module 20 motivational dynamics money isnt everything; the job counts too what is the link between...

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MODULE 20 MOTIVATIONAL DYNAMICS “Money isn’t everything; the job counts too” • What is the link between motivation, performance, and rewards? • How do job designs and work schedules influence motivation?

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MOTIVATIONAL DYNAMICS Motivation, Performance and Rewards

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Page 1: MODULE 20 MOTIVATIONAL DYNAMICS Money isnt everything; the job counts too What is the link between motivation, performance, and rewards? How do job

MODULE 20

MOTIVATIONAL DYNAMICS

“Money isn’t everything; the job counts too”

• What is the link between motivation, performance, and rewards?

• How do job designs and work schedules influence motivation?

Page 2: MODULE 20 MOTIVATIONAL DYNAMICS Money isnt everything; the job counts too What is the link between motivation, performance, and rewards? How do job

MOTIVATIONAL DYNAMICS

Motivation, Performance and Rewards

MODULE GUIDE 20.1

Motivation is influenced by both extrinsic and intrinsic rewards.

Merit pay has pros and cons as a pay-for-performance system.

Bonuses and profit sharing plans link pay with performance.

Employee stock ownership ties financial rewards to firm performance.

Page 3: MODULE 20 MOTIVATIONAL DYNAMICS Money isnt everything; the job counts too What is the link between motivation, performance, and rewards? How do job

MOTIVATIONAL DYNAMICS

Motivation, Performance and Rewards

Page 4: MODULE 20 MOTIVATIONAL DYNAMICS Money isnt everything; the job counts too What is the link between motivation, performance, and rewards? How do job

MOTIVATIONAL DYNAMICS

Motivation, Performance and Rewards

Extrinsic Reward is provided by someone else.

Intrinsic Reward occurs naturally during job performance.

Performance-contingent Reward is linked directly to job performance.

Page 5: MODULE 20 MOTIVATIONAL DYNAMICS Money isnt everything; the job counts too What is the link between motivation, performance, and rewards? How do job

MOTIVATIONAL DYNAMICS

Motivation, Performance and Rewards Merit Pay

awards pay increases in proportion to performance contributions. Bonus Pay

provides one-time payments based on performance accomplishments.

Profit Sharing distributes to employees a proportion of net profits earned by the

organization. Gain Sharing

allows employees to share in cost savings or productivity gains realized by their efforts.

Stock Options give the right to purchase shares at a fixed price in the future.

Page 6: MODULE 20 MOTIVATIONAL DYNAMICS Money isnt everything; the job counts too What is the link between motivation, performance, and rewards? How do job

MOTIVATIONAL DYNAMICS

Job Designs and Work Schedules

MODULE 20.2

Job simplification builds narrow, routine, and repetitive jobs. Job rotation and job enlargement increase task variety in job

content. Job enrichment expands job content with self-management

responsibilities. Self-managing teams are a form of job enrichment for groups. Alternative work schedules offer flexibility in job context. Contingency and part-time work have pluses and minuses.

Page 7: MODULE 20 MOTIVATIONAL DYNAMICS Money isnt everything; the job counts too What is the link between motivation, performance, and rewards? How do job

MOTIVATIONAL DYNAMICS

Job Designs and Work Schedules

Page 8: MODULE 20 MOTIVATIONAL DYNAMICS Money isnt everything; the job counts too What is the link between motivation, performance, and rewards? How do job

MOTIVATIONAL DYNAMICS

Job Designs and Work Schedules Job Design

is the allocation of specific work tasks to individuals and groups.

Page 9: MODULE 20 MOTIVATIONAL DYNAMICS Money isnt everything; the job counts too What is the link between motivation, performance, and rewards? How do job

MOTIVATIONAL DYNAMICS

Job Designs and Work Schedules Job Simplification

employs people in clearly defined and very specialized tasks.

Job Rotation increases task variety by periodically shifting workers

between different jobs. Job Enlargement

allows individuals to perform a broader range of tasks; job rotation allows individuals to shift among different jobs of similar skill levels.

Self Managing Teams Make many decisions about how they do their work

Page 10: MODULE 20 MOTIVATIONAL DYNAMICS Money isnt everything; the job counts too What is the link between motivation, performance, and rewards? How do job

MOTIVATIONAL DYNAMICS

Job Designs and Work Schedules

Page 11: MODULE 20 MOTIVATIONAL DYNAMICS Money isnt everything; the job counts too What is the link between motivation, performance, and rewards? How do job

MOTIVATIONAL DYNAMICS

Job Designs and Work Schedules

Alternative Work Schedules Compressed Workweek

allows a worker to complete a full-time job in less than the standard five days of 8-hour shifts

Flextime describes any work schedule that gives employees some

choice in daily work hours. Job Sharing

two or more persons split one full-time job. Telecommuting

involves using IT to work at home or outside the office.

Page 12: MODULE 20 MOTIVATIONAL DYNAMICS Money isnt everything; the job counts too What is the link between motivation, performance, and rewards? How do job

MOTIVATIONAL DYNAMICS

Job Designs and Work Schedules

Contingency and Part-Time Work Part-time Work

is temporary employment for less than the standard 40-hour workweek.

Contingency Workers are employed on a part-time and temporary basis

to supplement a permanent workforce.

Page 13: MODULE 20 MOTIVATIONAL DYNAMICS Money isnt everything; the job counts too What is the link between motivation, performance, and rewards? How do job

MOTIVATIONAL DYNAMICS

Job Designs and Work Schedules

MANAGEMENT TIPS

How to make telecommuting work for you:

• Treat telecommuting like any workday; keep regular hours. • Limit nonwork distractions; set up private space dedicated to

work. • Establish positive routines and work habits; be disciplined. • Report regularly to your boss and main office; don’t lose touch. • Seek out human contact; don’t become isolated. • Use technology: instant messaging, intranet links, Net

meetings. • Keep your freedoms and responsibilities in balance. • Reward yourself with time off; let flexibility be an advantage.

Page 14: MODULE 20 MOTIVATIONAL DYNAMICS Money isnt everything; the job counts too What is the link between motivation, performance, and rewards? How do job

MOTIVATIONAL DYNAMICS

Job Designs and Work Schedules

Work schedule trends and preferences:

• Flextime ranks #1 in desired job supports. • 12% of U.S. workers do some remote work. • 70% of Agilent’s workers are remote at least some of the

time. • 33% of women and 28% of men would like part-time work

if they could afford it. • 58% of retiring baby boomers would like to work part-

time.