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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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This note was uploaded on 05/29/2011 for the course BUSI 405 taught by Professor Blackburn during the Fall '10 term at UNC.
- Fall '10