Motivation 2_10_11 post

No change is made to base salary the potential bonus

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Unformatted text preview: change is made to base salary. The potential bonus represents “at risk” pay that must be re-earned each year. Base salary may be lower in cases in which potential bonuses may be large. Organization-Focused Profit Sharing A bonus is received when the publicly reported earnings of a company exceed some minimum level, with the magnitude of the bonus contingent on the magnitude of the profits. No change is made to base salary. The potential bonus represents “at risk” pay that must be re-earned each year. Base salary may be lower in cases in which potential bonuses may be large. 21 Why Are Some Employees More Motivated Than Others? Motivated 22 Motivational Forces related to Task Performance Task In order of strength (strongest to weakest) Self-efficacy / competence People who feel a sense of internal self-confidence People tend to outperform those who doubt their capabilities capabilities Specific and difficult goals The motivational force created by high levels The of valence, instrumentality, and expectancy of Perceptions of equity 23 How Important is Motivation? How 24 Take Aways: Take Management’s Responsibilities Hire people who can be motivated Align performance goals and company goals Pursue reasonable, challenging goals Provide clear performance expectations & Provide feedback feedback Ensure your people are trained & supported Provide valued rewards Have courage in rewarding & confronting poor Have performance – make strong P-O links performance Make hiring and promotion decisions on meritbased, job-related information Next Time Next Trust, Justice, & Ethics 26...
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