Nobody downloaded yet

Compensation and Benefits - Essay Example

Comments (0) Cite this document
The expectancy theory of employee motivation provides a clarification to the reason that an individual or employee chooses to act out a particular behavior as contrasting to another (Thomsen, 1980). This perceptive process appraises the motivational force (MF) of the diverse…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.1% of users find it useful
Compensation and Benefits
Read TextPreview

Extract of sample "Compensation and Benefits"

Download file to see previous pages Second is the assessment that the prospect that an individual’s exertion will lead to the expected performance outcome (expectancy). Third, is the belief that the resulting performance can result to a reward or benefit based on the individual’s performance (instrumentality) (Noe et al., 2014).
In reference to Noe et al. (2014), expectancy or performance expectancy is faith and trust that good individual efforts will lead to better work performance. It denotes the relation of "effort-performance". It is heavily weighted by an individuals personality, past experiences, emotional state, and self-confidence. Instrumentality, according to Thomsen (1980), denotes the "performance-reward" or “reward-expectancy” relation. The individual appraises the probability or likelihood, according to Noe et al. (2014), which achieving the expected level of performance will result to the realization of the performance reward. Valence, on the other hand, is the value that the employee associated with the result or outcome (reward). It denotes the significance an individual associated with the expected outcome (Thomsen, 1980).
A motivational force (MF) is thus the multiplication of instrumentality with expectancy and the valence. The proposers of the theory believe that it best explains an individual’s decision-making process (Thomsen, 1980). On the other hand, critics believe that it does not consider emotional state of individuals during decision making. It can also be challenging to implement in a situation of the group environment (Noe et al., 2014).
According to Noe et al. (2014), individual and group incentive plans have and strive for a similar goal. They strive to offer an employee incentive that will result to the right performance for the success of the company. For a company or firm to decide on the best incentive options, it is important to the first know their actual goals. Again ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Compensation and Benefits Essay Example | Topics and Well Written Essays - 750 words - 1”, n.d.)
Compensation and Benefits Essay Example | Topics and Well Written Essays - 750 words - 1. Retrieved from
(Compensation and Benefits Essay Example | Topics and Well Written Essays - 750 Words - 1)
Compensation and Benefits Essay Example | Topics and Well Written Essays - 750 Words - 1.
“Compensation and Benefits Essay Example | Topics and Well Written Essays - 750 Words - 1”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Compensation and Benefits

Employee compensation and benefits

...?Running Head: ABBREVIATED OF YOUR CHOICE (all caps) and Section # of Employee Compensation and Benefits The employees of a company are considered as the most important one of its factors of production. A company with efficient workers is more likely to be successful as the work of the employees has a direct impact over the performance of the entire organization. The management of the organization's most valuable assets-the employees, is known as Human resource management. Human resource management involves the process of recruitment, selection, training, compensating and maintaining the work force in a way that they are best able to achieve the objectives of the organization. Discussion There are a plethora of different methods... for...
2 Pages(500 words)Essay

Compensation and Benefits Paper

...?Compensation and Benefits Every organization has different tasks that need to be accomplished, and since there are many employees, different organizations will employ different job structures. In this case, a job structure refers to the tasks that an individual must accomplish, the required qualification and experience for the job and the responsibility that comes with the job. This means that different employees will have different job structures, depending on the number of years that they have worked, the qualifications they possess, and the level of people to whom they report. A job structure is important in an organization since it helps in the development of the organization structure and in the...
4 Pages(1000 words)Essay

Compensation and Benefits Systems

...Compensation and Benefit Systems Implemented by General Motors Company The main area of concern to any company is its staff. The best way by which a company can maintain its high caliber team of employees is dependent on its ability to cope with its staff and to recognize the individual’s contribution within the company. Effective performance management curriculum allows the company to perform well to the best of its ability by aligning goals of each individual employee with those of the company. When the company’s goals are matched, the company will better be able to compete effectively in the industry and boost morale of the employees when they are motivated. It is also a matter of fact that job...
4 Pages(1000 words)Research Paper

