Preview

Practice 1 Productivity And Rewards

Satisfactory Essays
Open Document
Open Document
322 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Practice 1 Productivity And Rewards
TRY 1:
The main topic of the reading and the lecture is the relationship between productivity and rewards. The reading passage believes that reward system increase the productivity of workers significantly. On the other hand, the lecture stands against the system of rewards based on people experence and studies.
First, the reading passage tells that inorder to make employees work hard and improve productivity is to reward them with money, company stocks, special privilages, and many other ways. Furthermore, managerial consultants assures that such incentives improves employee attitudes, motivation, and productivity. Moreover, a well-known academic text on incentives points out that "the closer the link between jop performance and rewards, the greater the motivational effect." On the other hand, the lecture goes on to say that many experenced managers belives that rewarding dont increase productivity. People dont want to be rewarded, instead, they want to be paid and getting respect from the company. More important, many studies shows that reward system makes less productivity rather than more. Employees also belive that they are controlled, and they dont like being manipulated. Furthermore, the more the employees desire the reward and they fail to get it, the more disappointed they become, and that is away of punishments.
Second, the reading assures that the structure of reward system must be correct and reward should have high value for employees in order to increase the motivation. However, the lecture mentions that productivity schemes might even reduce the amount and quality of work, and could also damages the relationship between the employee and the supervisor. For example, if an employee faces a problem in work, instead of talking to his supervisor to fix the problem, he would conceal it to avoid getting bad rating and losing the reward.
To conclude, the reading belives that reward system increase the productivity of employees, while the lecture opposes the

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Week 2 summary ECO/365

    • 315 Words
    • 2 Pages

    The discussions this week included relationships between productivity and the wages earned by employees where they work or at an organization that they have experience with. “Productivity in economics is output per unit of input” (Colander, p. 204).We learned that economist tend to focus on the incentive effect and how more determined a person will work when there is potential for greater earnings, making that person more productive. Incentive, through money, is thought to be a powerful motivator, and companies will take a slight loss in profit to assure production rates stay high.…

    • 315 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Mas-Cadel Specialty Bicycle

    • 3810 Words
    • 16 Pages

    Khan, KU, Farooq, SU & Ullah, MI, 2010, ‘The Relationship between Rewards and Employee’, Research Journal of Internatıonal Studıes, May, Issue 14, pp. 37-42.…

    • 3810 Words
    • 16 Pages
    Powerful Essays
  • Satisfactory Essays

    We know that incentives and awards are some of the factors that motivate employees, and it is true that by nature we say that people get paid for doing their jobs and even sometimes we forget to thank them, that is why it is so important that we have a good incentive program in place because people do respond well to incentives for good performance, recognition and doing especially good work.…

    • 889 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    As already mentioned, a good reward system helps attract and maintain a highly skilled workforce, lower the rate of employee turnover, and inculcate a high performance culture. The first recommendation is that the Remington Hotels should ensure it has an elaborate reward system that award its employees’ effort and that recognizes them among other employees. According to Gagne (2014), an employee reward system encourages other workers to increase their performance once they see that effort is rewarded (p. 61). He further notes that a reward system is crucial for reducing levels of burnout among employees, which is attributed to lack of motivation for workers who place much effort in their work.…

    • 492 Words
    • 2 Pages
    Good Essays
  • Good Essays

    First, the rewards part is not big enough to attract employees’ attention. All we can see from the case is to give employees points and small percent of salaries. The reward should not limit in monetary reward, if an employee does a great job, manager can increase his/her salary, give monetary reward and promote him/her.…

    • 871 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Frederick W. Taylor, a management pioneer, stated that existing reward systems were not designed to reward a person for high production (Ames & Ames, 1989). He observed a very interesting phenomena. It seemed that once a worker realized someone producing less was receiving the same kind of rewards, he would also decrease his own level of production. So, in order to solve this problem, Taylor worked on developing a system that would financially compensate each worker accordingly. This work evolved into existing theories of motivation. Nowadays, money remains a major player in the game of motivation but in further developing these theories, other variables have been added.…

    • 940 Words
    • 4 Pages
    Powerful Essays
  • Better Essays

    A Positive Motivation Plan

    • 1187 Words
    • 5 Pages

    Compensation is a very important aspect for rewarding increased performance but has a limited effect in increasing an employee’s motivation and satisfaction (Robbins & Judge, 2007). Rewarding employees…

    • 1187 Words
    • 5 Pages
    Better Essays
  • Good Essays

    The main thrust of this essay is to critically analyse the relationship between reward ,employee motivation and productivity.Humble (1992) goes on to define motivation as an influence that causes people (employees in this case) to want to behave in a certain way.Productivity is then defined as the measure of efficiency with which a firm turns inputs which are…

    • 959 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Hp Casestudy

    • 783 Words
    • 4 Pages

    The last problem identified in the case study is the reward system. The reward system was noted to be complex that no knew how their performance effected their bonuses’. Hewlett-Packard employees were leaving and having trouble attracting new ones.…

    • 783 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Question 35

    • 330 Words
    • 2 Pages

    The article we found indicates that when organizations use pay as motivator the organization’s productivity can effectively increase. For example SEE PPT…

    • 330 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Theory X, Y, and Z

    • 911 Words
    • 4 Pages

    -Rewards and punishment are assumed in this theory to be the key to employee productivity.…

    • 911 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    For the short run it is clear that tying reward to performance is the best way of motivating employees. However in the long run trusting employees and valuing their performance can be done in other ways such as a pad on the back and say job well done or acknowledging and thanking them in the monthly newsletter of the firm. Annual Bonus schemes and appraisal performance may be a loss to the firm for they should focus on profit (instead of downgrading that profit) and existence of the firm and secondly, the money isn’t theirs it is the shareholders money. Now employee has developed the norm that they can only perform to get a reward. The author believe that the salary is enough but what needs to be done is to have well defined followed protocols and trainings for it is clear that the ASCs are incompetent for them to feel that they belong and the firm cares about them to execute their task successfully and to achieve the firms long term goals.…

    • 489 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Job Evaluation

    • 2257 Words
    • 12 Pages

    Develop an alternative reward system for bank’ employees and explain why it is superior to the proposed reward system…

    • 2257 Words
    • 12 Pages
    Better Essays
  • Satisfactory Essays

    Many countries offer extra cash to their employees who work well or make a significant benefit to businesses in order to stimulate the staff to work harder and better. It can be argued that this type of management strategy could be a drawback to an organization while some people believe that it is an effective technique. This essay will explain how the rewarding strategy improves staff’s working ability and also present other method used to encourage the workers who dedicate themselves to their work.…

    • 340 Words
    • 2 Pages
    Satisfactory Essays