In: Operations Management
Evaluate how outdated motivation theories can lead to ineffective and antiquated rewards systems, as noted by Bowey (2005).
Analyze the role that culture as a component of compensation design plays in the creation of motivation theories.
Researchers have been able to successfully establish that employees and administrators do have social needs which in fact have an influential impact on their behavior at work. Thus employees do passionately take up occasions where they get an opportunity to contribute with their thoughts, view point and knowledge on problems that are actually existing in their workplace.
However many companies have been able to successfully execute and implement novel and innovative work atmosphere and conditions that have been able to generate good results. For instance Google is well-known for its 20-percent time program which indeed facilitates an employee to expend 20 percent of their time on projects that interests them and Google mail was one most accomplishing project that came out of the program.
Furthermore the basic temperament needed to be curious and self-directed and look for way out to resolve the crisis business administrators who can acknowledge and implement such values in individuals in an organization can indeed help to provide an intrinsic motivation where you can expect to have created a whole new workplace and have entirely given a new definition of work.
Corporate culture is all about individual’s behavior for instance how workers attain their goals in order to ascertain a culture that facilitates to drive business success thus now-a-days business do sought to correlate a considerable element of their compensation systems to behaviors.
All compensation systems are affected by the existing corporate culture and local culture in which the company functions besides business administrators also aim to think about those factors of compensation design which they consider as elementary to their own business culture.
Thus it’s firmly believed that effective and efficient organization culture can indeed help to keep the employees more engaged besides it also facilitates to create a good company reputation and this indeed helps to build a strong image which makes it possible to attract good talents.