ECE _ DSST Organizational Behavior

Esops have the potential to increase job satisfaction

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ESOPs have the potential to increase job satisfaction and work motivation.
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Variable -pay programs are where a portion of an employee’s pay is based on some individual and/or organizational measure of performance. Piece-rate plans, wage incentives, profit sharing, bonuses, and gain sharing are all forms of variable-pay programs. Unlike more traditional base-pay programs, variable pay is not an annuity. There is no guarantee that just because a person made $60,000 last year, they’ll make the same amount this year. With variable pay, earnings fluctuate up and down with the measure of performance. In piece-rate plans, workers are paid a fixed sum for each unit of production completed. When an employee gets no base salary and is paid only for what he or she produces, this is a pure piece-rate plan. People who work ballparks selling peanuts and soda pop are frequently paid this way. The harder they work and the more they sell, the more they earn. Many organizations use a modified piece-rate plan, where employees earn a base hourly wage plus a piece-rate
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