Managerial Organizational Behaviour - Haohe Construction Motivation System
Managerial Organizational Behaviour - Haohe Construction Motivation System
Part A
In every business organization, compensation or reward is an important issue and is identified to be a motivating factor, for employees to perform well and contribute effectively to the organization’s growth and for the attainment to whatever goal the organization has. One of the organizations that needed to have a good reward system is the construction industry. This is because the construction industry is composed of various workers: engineers, architects, electricians, technicians, foremen and labourers who are usually required to work even on holidays and weekends because construction projects have a definite time-frame and should be finished as demanded by the client and the weather. Aside from that, construction workers are exposed to accidents, injuries and hazards, thus reward system in this industry should be carefully given attention.
Haohe Construction China Ltd is a private owned Chinese company that specialized in providing engineering construction services such as general contracting, planning, design, mechanical & electrical installation and project management. The elements of the reward system in Haohe include both the extrinsic and intrinsic rewards: compensation, benefits, work importance, social interaction and work variety.
In Haohe, extrinsic rewards are very important to be able for employees to meet their needs and to support their life. Compensation involves wages and bonuses while benefits include insurances and premiums that can be received in particular instances. Wages and benefits are the direct financial rewards. These are more important than the other elements of the reward because money helps meet the basic material needs; increases purchasing power of employees; raise the standard of living; and solve immediate financial problems (Ofili, 2004). The low wage prevalent in the industry is the reason behind the shortage of skilled workers and the
Part A
In every business organization, compensation or reward is an important issue and is identified to be a motivating factor, for employees to perform well and contribute effectively to the organization’s growth and for the attainment to whatever goal the organization has. One of the organizations that needed to have a good reward system is the construction industry. This is because the construction industry is composed of various workers: engineers, architects, electricians, technicians, foremen and labourers who are usually required to work even on holidays and weekends because construction projects have a definite time-frame and should be finished as demanded by the client and the weather. Aside from that, construction workers are exposed to accidents, injuries and hazards, thus reward system in this industry should be carefully given attention.
Haohe Construction China Ltd is a private owned Chinese company that specialized in providing engineering construction services such as general contracting, planning, design, mechanical & electrical installation and project management. The elements of the reward system in Haohe include both the extrinsic and intrinsic rewards: compensation, benefits, work importance, social interaction and work variety.
In Haohe, extrinsic rewards are very important to be able for employees to meet their needs and to support their life. Compensation involves wages and bonuses while benefits include insurances and premiums that can be received in particular instances. Wages and benefits are the direct financial rewards. These are more important than the other elements of the reward because money helps meet the basic material needs; increases purchasing power of employees; raise the standard of living; and solve immediate financial problems (Ofili, 2004). The low wage prevalent in the industry is the reason behind the shortage of skilled workers and the
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