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Human Resource Management(MGT501) Spring 2014
Assignment No. 02
Due Date: August 03, 2014 Marks: 10
A new CEO of a telecommunications company knew that there has to be a better
way to get his employees to be more productive. Earlier, this company had a good
incentive program that those employees who produced well in accordance with
established company goals would receive award at weekly, monthly and quarterly
intervals. Something, however, was not working right. It appeared to CEO that after
an award was given, productivity would slack off until the next major award was
nearing.
The CEO implemented his new system‐one in which no systematic process was in
place to provide reward. Rather, he now takes it upon himself to administer the
rewards as he sees fit. This means that employees don’t know when they may be
rewarded but understand that any reward given is attributed solely to company
profitability.
Since its beginning, this unusual incentive plan has resulted in significant changes in
the company. Productivity has shot up, while simultaneously work force has shrunk;
company sales record are being broken each year; and employees are receiving
more reward than ever before. One difference, however, is that these rewards are
tailored to the unique needs of each employee; that is, rather than a rigid incentive
plan whereby employees receive a similar reward, employees are now afford the
opportunity to receive what they want. And what are some of these tailored
rewards? One employee got a five‐day, all‐expense‐paid trip to Dubai for the entire
family; another got an expensive suit and a set of pearls for his wife; yet another
got an expensive Laptop (portable personal computer).
Questions:
1. How CEO has linked his self‐determined reward system to the motivation
process? (5‐Marks)
2. Would you consider new incentive plan to be fair, when one employee can
get a trip to Dubai for the entire family, while another got an expensive
Laptop (portable personal computer)? (5‐Marks)
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A reward, tangible or intangible, is presented after the occurrence of an action (i.e. behavior) with the intention of causing the behavior to occur again. This is done byassociating positive meaning to the behavior. Studies show that if the person receives the reward immediately, the effect is greater, and decreases as delay lengthens. Repetitive action-reward combination can cause the action to become habit. Motivation comes from two sources: oneself, and other people. These two sources are called intrinsic motivation and extrinsic motivation, respectively.
CEO can link his self reward system with motivation due to performance appraisal mean on the base of performance appraisal they can evaluate the employee and if any employee have right for reward so otherwise not so according this situation motivation level of the every employee will increase and they move their direction in a positive way as in first circumstance as employee know that they work hard when they think that the time of reward is near
plzzzzzzzzzzzzzz koi acha sa solution dde den pehle hud se ki thi just 2 marks die sir ne
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A reward, tangible or intangible, is presented after the occurrence of an action (i.e. behavior) with the intention of causing the behavior to occur again. This is done byassociating positive meaning to the behavior. Studies show that if the person receives the reward immediately, the effect is greater, and decreases as delay lengthens. Repetitive action-reward combination can cause the action to become habit. Motivation comes from two sources: oneself, and other people. These two sources are called intrinsic motivation and extrinsic motivation, respectively.
CEO can link his self reward system with motivation due to performance appraisal mean on the base of performance appraisal they can evaluate the employee and if any employee have right for reward so otherwise not so according this situation motivation level of the every employee will increase and they move their direction in a positive way as in first circumstance as employee know that they work hard when they think that the time of reward is near
Q1 main i think linkage is tarah ki hai k motivation her individual ki apni apni hoti hai,kuch money say motivate hotay hain to kuch status or facilities say,koi respect say motivate hota hai to koi power say so CEO nay her aik ki unique motivation ko concerning reagrd say motivate kia hai.Before this aik general rule tha motivation ka k sab ko money or reward day dia jata hai and incase aik workerk pas already acha bank balance hai to us k liay motivation ni thi reward system
Q2 i think fair system hai as per written a scenario each worker is getting as per his/her wish so any one can wish for reward if he/she fulfill the criteria
surely there will be certain limits for rewarding employees which are at different skill levels but motivating the employees as per their needs and wants is fair system
Q1 main i think linkage is tarah ki hai k motivation her individual ki apni apni hoti hai,kuch money say motivate hotay hain to kuch status or facilities say,koi respect say motivate hota hai to koi power say so CEO nay her aik ki unique motivation ko concerning reagrd say motivate kia hai.Before this aik general rule tha motivation ka k sab ko money or reward day dia jata hai and incase aik workerk pas already acha bank balance hai to us k liay motivation ni thi reward system
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