Chapter 9 - 01:20 EmpoweringEmployees

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
01:20 Empowering Employees Empowerment- giving employees authority and responsibility to make decisions about  their work without traditional managerial approval and control Sharing Information and Decision-Making Authority Keeping them informed about company’s financial performance Giving them broad authority to make workplace decisions Linking Rewards to Company Performance Employee Stock Ownership Plans Gives employees ownership stakes, motivating them to work smarter and harder 11 million workers at 10,000 companies participate Stock Options Right to buy a specified amount of company stock at a given price within a given time  period Teams Group of employees who are committed to a common purpose, approach, and set of  performance goals Mutually responsible and accountable for accomplishing objectives Ability to work on teams often emphasized during the hiring process Five Types of Teams
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/05/2012 for the course ADMINISTRA 011:100 taught by Professor Jayrereaves during the Fall '11 term at Rutgers.

Page1 / 4

Chapter 9 - 01:20 EmpoweringEmployees

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online