ì remain as a member of a specific organization, willingness on the ì part of an individual to exert high levels of effort for a ì specific organization, and belief in and acceptance of ì organizational values and goals by an individual.ª 3.ls1ì 2L. W. Porter, Organizational Commitment And Its ì Development, 5th ed. (Berkeley, California: University of ì The linking of performance and reward places a
. . .
une 1994): 29-37.
+ Probably the ì
ì
most common application found in the United States is similar to ì
ì
the arrangement found in the automobile industry. In the ì
ì
automobile industry, profit sharing agreements are written into ì
ì
collective bargaining contracts. Under arrangements such as the ì
ì
one found in the automobile industry, corporations share profits ì
ì
with their production employees at predetermined rates, once the ì
ì
minimum level of profits specified in the collective bargaining ì
ì
agreements have been attained. In such arrangements, the ì
ì
production employees share in the profits; however, they are not ì
ì
required to share in operational losses.ì
A second method of profit sharing for production employees ì
ì
involves employee stock ownership.i 3.ls1
ääá
6Bob Filiczak, "Remmele Engineering," Training, 31 (May ì
1994): 42-47.
i While any production ì
ì
employee is always free to go into the market to purchase stock ì
ì
in her or his publicly held employing firm, this method of profit ì
ì
sharing involves formal organizational programs that encourage ì
ì
and assist employees in the purchase of company stock. These ì
ì
programs are gene
. . .
Some common words found in the essay are:
Publishing Company, Benefits Review, Driving Schools, California Press, ì ì, Remmele Engineering, Horizons January, Relations Today, ääá, , Performance Management, Appraisal Metric, ì , ì ääá, ì ì , ì ì organizational, power ì, ì organizational, power ì ì, ì employees, performance reward, application discipline, ì ì employees, performance management, benefits review,
Approximate Word count = 1460
Approximate Pages = 6 (250 words per page)
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