Impact of Reward System on Employee Motivation - 3826 Words

CREATING EFFECTIVE ORGANIZATION (SECTION: 2) â€Å"IMPACT OF REWARD SYSTEM ON EMPLOYEE MOTIVATION† SUBMITTED TO: SIR RAZA NAQVI SUBMITTED BY: (Group#6) Shazia faiz (MM111119) Zainab Hassan (MM111027) Robeela qayyum (MM103070) DATE: 22 JUNE 2011 â€Å"IMPACT OF REWARD SYSTEM ON EMPLOYEE MOTIVATION† Shazia Faiz, Zainab Hassan Robeela Qayyum Abstract The purpose of the study was to investigate and analyze the impact of reward system on employee motivation and how well the current reward system was helping to generate employee motivation. Employees can be motivated on the job by many things such as intrinsic rewards (recognition, autonomy, responsibility, importance) and extrinsic rewards (pay, promotion, bonus,†¦show more content†¦1-Maslows hierarchy of Needs and goal setting theory: Maslows hierarchy of Needs is a theory of personality that identifies five basic need categories: Self-actualization; Personal growth and development /fulfillment Esteem needs: Achievement, status, responsibility, reputation Social needs: Family, affection, work group, relationships Safety needs: Protection, security, law, limits, stability Physiological needs: Air, food, shelter, sex, sleep, warmth The higher-order needs including belonging, esteem, and self-actualization are not seen important until the lower-order needs which are safety and physiological are satisfied. Its higher order needs strongly complement the topic because when basic needs are satisfied, now individual looks for satisfying his social, esteem and self actualization needs. Motivation is a factor that makes him to excel in life. Management should find out what motivates the employees at each of the levels and develop a reward strategy accordingly. 2-Frederick Herzberg Two factor theory: Second theory bring into consideration is by Frederick Herzberg. His contribution to the management of employee motivation is ‘Two factor theory’ which is subcategorized into ‘hygiene factors’ and ‘motivators’. As hygiene factors do not necessarily motivate the employees, however when there is a lack of, or excess of any one of these factors, there is a chance that the employee may be dissatisfied and demotivated.Show MoreRelatedThe Importance Of Employee Motivation And Customer Retention Essay1634 Words   |  7 Pagesquality, customer loyalty, and work efficiency. Indeed, in their research study, Ganesh and Mangalore (2016) established a strong link between employee motivation and customer retention. Therefore, any effort to improve the performance of an organization should begin with addressing human resource issues in the attempt to improve its motivation. Employee motivation has been a central area o f focus in organizational behavior issues and studies. Scholars and professionals have been trying to understandRead MoreThe Link Between Performance and Reward Management1061 Words   |  4 Pagesï » ¿Performance and Reward Management: Performance management is an important organizational aspect that is geared towards developing people with necessary competencies and commitment for working towards the achievement of common organizational goals. As a result, the frameworks of this component are developed in order to enhance both individual and organizational performance. 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These evidences state that the actual effect that could have been achieved by the program is not the end result. Problems with the Rewards Program: One of the major problems seen with the rewards program is the temporary compliance with the program. Generally the mechanism followed in the rewards program associatesRead MoreMotivation/Reward System1404 Words   |  6 PagesEssay 1: Motivation/Reward System by Blake P. Rodabaugh EDD 9100 CRN 35455 Leadership Seminar Nova Southeastern University January 15, 2012 Essay 1: Motivation/Reward System Employee motivation seems to be at the core of what defines leadership or more importantly a leader. 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Based on a research by the Best Companies in 2009 for HR magazine, it was stated that majorityRead MoreIMPACT OF MOTIVATIONAL REWARDS ON EMPLOYEES1461 Words   |  6 Pagesï » ¿IMPACT OF MOTIVATION ON EMPLOYEES PERFORMANCE MOTIVATION: Internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job, role or subject, or to make an effort to attain a goal. Motivation results from the interaction of both conscious and unconscious factors such as the (1) intensity of desire or need, (2) incentive or reward value of the goal, and (3) expectations of the individual and of his or her peers. These factors are theRead MoreRoot Cause Case Study Analysis Essay911 Words   |  4 Pagesissues that have contributed to low productivity and lack of motivation. The events that commenced Engstrom’s organizational issues stem from the failure of the Scanlon Bonus Plan (Beer, 2008). The system was created so that employees became motivated to exceed the standard. Additionally, several aspects that contributed to a