Organizational Rewards Systems

Term Paper # 100381

Business > Administration
Business > Companies

An examination of the rewards system at auditing firm, Ernst & Young, written from the perspective of one of their employees.

2,253 words () | 5 sources | MLA | 2007 United States

Paper Summary:

This paper discusses the hierarchy of needs theory and the expectancy theory and how they apply to the rewards system at Ernst & Young. The paper is written by an employee of Ernst & Young and describes the company's rewards system and benefits package. The paper examines the theoretical underpinnings of Ernst & Young's present day rewards system and summarizes A. Maslow's major tenants in his hierarchy of needs paradigm.

From the Paper:

"A more self-actualized senior executive, on the other hand, is confident enough of his abilities and eager enough to solve problems on a regular basis no matter what the difficulties and he will be innately more comfortable with uncertainty and risk. And the grater the risk, as the old adage goes, the greater the rewards. The most valued of which isn't necessarily money and what it can buy, financial security or status or the camaraderie of his fellow executives but the conviction that he is living up to his fullest potential."

Sample of Sources Used:

Coles, Sarah. "Satisfying basic needs." Employee Benefits (2001): 3. Business Source Premier. 13 November 2006. http://search.ebscohost.com.
Ferris, Kenneth R. "A Test of the Expectancy Theory of Motivation in an Accounting Environment." Accounting Review 52.3 (1977): 605. Business Source Premier. 13 November 2006. http://search.ebscohost.com.
Kennedy, Charles W. "An Empirical Comparison of Several Within-Subjects Forms of Expectancy Theory." Academy of Management Proceedings (1980): 166-170. Business Source Premier. 13 November 2006. http://search. ebscohost.com.
Maslow, Abraham H. "A Theory of Human Motivation." Psychological Review 50 (1943): 370-396
Murray, Dennis, and Frazier, Katherine Beal. "A Within-Subjects Test of Expectancy Theory in a Public Accounting Environment." Journal of Accounting Research 24.2 (1986): 400-404. Business Source Premier. 13 November 2006. http://search.ebscohost.com.

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APA Citation:

Organizational Rewards Systems (2012, January 15). Retrieved February 13, 2012, from http://www.academon.com/Term-Paper-Organizational-Rewards-Systems/100381