Employee Contributions Write a three to five page paper (not including APA formatted cover page and Reference section) that compares and contrasts the effectiveness of merit versus incentive pay in...

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Employee Contributions


Write a three to five page paper (not including APA formatted cover page and Reference section) that compares and contrasts the effectiveness of merit versus incentive pay in motivating an employee. Incorporate at least two outside sources (other than the textbook) into your work.

Answered 3 days AfterMay 17, 2021

Answer To: Employee Contributions Write a three to five page paper (not including APA formatted cover page and...

Abhishek answered on May 20 2021
137 Votes
Running Head: EMPLOYEE CONTRIBUTIONS                        1
EMPLOYEE CONTRIBUTIONS                                7
EMPLOYEE CONTRIBUTIONS
Table of Contents
Introduction    3
Impact of Employee Motivation on Work Performance    3
Theories Related to Employee Motivation    4
Scientific Management Theory    4
T
alent Management Theory    4
Effectiveness of Merit versus Incentive Pay in Motivating Employees    5
Effectiveness of Merit in Motivating Employees    5
Effectiveness of Incentive Pay in Motivating Employees    5
Conclusion    6
References    7
Introduction
Employees are the pillars of any organization and their involvement is as important for the growth and the development of the company. The management is always keen to encourage the talents among the employees. The profitable and talented staff recruitment is the deciding factor of upcoming projects and the revenue from that project. Customer satisfaction also works as an indication of good behavior and quality service production by the particular company and the base of this system is the employees.
Impact of Employee Motivation on Work Performance
The various different types of management theories are applied to analyze the business structure of a certain company, which includes the employee behavior towards the workplace also. The various reports display that the 70% employees are not satisfied with their work and they intend to leave the company. The various employees are even facing mental trauma through the company discipline and other various reasons. These situations are creating a difficult field for development of the particular company and motivating their staff to invent creative ideas.
Sometimes, the involvement of the employees in the management related projects encourage them to think more responsibly towards the business of the company (Collings, Mellahi & Cascio, 2019). This project highlights the two of the most important aspects of the company to analyze the employee behavior and their interest in the workplace. The various management theories are included in this particular elaborated project and case studies are even playing the vital part of the data collection for this particular project. The money and merits are the two participant aspects in this project.
Theories Related to Employee Motivation
Scientific Management Theory
This theory was introduced by F.W Taylor and known as Taylorism. This particular management theory concentrates over the incentive payments of the employees. This theory is based on four principles (Braverman, 2020). Those are involving the technical and the appropriate way of conducting the task. The manager should not allow the “rule of thumb'' in case of...
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