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Unformatted text preview: • By whom? • At what level? Does the amount make a difference? • Equity perceptions? • Bases for comparisons? o Compensation for what? What do firms pay for? • Membership and/ or seniority • Status/ worth of the job • Skills or competencies • Performance • Some combination of things • The process (procedural justice): o Wages and salaries o Individual based: Bonus Commissions Piece rate o Team based: Bonus Gain sharing: business shares portion of gain w/ team who helped get the gain o Organization based: Profit sharing Employee stock ownership plans Stock options Some combination of these o Which should be more motivational?: Organization based requires profitable company Individual based is most motivational...
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- Fall '10
- Intrinsic Rewards, Building effective rewards