Compensation and benefits management

...? Compensation & Benefits Management Affiliation: Human Resource Management (HRM) gainedits significance in the professional arena like never before. Organizations require to attract, sustain and encourage brains to accomplish goals. Nowadays humans are considered as one of the most important assets required to carry out the tasks effectively and efficiently. Among many techniques which companies utilize to attract the potential minds, keep and encourage its people is Compensation and Benefits Management (Zingheim and Schuster et al., 2009). Compensation & Benefits Management An effective compensation and...
5 Pages(1250 words)Essay

Compensation and Benefits

...Compensation and Benefits Compensation and Benefits What impact do benefit offerings have on marketplace competitiveness and the ability to attract and keep quality employees? Benefit offerings significantly increase the organization’s competitiveness in the marketplace by attracting a pool of highly competent and qualified personnel and by retaining current employees who are ensured of maintenance and development through training, rewards, and recognition of exemplary performance. According to Martires (2004), “the employees’ recognition and self-realization aspirations that stand at the apex of the hierarchical need structure are best...
1 Pages(250 words)Essay

Compensation and Benefits support

...No: Describe the ways that Compensation and Benefits support the strategic goals of an organization and how you as an HRM can shape this program to meet the organizational goals. Compensation and Benefits How can an organization dream of progression without compensation and monetary benefits to their employees? Plan that relates to employees compensation, devised by HRM determines the pay and perks of an employee. The plan in question contains number of measures for the employee’s benefits, which include salary, increments, cash performance award and promotion in the next higher grade. The successful...
2 Pages(500 words)Essay

Compensation and benefits

...COMPENSATION AND BENEFITS COMPENSATION AND BENEFITS Compensation, in terms of human resource management, refers to monetary or non-monetary rewards in return for the services rendered by an employee. An individual takes up a job and offers his unique expertise in exchange for compensation of his efforts, thus, compensation is one of the key aspects of human resource management in any organization. Every organization strives to offer its employees tangible and intangible benefits so that they are satisfied and less likely to quit or contribute towards high employee turnover. Strategic...
3 Pages(750 words)Essay

Employee Compensation and Benefits

...Compensation and Benefit Package Lecturer The IT Solution Company is a new company that aims at bringing IT related services and goods closer to potential customers. As such, having an effective HR department is one of the most significant ways in ensuring the company remains competitive in the market. To ensure effective workflow, a position of secretary is essential. As such, it is significant to have a documented package and justification for the compensation package. Compensation and Benefit package Compensation and Benefit Packages $000 Social Security 1,013 Medicare... ...
5 Pages(1250 words)Essay

Compensation and Benefits

...incentives as the compensation/benefit problem. In 1973, Bronco Wine Company was started by Fred Franzia with his brother Joseph and cousin. This was immediately after the Coca Cola Company purchased Franzia winery business. It owns 40,000 acres of vineyard in Central Valley, California and produces up to sixty million gallons of wine annually. It has storage facilities in Ceres. One of the major problems facing the company is lack of opportunities for recognition. Rewarding employees makes them feel appreciated (Gebauer, Lowman & Gordon, 2008). This can be through better pays, having flexible job roles, lavish trips and good management. This poses a challenge to the employer because the employees feel...
1 Pages(250 words)Research Paper

Employee Compensation and Benefits

...Employee Compensation and Benefits Package Employee Compensation and Benefits Package for a Secretary for the HR department of an organisation in Germantown, Maryland Introduction The purpose of this employee compensation and benefits package is to provide all the components of compensations and benefits of a secretary in a HR department of an organisation in Germantown, Maryland. The main components of the employee compensation and benefits include wages, bonus payments, and benefits such as healthcare coverage, disability insurance and retirement...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Compensation and Benefits for FREE!

Contact Us