healthy work environment also reduced due to the failure of the Scanlon Bonus Plan; such as employee motivation, trust between individuals, and overall work culture. IdentifyingRead MoreOperations of Goodwill Industries International1190 Words   |  5 Pagesemployment challenges. Our analysis indicated that the huge gap or disparity between CEO and average employee pay resulted in low motivation among the workers.The paper explores the theoretical underpinnings of employee motivation as well as ways of improving employee motivation. Transformational leadership and employee reward systems prove to be some of the best ways of improving employee motivation and organizational performance. Introduction Organizations profile Goodwill Industries InternationalRead MoreWhat Is Total Rewards System Or Trs? Essay1306 Words   |  6 Pagesdescribe Total Rewards System or TRS in a roundabout way; ‘TRS is a combination of various processes carried out in different areas of the workplace which encompasses three main elements that which all the employees value from their term of employment, payment/compensation and work and benefits experience.’ A prosperous and successful organisation introduces TRS in order to help build stability and a very powerful infrastructure as well as a powerful benefit structure. This type of system helps to promote

This Tournament Goes to Eleven - 4982 Words

This Tournament Goes to Eleven 2007 This Packet Has Gone to the Dogs (theme packet) Written by: Delaware (Bill Tressler) Every question will mention a dog somewhere, but answers need not be specifically a dogs name or breed. Tossups 1. One character by this name was a son of Zeus and Niobe who succeeded Apis as king of Phoronea. Another had the labors of freeing Arcadia and killing Satyr, while a third is seen lying neglected on the heaps of mule and cow dung and could not get up to greet those entering. After one of those figures was slain his 100 most famous attributes were placed on the tails of peacocks, as Hera had previously entrusted him to watch Io with his many eyes. The brother of Cerberus and the dog of†¦show more content†¦Subtitled In Search of America, For 10 points, name this work in which the namesake poodle is accompanied by John Steinbeck. ANSWER: Travels with Charlie 7. A 2006 film by this title includes the characters Vaguely Hot Old Chick, Insufferable Prick, and Poseur, and features Keira Leverton administering some deserved smack downs. In a 1995 Connie Chung interview, Newt Gingrich was politically embarrassed after his mother used this word during a Hilary Clinton question. Big Fat and Super King Kamehameha are the kinds that Sheila Broflovski demonstrates in a song by Eric Cartman. For 10 points, name this term whose definitions include an unpleasant person and a female dog. ANSWER: bitch 8. Alcatel-Lucent historically describes it as of unusual simplicity, power, and elegance, a manta repeated by devotees. Some say a dog living near U.C. Berkley who barked when the mail arrived provided the inspiration for its mail notification known as biff. A Y2K-like problem will occur for those using its time, which measures nanoseconds since 1970. Other utilities include tty [T-T-Y], pwd [P-W-D] and chmod [C-H-mod], used to change permissions. Its name originally ended with a c but now uses x. For 10 points--name this operating system developed by Ken Thompson at Bell Labs, the namesake of a family of systems including GNU, OpenSolaris, andShow MoreRelatedEssay On Court1308 Words   |  6 Pagescourt. Looking back I see my Mother’s Lexus drive off. â€Å"First serve† I say to myself. â€Å"Ping.† The ball hits the net. â€Å"Ping.† The ball flies into the service box receiving my full power and an automatic smile blooms on my face. Not many thing blo om this time of year. â€Å"Ping,† and another miss. I know my smile would not last long when I am on court. It never does. Always missing shots crushes your soul as if it were a windmill grinding wheat. Of course the bitterly cold weather never helps. I go upRead MoreElectronic Sports: Really a Sport?1546 Words   |  7 Pageswho’s better, but also for a very large chunk of money. Does that make it a sport however? 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Politic Science Essay Example For Students

Politic Science Essay Thursday October 24 1929 is a Day that was later known as Black Thursday. Black Thursday was the day a small crash occurred at the New York stockexchange. However Black Thursday Would turn out to be nothing compared towhat awaited America and its economy on the following Tuesday. America was aboutto enter her darkest days the Great Depression. Sena Peterson my greatgrandmother was just an eighteen-year-old young lady living on her fathers cornfarm in Iowa. Far away from New York and the economic problems on Wall Street. Nevertheless, the depression and the falling prices of her farms product wouldsoon affect her in drastic ways the depression would be a hard time forAmericans. Monday October 28, 1929. Was a very dark and gloomy day. Thousands