WOP: Applied Performance Practices summary & Chapter 5 slides Flashcards
How does the perception of money differ between men and women?
Men attach more value to money than women. Women see money in terms of things they can do with it and men see it as a symbol of power and autonomy.
Name a way in which perception of money is different across cultures
People in countries with high power distance have a high priority for money.
What are the four types of objectives of rewards?
Membership- and seniority based rewards
Job- status based rewards
Competencies rewards (based on certain competencies)
Performance based rewards
What is the effect of membership based rewards?
Reduces turnover but doesn’t really affect performance
How are jobs status judged for rewards and what is taken into account
Through job evaluation and skill, effort, responsibility and job conditions
What is the effect of job status based rewards?
Improves fairness but also competitiveness
What are the different performance based rewards?
Individual, team and organisation rewards
What plan is associated with team rewards?
Gainsharing plan- The employee’s bonuses is calculated from the unit’s cost reduction and productivity increase
Name and describe three plans associated with organisational rewards
Employee stock ownership plan is where the organisation encourages the employee to buy company stock (employee discount)
Stock options is when the organisation gives the employee an opportunity to buy company stock at a set date at a predetermined price
Profit-sharing plan is one that bases the bonuses to employees on the previous years level of corporate profits
Generally what is the effect of very large rewards within an organisation
Lower performance
Name five methods in making rewards more effective
Tie rewards to performance, Make sure rewards are relevant, Use team rewards for interdependent jobs, Make sure rewards are valued and look out for unexpected consequences such as employees creating problems to solve them
Name a method of tying rewards to performance
Objective performance measures
What type of rewards do highly productive people prefer?
Individual
What can improve intrinsic motivation in employees
Properly designing a job
What is meant by job design?
The process of assigning tasks to a job including the interdependency of those tasks with other jobs.
What is meant by job specialisation?
Job specialization is the result of a division of labour in which work is subdivided into separate jobs assigned to different people (e.g: a highly specialized job)
What is the effect of job specialisation?
Improves efficiency
What is meant by scientific management
Systematically partitioning work into its individual elements and standardising tasks to increase efficiency
Name a problem with job specialisation
One of the problems of job specialization is that it can become so specialized that they soon become tedious, trivial and socially isolating
What are the effects of job specialisation on quality?
Specialization can improve quality, but can also decrease quality if it is too tedious. Also, by performing one small part of the overall work, employees have difficulty striving for better quality or even noticing flaws with that overall output.
What does the motivator-hygiene theory state?
Employees experience job satisfaction when they fulfill growth and esteem needs (called motivators), and they experience dissatisfaction when they have poor working conditions, low job security, and other factors categorised as lower-order needs. Employees are primarily motivated by growth and esteem needs, not by lower level needs
What function does the job characteristics model serve?
It relates the motivational properties of jobs to specific personal and organisational consequences of those properties. There are five core job dimensions that produce three psychological states.
Name the five core job dimensions
Skill variety, Task identity (whether it is required to complete or whole part), Task significance, Autonomy, Job Feedback (the extent to which people can tell if they’re doing a good job)
What three psychological states do these core job dimensions lead to?
Skill variety, task identity and task significance = meaningfulness. Autonomy = responsibility. Job feedback = knowledge pf results.