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Organizational Context: Reward Systems

. If you must have motivation, think of your paycheck on Friday." . Learning Objectives. Discuss the theoretical background on money as a reward.Present the latest research on the effectiveness of pay.Describe some of the traditional methods of administering pay.Relate some of the latest form

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Organizational Context: Reward Systems

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    1. Organizational Context: Reward Systems Chapter 4

    2. If you must have motivation, think of your paycheck on Friday.

    3. Learning Objectives Discuss the theoretical background on money as a reward. Present the latest research on the effectiveness of pay. Describe some of the traditional methods of administering pay. Relate some of the latest forms of new pay and their value in helping attract and retain talented employees. Explain how recognition is used as an organizational reward. Discuss the role of benefits as organizational rewards.

    4. The Theory Behind Pay for Performance Behavioral Modification Behavior is a function its consequence Reinforcing desired behaviors Extinguishing undesired behaviors Taxi drivers vs. Boeing Machinists

    5. Pay: The Dominant Organizational Reward The Theoretical Background on Money as a Reward Physical Psychological Research on the Effectiveness of Pay World Series Budgets

    6. Pay: The Dominant Organizational Reward The Theoretical Background on Money as a Reward Money is rarely #1 Money vs. Morale

    7. Pay: The Dominant Organizational Reward Pay for Performance Base Hourly, weekly, monthly or annual basis Labor Market Driven

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