ofBlack Birds landed on Wall Street. The thousand plus birds began to devour anything they could find to eat. Nearly half of the birds never took flight again. Many of the birds died of exhaustion. This was an ominous sign of the dark anddesperate times ahead. America was about to enter its lowest and darkest pointin its short history. My great grandma lived on her farm in Iowa oblivious tothe fact that her life would soon be changing in drastic ways. She had know ideaof what was going on at Wall Street. She had no idea that she was going to haveto move. Her family would soon have to start all over in a new place. TuesdayOctober 29, 1929. This dark day would soon be remembered as Black Tuesday. The day Americas economy would crumble. The day some investors lost everythingeven there will to live and jumped out the windows of high rise buildings. Manypeople believe that the stock market crash was the cause of the depression butthat is not entirely true. Although the two events where closely related. ByAmericans attitude during the 1920s also known as the jazz age. Americansemphasis on having the newest thing or being at the height of fashion was enoughto keep the economy going for most of the 20s but that would no last. Duringthe First World War my great grand mothers expanded to keep up with the demandthe war created. To do this they got a loan from the bank to purchase the needsupplies; machines and the land needed to expand. After the war ended the demandfor corn drastically dropped. Consequently, the farm produced an excess productso the price dropped. My great grandfather now had problems paying the bill andmaking ends meat but he managed for a while. Nevertheless, the l ack of moneywould soon take its toll. The problem with the way America was heading was thatincome was distributed very unevenly and the portion going to the rich gotlarger and larger as the 20s progressed. Corporations started to make biggerand bigger profits yet the profits were not passed on to the workers. Inaddition, in 1926, The Revenue act was passed and it cut taxes by 2/63 for thosewho made over 1 million dollars a year. Because of these trends in 1929, the top.1 percent of American families had a total income equal to the bottom 42percent. That meant that the people who paid attention to the ads couldntafford the new products they wanted. This is when credit was invented. Peopleliked the idea that they didnt have to pay for the product but they still gotto keep it and pay later. Credit only put of they day when consumers accumulatedso much debt that they couldnt buy new products. My Great Great grandfatherhad tried his best to make ends meat but he couldnt make a profit. He couldno longer pay back his loan to the bank so they foreclosed on his farm. My greatgrandmothers family now had no source of income and no where to live for themthis was the lowest point of the depression and her life. However, this whereabout get a lot worse for the Peterson family. Because people could no longerafford to buy things there was an over supply and no demand, so prices began tofall like a rock. So they economy became weak because nobody was making money. .u53c072887ed385938718a4722b8eb26c , .u53c072887ed385938718a4722b8eb26c .postImageUrl , .u53c072887ed385938718a4722b8eb26c .centered-text-area { min-height: 80px; position: relative; } .u53c072887ed385938718a4722b8eb26c , .u53c072887ed385938718a4722b8eb26c:hover , .u53c072887ed385938718a4722b8eb26c:visited , .u53c072887ed385938718a4722b8eb26c:active { border:0!important; } .u53c072887ed385938718a4722b8eb26c .clearfix:after { content: ""; display: table; clear: both; } .u53c072887ed385938718a4722b8eb26c { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u53c072887ed385938718a4722b8eb26c:active , .u53c072887ed385938718a4722b8eb26c:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u53c072887ed385938718a4722b8eb26c .centered-text-area { width: 100%; position: relative ; } .u53c072887ed385938718a4722b8eb26c .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u53c072887ed385938718a4722b8eb26c .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u53c072887ed385938718a4722b8eb26c .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u53c072887ed385938718a4722b8eb26c:hover .ctaButton { background-color: #34495E!important; } .u53c072887ed385938718a4722b8eb26c .