10/22/15 BUSN 1301 - 006
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This 2 page Class Notes was uploaded by Stephanie Romero on Monday October 26, 2015. The Class Notes belongs to BUSN 1301 - 006 at University of Texas at El Paso taught by John Hadjimarcou in Summer 2015. Since its upload, it has received 20 views. For similar materials see Intro to Global Business in Finance at University of Texas at El Paso.
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Date Created: 10/26/15
102215 Ch 10 Equity Theory Based on the premise that people are motivated to obtain and preserve equitable treatment for themselves the distribution of rewards in direct proportion to each employee s contribution to the organization Expectancy Theory Motivation depends on how much we want something and on how likely we think we are to get it complex because each action we take 5 likely to lead to several different outcomes some we may want and others we may not want Goal Setting Theory Employees are motivated to achieve goals they set very specific moderately difficult goals employee needs to be committed to achieving the goals rewards should be tied directly to goal achievement Motivation Techniques Management by objectives MBO Motivation technique in which managers and employees collaborate in setting goals Advantages actively involves employees improves communication view enhances control employees feel like an important part of the company Disadvantages doesn t work if the process doesn t begin at the top of the organization can result in excessive paperwork some managers assign goals instead of collaborating on creating them goals should be quantifiable Job Enrichment a motivation technique that provides employee w more variety and responsibility in their job Job enlargement Job redesign Behavior Modification systematic program of reinforcement to encourage desirable behavior involves both rewards to encourage desirable actions and punishments to discourage undesirable actions Flextime system in which employees set their own work hours within employerdetermined limits bands of time Benefits Sense of independence and autonomy Employees w enough time to deal with nonwork issues are more productive and satisfied Drawbacks Supervisors job is complicated job having employees who come and go at different times Employees with out flextime dislike those with flextime PartTime Work permanent employment in which individuals work less than a standard work week disadvantage often does not provide the benefits that come with a fulltime position Job Sharing an arrangement whereby two people share one full position Telecommuting working at home all the time or for a portion of the week means that individuals can set their own hours and have more time with their family disadvantages feelings of isolation putting in longer hours distractions at home difficulty monitoring productivity advantages increased productivity lower costs reduced absenteeism
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