Nobody downloaded yet

The Effects of rewards on employee motivation - Essay Example

Comments (0) Cite this document
Summary
The external rewards which the worker receives in terms of monetary return, job satisfaction, job interest, and job rank or status are usually considered to be the most important in his motivation to work hard and well. For some, the economic monetary returns are the most important, but researches have shown that the noneconomic rewards that are also obtained from doing an interesting, challenging, responsible, and skillful job cannot thereby be ignored (Schuler 77)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
The Effects of rewards on employee motivation
Read TextPreview

Extract of sample "The Effects of rewards on employee motivation"

Download file to see previous pages As researches at the work level have shown, however, these needs for external rank or status are not the only needs which the worker brings to his work situation.
Research has also shown the importance to the worker of the need to belong, to be liked, and to be an accepted member of a group. These member or internal rewards are thus highly prized by the worker (Reed 32). To become an accepted or high-ranking member of a work group, however, exacts its toll or cost: one must abide by its values and norms. But by abiding by its values and norms, the member's needs for association, friendship, approval, and support are satisfied. His standing or rank in the eyes of his fellow workers also goes up (Schuler 78). "The components of the motivation function include motivation theories, appropriate job design, reward and incentive systems, compensation, and benefits" (DeCenzo and Robbins 51).
The terms "external" as applied to the concept of needs or rewards refer primarily to the source, organizationally speaking, through which individual needs tend to be satisfied (Schuler 79). The external needs include the need for economic rewards such as pay and job security. Through these economic rewards, of course, the individual satisfies many physical and biological needs which are elementary in human survival and adaptation. The external needs also include the need for status and to be engaged in interesting work; that is, to satisfy the desire to do work that tests competence and expresses some creative ability in individuals. In modern industry most of the needs included in the external category are associated with the larger organization and the management union structure (Reed 33). Management generally decides what and how work is to be done. Armstrong and Murlis (2007) underlines that: "aim is to offer a value proposition and maximize the combined impact of a wide range of reward initiatives on motivation, commitment and job engagement" (12). Through the process of collective bargaining, an organization-wide pay structure is established, setting the level of pay for various tasks. Similarly, other economic policies are established which determine the conditions of work which are external to the individual and the small group of which he is a part. At times, consequently, researchers call the external rewards "reward by management" (Reed 40; Lashaway-Bokina 225).
Motivation is defined as a psychological force, analogous to a physical force in that it is a vector quantity possessing both magnitude and direction. Motivation is the amount of effort that one desires to expend in a given direction. The amount of effort one does expend to reach a goal is assumed, in the absence of the imposition of constraints on effort expenditure, to be in direct proportion to the amount of effort one desires to expend (Reed 40). Alternatively stated, and again neglecting constraints, the amount of eff ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Effects of rewards on employee motivation Essay”, n.d.)
The Effects of rewards on employee motivation Essay. Retrieved from https://studentshare.org/miscellaneous/1532654-the-effects-of-rewards-on-employee-motivation
(The Effects of Rewards on Employee Motivation Essay)
The Effects of Rewards on Employee Motivation Essay. https://studentshare.org/miscellaneous/1532654-the-effects-of-rewards-on-employee-motivation.
“The Effects of Rewards on Employee Motivation Essay”, n.d. https://studentshare.org/miscellaneous/1532654-the-effects-of-rewards-on-employee-motivation.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Effects of rewards on employee motivation

Employee Motivation

...to effect change in organisations. Effective discussions with the head of HR can lead to the best solution when employees are concerned. Additionally, training should be provided to familiarise the staffs on the new operation methods. If the employees will be required to do more complicate duties and their operation level increase, the organisation must consider a proper and efficient reward system. In words of Sharlyn (2005) with an efficient training and reward system implementing change in companies should not be a difficult step as far as human resource is concerned. It is an obvious assumption that productivity levels go hand in...
6 Pages(1500 words)Essay

Employee rewards and management

...?Employee Rewards and Management Total Reward System Motivation comes from the enjoyment of work itself and from the desire to achieve goals set by the person (Dawson, 2009). Each individual has different goals. Some are financial, like working longer hours for extra income or exerting more effort just to push sales. Some set their sights on a promotion of rank believing that if they do well on their jobs and accept the challenge of more responsibilities that eventually, they level up to a position of more power and authority. Handy (1999) reports that the initial goals of motivation research was to encourage individuals to provide better service to their...
6 Pages(1500 words)Essay

Impact of Rewards on Employee Motivation and Organisational Performance

...Design 34 3.4 Quantitative Research Method 35 3.4.1 Online Surveys 35 3.5 Qualitative Research Method 36 3.5.1 Open-Ended Questions 36 3.6 Validity and Reliability 37 3.7 Ethics 44 3.8 Summary 44 CHAPTER 4: RESULTS, ANALYSIS AND DISCUSSION 44 4. 1 Introduction 44 4.2 Results 45 4.2.1 Question 1: What are the drivers of motivation for old and fresh Saudi national employees of Banque Saudi Fransi? 47 4.2.2 Question 2: What are the effects of various financial and non-financial rewards on employee motivation? 56 4.2.3 Question 3: What are the effects of motivation on employee performance...
74 Pages(18500 words)Dissertation

Employee Motivation

..., i.e.: valence (emotional attractiveness of the results and rewards), expectancy (expectations of own craftsmanship and professionalism in achieving certain tasks), and instrumentality (the extent to which people consider the results achievable). The final action, according to Vroom, may be formulated the following way: F = E (I x V), Where F is favourable result, E is expectancy, I is instrumentality, and V is valence. Thus, effective managers, according to Vroom, identify individual factors and assess employee's beliefs. Respectively, in order to motivate people, the employers need to: Discover what specifically employees' value, i.e.: what results and rewards they consider subjectively attractive and motivational. Identify... what...
7 Pages(1750 words)Essay

Employee Motivation

...Employee Motivation Motivation influences productivity, and I believe it is essential to understand what motivates people to reach peak performance.It is not an easy task to increase their motivation because they respond in different ways. My first priority as a Web-Based Training Project Manager is to identify my core team and provide them with specific tasks. Secondly, my responsibilities will be to select and oversee the training and implementation of the new training management system. As company has provided me with Jonathan for assistance, it is crucial for me to first help him understand the new project. It will also be an opportunity for me to learn from Jonathan’s 15 years of experience in the company. His experience... Motivation...
2 Pages(500 words)Essay

Employee motivation

... of time to purchase the stocks at a particular price. References “Employee stock ownership plans can reward employees, increase productivity.” (2011). Incentive Industry News, LoyaltyWorks. Retrieved from http://www.loyaltyworks.com/incentiveindustrynews/incentive-programs/employee- stock-ownership-plans-can-reward-employees-increase-productivity/ “Theory X and Theory Y.” (2010). Management, NetMBA. Retrieved from http://www.netmba.com/mgmt/ob/motivation/mcgregor/... Employee Motivation There are a wide variety of personalities of worker out there. No matter what their work ethic, they require incentives in orderto work to the best of their abilities. In the 1960’s, there were two types of worker that...
2 Pages(500 words)Essay

Employee motivation

...to implement the tools they have received to motivate the employees of the company. There are a number of methods that a company and its managers can use to motivate their employees, some of these techniques include: Rewards and Incentives – This can be described as the simplest method of motivating the employees and involves various rewards and financial incentives to the most hardworking employees after a certain period of time. The winners of these rewards can be determined through the measuring of productivity for a certain period of time, and those with the highest...
7 Pages(1750 words)Essay

Employee Motivation

...Employee Motivation The motivation theory of equity s that managers can motivate their workforce or subordinates by making sure that the benefits and rewards the employees receive are in consistency with their hard work. The theory postulates that if employees perceive that the benefits such as salaries they are paid is not equal to the amount of hard work and effort they invest in their work, then employees will experience a decline in their motivation (Gitman 243). This is a theory that I as a manager would follow in order to motivate my workforce. Benefits, especially...
1 Pages(250 words)Assignment

Employee motivation

...Employee Motivation Employee Motivation Nohria, N., Groysberg, B., & Lee, L.-E. (2008). Employee Motivation: Harvard Business Review, 78. Summary The article by Nohria, Groysberg and Lee (2008) provides an insight into human behavior that reflects managerial structures within organizational environments. The three authors discuss related matters of human behavior in comparison to the immediate effect on company performance. The article Employee Motivation by Nohria, Groysberg and Lee (2008) is a projection of the authors’ opinion with regards to organizational performance. The authors’ intention in the article is to provide clarity on human effort within straining work environments. Additionally, the authors question a managerial... ,...
1 Pages(250 words)Case Study

Employee Motivation

...between the end-users and the workers which could actually titillate employee motivation at its peak. With a consistently motivated employee, it is no-brainer that a business can run its course into the industry for a long time. Furthermore, he also proposes a customer-driven approach not merely for the benefit of the customers but also to mold the interpersonal relations of the employee which any individual needs. Grant’s proposition is a psychological assertion in the same way the larger context of ‘motivation’ itself stands on a psychological platform. Psychologist Frederick Herzberg’s motivation-hygiene theory has...
2 Pages(500 words)Coursework
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 The Effects of rewards on employee motivation for FREE!

Contact Us