Compensation and Benefits Management Analytical Essay by The Research Group

Compensation and Benefits Management
Types, effectiveness, examples and effects on employees.
# 14194 | 1,350 words | 11 sources | 1999 | US
Published on Feb 07, 2003 in Business (Management) , Economics (Labor) , Psychology (Motivation Studies)


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From the Paper:

"COMPENSATION & BENEFITS MANAGEMENT: ISSUES ASSOCIATED WITH AND EXAMPLES OF SUCCESSFUL & UNSUCCESSFUL APPLICATIONS

Gupta and Shaw (1998) are among the latest of that group of human resources management theorists, experts, and commentators to contend that money is the strongest motivator in relation to obtaining desired levels of organizational performance and commitment. They contend that human resource managers should "design incentive schemes based on the premise that money is an effective and highly potent motivator. Used wisely, money as an incentive can result in substantial benefits" (Gupta & Shaw, 1998, p. 30). This contention is based on the attribution of two primary characteristics of money that motivate people. First, money provides people with the ability to acquire material benefits, and second, money ?represents status and ..."

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