making presented in this chapter. Based on Schrage’s first scenario‚ the problem would be: “If the CRM will completed‚ what would happen to the current employees?” As such‚ that should be the focus of the CIO. There is still no guarantee that there would be mass layoff‚ but only a possibility. Therefore‚ the CIO needs to discuss with its employees the possible scenarios and identify what method of action should be taken for each of the scenarios. One possible scenario is that the mass layoff is inevitable
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Bonus to the employees Introduction The scenario is thus expounded as how to distribute the bonus to the employees who are present in the ample amount. The process of parceling out the bonus to the several employees had thus become a major issue. It has thus become a question because the employees receiving pronominal bonuses from the company thus feel rather crest fallen and the others receiving higher amount feel motivated to proceed out with the good work again to have more bonuses next time
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CHECKPOINT: MOTIVATING EMPLOYEES A manager can motivate an employee by using both intrinsic and extrinsic motivation‚ depending on the type of employment. Finding ways for the employees to actually enjoy their job is probably the best way to motivate. Typically‚ if an employee enjoys their job‚ they are more likely to perform their job more efficiently. If it’s a job that is hard to find ways to make more enjoyable‚ using extrinsic motivation such as a higher pay or rewards upon performance
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While working as a manager in an organization‚ his job is to make sure that the employees are doing their jobs and they are doing it in the most productive way. But employees are not machines that we could just program their task in their brain and they will do it automatically‚ they require motivation to actually do their job properly. This is easier said then done‚ to understand the ways of motivating people we first need to understand human nature‚ which is the fundamental nature and substance
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all that apply (from the options provided below‚ A-D) It has been suggested that “financial rewards do not guarantee more productivity‚ but paying attention to employees’ motivational needs does” and that “managers need to pay less attention to financial incentives and more to the actual motivation needs of their employees” (Sunday Business Post 2012). This is further supported by the results of the 2011 Mercer’s What’s Working survey where “being treated with respect‚ a work-life balance
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Using rewards to motivate employees. How to pay: rewarding individual employees to variable pay programs Types of pay programs Piece-rate pay Merit based pay Bonuses Skill based pay Profit sharing plans Gain sharing Employee stock ownership plans Evaluation of variable pay Piece rate pay Provides no base salary and pays the employees only for what the one produces. E.g. ball park workers Limitations are that they are not feasible for many jobs Profit sharing plans
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information you need to have a good understanding of what telecommuting is and why it is becoming so popular. In addition‚ it will discuss how businesses design telecommuting jobs‚ how they work and how they are managed. Telecommuting involves letting employees of a company complete part of if not all of their daily work in the convenience of their own home. In some cases this may involve connecting to the companies computer network through the Internet via modem. In other cases it may just mean they
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Motivation of employees is an important part of the success of the business. “Psychologist Abraham Maslow proposed that all people seek to satisfy five basic kinds of needs: physiological needs‚ safety needs‚ belongingness needs‚ esteem needs‚ and self-actualization needs.” (Jones & George‚ 2011‚ p. 303) If the needs‚ within reason‚ of the employee are being met‚ than it’s only makes sense that the employee will exceed goals‚ be happier at the workplace‚ and have more motivation to continue
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Review on Related Literature In considering the nature of performance management and performance appraisal it is primarily needed for managers and supervisors to appreciate how these two aspects are related yet‚ should not be seen synonymously. In fairly simple terms performance based pay can be seen as a holistic process which aims to bring together a number of aspects‚ including appraisal. Thus‚ performance management may be thought of as being more strategic in its intent to achieve high levels
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mo Motivating Employees Motivating Employees In today’s professional world an important part of business education is motivational theory; the motivation of employees will be discussed in this paper both intrinsic and extrinsic‚ I will explain how management can motivate their employees. Many things come into play when you get a job; some people know when they are hired that they should do their best‚ because that’s what is to be expected from them. Other people when they are hired feel
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