Ch 8 - Compensation and Motivation_Web

Ch 8 - Compensation and Motivation_Web - Compensation...

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Unformatted text preview: Compensation Administration Chapter 8 Compensation Administration The process of managing a compensation program so that the organization can ___________ , motivate and retain competent employees who perceive that the program is fair . Influences on Compensation Compensation Cost of Living Consumer Price Index Location Government Influences Legislation Types of employees Union Influences Seniority Negotiation skills Labor Market Influences Unemployment Regional economic conditions Government Influence Fair Labor Standards Act (1938) minimum wage overtime pay (over 40 hours a week, 1.5 times regular rates) child labor restrictions ( people under 18) http://www.dol.gov/esa/minwage/america.htm Exempt employees include ___________ and managerial employees Seasonal industries (20 or less weeks) not covered under FLSA overtime provisions Non-exempt employees eligible for premium pay (time and one-half) when they work more than 40 hours in a week Motivation Theory Understanding motivational theory helps a manager to develop compensation, incentives, and benefits programs Programs need to motivate EEs to perform Not all employees are motivated by _____ - in fact most desire other motivating factors Two Principle Types Content Theory- _________ Emphasis on what motivates Concern with individual needs and goals Herzberg, Maslow, Aldefer, McClelland Process Theory- __________ Emphasis on the process of motivation Concern with how motivation occurs Vroom, Adams, Locke, Skinner...
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This note was uploaded on 04/22/2008 for the course HRAD 3783 taught by Professor Slevitch during the Spring '08 term at Oklahoma State.

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Ch 8 - Compensation and Motivation_Web - Compensation...

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