FINC 4534-NOTES 8 - NOTES A recent approach cafeteria-style...

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

View Full Document Right Arrow Icon
NOTES A recent approach – cafeteria-style or flexible compensation – is based on the idea that only the individual employee knows what package of rewards would best suit personal needs. Employees who hate risk could opt for more base pay and less incentive pay. Tradeoffs between pay and benefits could also be selected. The key ingredient in this new concept is careful cost analysis to make sure the dollar cost of the package an employee selects meets employer budgetary limits. The motivation theories are summarized in the next three slides (slides 11-13)… Some of the important motivation theories are summarized in the above and next 2 slides…the “So What” column discusses the implications for employee behavior. Some of the theories focus on content – identifying what is important to people. 1. The theories by Maslow and Herzberg, for example, are both well-known content theories - people have certain needs, such as physiological, security, and self-esteem, that influence behavior.
Image of page 1

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

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

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern