What motivates teams’ workers and employees within organization? also whats the best way to compensate and...

What motivates teams’ workers and employees within organization? also whats the best way to compensate and reward your employees and teams?

Expert Solution

There are multiple factors that motivate the team's workers and employees within an organization. It usually varies organization to organization and employees to employees. Some employees are motivated over a decent salary while some want career advancement and appreciation. Usually, it is a good salary and career advancement that keeps the team's workers and employees motivated. The team workers and employees in my organization are motivated over a decent salary and time to time appreciation from the management.

The best way to compensate and reward the employees and team is to provide them incentives. The incentives should be tied with the performance or goals. Once a team achieves the goals, the team, as well as individual employees, should be provided with the incentive according to their achievements. Rewarding the team will encourage teamwork while rewarding individual employees will make them loyal to the company.

keosha answered 2 months ago

What is the correlation between the proper training of new employees and performance within an organization?...

What is the correlation between the proper training of new employees and performance within an organization? What is the significance of including an orientation program for new hires? Thank you

Tuition reimbursement is a great tool not only for the employees but also for the organization...

Tuition reimbursement is a great tool not only for the employees but also for the organization that provides it. Most organizations that have this benefit require the employees to obtain a grade of C or higher to earn the benefit. If this is the only requirement for the reimbursement, many organizations could be taken advantage of just for a degree. The company that I work for provides tuition reimbursement, but they also have further requirements that must be met. First,...

Why is important to understand what motivates employees to commit fraud when you are planning to...

Why is important to understand what motivates employees to commit fraud when you are planning to investigate the fraud scheme?

Pick an organization in the food or drug industry. What market structure best describes the environment within which the organization operates?

Brainstorm Question Pick an organization in the food or drug industry. What market structure best describes the environment within which the organization operates? What challenges and opportunities would arise from higher and lower degrees of government intervention?

One way to reduce the agency problem is to understand what motivates the agents (managers)”. Discuss...

One way to reduce the agency problem is to understand what motivates the agents (managers)”. Discuss this statement using the Agency theory and Maslow’s hierarchy of needs model.

What market structure best describes the environment within which your organization operates? What challenges and opportunities...

What market structure best describes the environment within which your organization operates? What challenges and opportunities would arise from higher and lower degrees of government intervention? (A federal bank )

Employees are motivated by different things. Tell us what motivates you to do well at your...

Employees are motivated by different things. Tell us what motivates you to do well at your job. Also, is there an example of a manager or supervisor who motivates you to do your best? How?

What motivates employees? The Great Place to Work Institute evaluated nonfinancial factors both globally and in...

What motivates employees? The Great Place to Work Institute evaluated nonfinancial factors both globally and in the United States. The results, which indicate the importance rating of each factor, are stored in Table 6. These items were chosen carefully to match each by a common characteristic or factor. At the 0.05 level of significance, is there evidence of a difference in the mean rating between global and U.S. employees? The first few lines of data are shown below: Factor Global...

What are the advantages to firms from using incentive contracts to compensate employees? Explain the underlying...

What are the advantages to firms from using incentive contracts to compensate employees? Explain the underlying economic intuition.

What is the difference between Gig workers and traditional workers; are workers within the Gig economy...

What is the difference between Gig workers and traditional workers; are workers within the Gig economy employees or independent contractors; who benefits?

Question