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    Appraising and Rewarding Performance

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    Rodmer Rojas

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    Appraising and Rewarding Performance

    Uploaded by

    Rodmer Rojas
    3K views11 pages

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    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    3K views11 pages

    Appraising and Rewarding Performance

    Uploaded by

    Rodmer Rojas

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 11

    Chapter 6

    Appraising and Rewarding Performance


    Prepared by: Rodmer L. Rojas

    McGraw-Hill/Irwin

    2002 The McGraw-Hill Companies, Inc., All Rights Reserved.

    6-1

    TOPIC OUTLINE

    a. Rewards System b. Money as an Economic and Social Medium of Exchange c. Management by Objectives d. Behavioral Considerations in Performance Appraisal e. The Characteristics of Good Feedback Programs f. How and Why Link Pay with Performance

    McGraw-Hill/Irwin

    2002 The McGraw-Hill Companies, Inc., All Rights Reserved.

    6-2

    REWARDS SYSTEM-A COMPLETE PROGRAM

    Figure 6-1
    The reward pyramid: The makeup of a complete pay program
    (read from bottom)

    McGraw-Hill/Irwin

    2002 The McGraw-Hill Companies, Inc., All Rights Reserved.

    6-3

    MONEY AS A MEANS OF REWARDING EMPLOYEES

    Application to the Motivational Models


    Drives Needs Expectancy Behavior Modification Equity
    Cost-reward comparison
    McGraw-Hill/Irwin 2002 The McGraw-Hill Companies, Inc., All Rights Reserved.

    6-4

    MONEY AS A MEANS OF REWARDING EMPLOYEES

    Figure 6-3 Cost of performance in relation to reward for employee

    McGraw-Hill/Irwin

    2002 The McGraw-Hill Companies, Inc., All Rights Reserved.

    6-5

    MONEY AS A MEANS OF REWARDING EMPLOYEES

    Additional Considerations in the Use of Money


    Extrinsic and Intrinsic Rewards

    Compliance with the Law


    Equal Pay Act of 1963 Comparable worth

    Other Factors
    McGraw-Hill/Irwin 2002 The McGraw-Hill Companies, Inc., All Rights Reserved.

    6-6

    ORGANIZATIONAL BEHAVIOR AND PERFORMANCE APPRAISAL

    Management by objectives (MBO)


    1. Objective setting 2. Action planning 3. Periodic reviews 4. Annual evaluation

    Performance appraisal
    McGraw-Hill/Irwin 2002 The McGraw-Hill Companies, Inc., All Rights Reserved.

    6-7

    ORGANIZATIONAL BEHAVIOR AND PERFORMANCE APPRAISAL

    Appraisal Philosophy
    1. Performance orientation 2. Focus on goals or objectives 3. Mutual goal setting between supervisor and employee 4. Clarification of behavioral expectations 5. Extensive feedback systems

    The Appraisal Interview

    McGraw-Hill/Irwin

    2002 The McGraw-Hill Companies, Inc., All Rights Reserved.

    6-8

    ORGANIZATIONAL BEHAVIOR AND PERFORMANCE APPRAISAL

    Performance Feedback Guidelines:


    1. Be Specific 2. Allow Choice 3. Check for Understanding 4. Relate it to Job 5. Make it well-timed 6. State it objectively 7. Determine if it is desired

    McGraw-Hill/Irwin

    2002 The McGraw-Hill Companies, Inc., All Rights Reserved.

    6-9

    ECONOMIC INCENTIVE SYSTEMS

    Figure 6-9

    Advantages and disadvantages of incentives linking pay with performance

    McGraw-Hill/Irwin

    2002 The McGraw-Hill Companies, Inc., All Rights Reserved.

    6-10

    Questions
    McGraw-Hill/Irwin 2002 The McGraw-Hill Companies, Inc., All Rights Reserved.

    6-11

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