Identify factors that make an organization a good

1. Identify factors that make an organization a good place to work, including
competitive compensation and benefits packages.

Management strategy used to increase job satisfaction by making jobs more interesting and
challenging.
Job Rotation
Job redesign strategy that allows employees to rotate from one job to another on a systematic
basis.
Job Sharing
Work arrangement in which two people share one full-time position.
Piecework
Compensation paid to workers according to the quantity of a product that they produce or
sell.
Profit-Sharing Plan
Incentive program that uses a predetermined formula to distribute a share of company profits
to eligible employees.
Salary
Compensation paid for fulfilling the responsibilities of a position regardless of the number of
hours required to do it.
Stock-Option Plans
Incentive program that allows eligible employees to buy a specific number of shares of
company stock at a set price on a specified date.
Telecommuting
Work arrangement in which the employee regularly works from home.
Wages
Compensation paid to employees based on the number of hours worked.
KEY TAKEAWAYS
•
Employees report that they’re motivated to perform well when they’re
challenged, respected, treated fairly, and appreciated.
• Other factors may contribute to employee satisfaction. Some companies usejob
redesign to make jobs more interesting and challenging.
o
Job rotation allows employees to rotate from one job to another on
a systematic basis.
o
Job enlargement enhances a job by adding tasks at similar skill
levels.
o
Job enrichment adds tasks that increase both responsibility and
opportunity for growth.
•
Many organizations recognize the need to help employees strike a balance
between their work and home lives and offer a variety of work arrangements to
accommodate different employee needs.

•
Flextime allows employees to designate starting and quitting times, compress
workweeks, or perform part-time work.
•
With job sharing, two people share one full-time position.
•
Telecommuting means working from home. Many employers also offer
dependent care, paid leave for new parents, employee-assistance programs, and
on-site fitness centers.
•
Competitive compensation also helps.
•
Workers who are paid by the hour earn wages, while those who are paid to
fulfill the responsibilities of the job earn salaries.