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u53c072887ed385938718a4722b8eb26c .u53c072887ed385938718a4722b8eb26c-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u53c072887ed385938718a4722b8eb26c:after { content: ""; display: block; clear: both; } READ: Deaf Culture and Alcoholism EssayThis is when stocks began to crash and eventually the whole market crashed. Things began to look a lot worse for the Petersons my great grandmothersfather came down with tuberculoses. The whole Peterson family had to move toColorado so he could get treatment. My great grandmother ended up working in aLevis factory to help pay medical bills as well as her mother. Her brothersworked in other various factories. These events all lead up to the depressionthe stock market crash was the straw that broke the horses back. After the crashfor the next three years things just got worse and worse. Americans attitudeschanged from their happy party like attitudes to a defeat and despair. Stockprices continued to fall, by 1932 they where 20 percent what they where beforethe crash. With little demand many mills and plants closed. They plants thathere still open in 1932 produced only half what they did in 1929. There was noend in sight America looked as if it where in a never-ending downward spiral. The Petersons continued to work in factories to pay for the medical bills. Until her father died. She continued to work in the factory but some of herebrothers joined the Navy. She worked in the factory until she got married in1932 and she started to do housekeeping to make a living while her husbandworked for a chemical company called Dow Chemicals. From 1929 to 1932,unemployment went from 3.2 percent to 24.9 percent. This mean there where 15million unemployed Americans. People who had a job where earning very littlemoney. My great grandmother husband worked for the chemical plant he didntmake enough to support his family wick included there two suns and doughtier. Buster and Glen where the names of there sons. Buster was born in 1930, Glen wasborn in 1933, and their doughtier Janice was born in 1936. Many other familieswhere not as lucky. As people lost their money and their savings, they could nolonger pay their loans and mortgages. Banks began to foreclose on them they losteverything there houses and all. These unemployed homeless people lived inshantytowns in houses made from old crates. These towns would soon be calledHoovervilles because Americans where bitter towards there president. The peopleof America where upset at President Hoover because he refused to give aid to theunemployed Americans. The way my Great Grandmother was living was a sharpcontrast to the way it was just a few years. Yet it was still a tuff time theycould pay the bills and she didnt have to do hard work in factories. They waythe government responded to the depression initially did not help to fix theproblem. President Hoover insisted that prosperity would soon return to America. Hoover was convinced that all he needed to do was to restore peoplesconfidence so that companies would invest and start production again. Hebelieved that this would create more jobs and give people incomes and restorethe economy. Nevertheless, business owners saw no reason to increase productionbecause there shelves where full of unsold items. By 1932, production was lessthat what it had been in 1929. President Hoover also believed that a balancedbudget was the key to restoring the economy. Hoover decided to cut governmentspending and increase taxes. All Hoovers plan did was reduced demand to anall time low. Eventually Hoover provide emergency loans to banks and industrialcompanies. President Hoover also expanded public works and helped states offerrelief. However, his efforts where too little, too late. President Hoover was aself made man and as such he strongly believed in individualism andself-reliance. More and more Americans began to loose their jobs Hoover saidthat mutual self help through voluntary giving was the way to meetspeoples needs. Charities began to be overwhelmed at the number of people thatneeded help. To most people government assistance was the only way to help fixAmericas economic problems. Hoover thought that giving government help wouldundermine recipients self-reliance and he refused to do it the entire time hewas in office. In 1932, there was an election and democrat Franklin DelanoRoosevelt would run against the very unpopular and somewhat hatted PresidentHoover. Many people believed that Roosevelt would win by a landslide and he didin the fall of 1932. Roosevelt was a very confident person unlike Hoover. In hisinauguration speech, he said, The only thing we have to fear is fear itself. Soon Americans spirits would be lifted. Days after his inaugurationRoosevelt called special sessions with congress where there where severalemergency legislation was passed. These new legislation where called The NewDeal The basic idea of the new deal w as to lower the supply of goods to thecurrent depressed level. The New Deal also tried to increase demand by puttinglarge amounts of money into the economy through the Public Works program. ThePublic Works program provided jobs and it built schools dams and roads. The newdeal was not a cure for the depression it acted like a painkiller lessening theburden on Americans and making condition bearable. Unemployment was reduced andframers could now sell their crops for a profit. However, the depression was notover. The depression is thought to be over around the time the Second World Warstarted. The demand the war created helped fix the economy companiese could selltheir products there was now the demand was equal to the supply. The economy wasfixed. America was once more a prospering country.