Employee Motivation and Compensation

Paper Summary:

The paper reveals how business has determined that money is not the only thing that employees want. The paper looks at compensation trends today and how they are being used in the automobile industry. The paper explains how the career anchors that an employee has (i.e., what is important to the employee), strongly influences what will motivate him/her to work harder and continue to perform at a high level. The paper shows how the trend, therefore, is to compensate employees based on what they need and want. The paper concludes that if the automobile industry continues to do this, it will also continue to please its customers.

Outline:
Introduction
Trends
Career Anchors and Motivation
Conclusion

From the Paper:

"There are many trends when it comes to employee motivation and compensation, because big business has determined that money is not the only thing that employees want. Instead, these employees are motivated by different things. It used to be that everyone assumed that employees wanted more money, and they could do any job forever, as long as they were given periodic raises and/or bonuses. In other words, the employer assumed that money was all that mattered to these people that worked for the company. However, employers eventually began to realize that praising employees made them smile, and having a casual day once a week made employees more relaxed."

Sample of Sources Used:

• Blau, G. (1993). Testing the relationship of control to different performance dimensions. Journal of Occupational & Organizational Psychology, 66: 125-138.
• Bonnie, F. (1996). Moving up! Ward's Dealer Business.
• Dubinsky, A.J., Yammarino, F.J., Jolson, M.A., & Spangler, W.D. (1995). Transformational leadership: An initial investigation in sales management. Journal of Personal Selling and Sales Management, 15: 17-29.
• Leonard, N.H., Beauvis, L.L., & Scholl, R.W. (1999). Work motivation: The incorporation of self-concept-based processes. Human Relations, 52: 969-998.
• Schein, E. (1985). Career Anchors: Discovering your Real Values. San Diego, CA: University Associates, Inc.

More papers on Employee Motivation and Compensation:

• Term Paper # 120475 : "Employee Motivation and Compensation"
• Research Proposal # 150180 : "Compensation and Benefits in Employee Motivation"
• Essay # 120620 : "Employee Motivation"

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