chp 6 Flashcards
Motivation
accounts for the level and persistence of a person’s effort expended at work
Employee value proposition
exchange of value in what the organization offers the employee in return for his or her work contributions
Person-job fit
extent to which an individual’s skills, interests, and personal characteristics match well with the requirements of the job
Person-organization fit
extent to which an individual’s values, interests, and behaviors are consistent with the culture of the organization
Intrinsic rewards
valued outcomes received as internal enjoyment of task performance
Extrinsic rewards
valued outcomes received from an external source or person
Performance-contingent pay
you earn more when you produce more and earn less when you produce less
Merit pay
links an individual’s salary or wage increase directly to measures of performance accomplishment
Bonuses
extra pay awards for special performance accomplishments
Gain sharing
rewards employees in some proportion to productivity gains
Profit sharing
rewards employees in some proportion to changes in organizational profits
Stock options
give the right to purchase shares at a fixed price in the future
Employee stock ownership plans
give stock to employees or allow them to purchase stock at special prices
Skill-based pay
rewards people for acquiring and developing job-relevant skills
Performance management process
- measure performance to assess progress
- provide feedback and coaching on performance results
- use performance appraisal for human resource management decision
- identify clear and measurable performance goals
Output measures of performance
assess achievements in terms of actual work results