Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 9, Problem 2CTC
What are some of the nonmonetary strategies companies must develop to attract and reward employees and keep them motivated?
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What are some of the nonmonetary strategies companies must develop to attract and reward employeesand keep them motivated?
How can organizations overcome a prevalent motivational challenge that often hinders employee performance and job satisfaction?
What is Attracting and Retaining the best employees?
How to apply it in a career context?
Chapter 9 Solutions
Introduction to Business
Ch. 9.1 - How did Frederic Taylor's studies contribute to...Ch. 9.1 - How are Taylor's insights still seen in today's...Ch. 9.2 - How did Mayo's studies at the Hawthorne plant...Ch. 9.2 - What is the Hawthorne effect?Ch. 9.2 - Was the practice of dimming and brightening the...Ch. 9.3 - What is Maslow's hierarchy of needs, and how does...Ch. 9.3 - What are some criticisms of Maslow's hierarchy?Ch. 9.4 - How do the Theory X, Theory Y, and Theory Z...Ch. 9.5 - What is Herzberg's theory, and how does it relate...Ch. 9.5 - How can a manager use an understanding of...
Ch. 9.5 - What are the limitations of Herzberg's theory?Ch. 9.6 - Discuss the three relationships central to...Ch. 9.6 - Explain the comparison process that is a part of...Ch. 9.6 - How does goal-setting theory contribute to our...Ch. 9.6 - What are the main elements of reinforcement...Ch. 9.7 - Explain the difference between job enlargement and...Ch. 9.7 - What are the four work-scheduling options that can...Ch. 9.7 - Are all employees motivated by the same economic...Ch. 9.8 - What benefits can an organization derive from...Ch. 9.8 - Why are sabbaticals growing in popularity as...Ch. 9.8 - How are knowledge workers different from...Ch. 9.8 - Why are absenteeism and turnover rates increasing,...Ch. 9 - You join a large bank that encourages and promotes...Ch. 9 - How are social and economic factors influencing...Ch. 9 - What are some of the nonmonetary strategies...Ch. 9 - What "reward factors" would be important to you...
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Similar questions
- How can organizations effectively motivate and support their employees in career building to enhance job satisfaction, engagement, and overall performance?arrow_forwardEvaluate the significance of benefits and perks in attracting and retaining employees. Support your answer with examples from the corporate world.arrow_forwardEmployee retention for talented and potential employees is critical for organizational performance. Choose at least two (2) theories of reward management and explain its application in retain employeesarrow_forward
- We've discussed Total Rewards approach to attracting and retaining employees. Assume that you are an External Consultant and were hired to evaluate a small business start-up (or business of interest to you) on how they should structure their Total Rewards program. Based on what you have learned about legally required vs. strategic (voluntary) rewards and provide an initial proposal for what this organization needs to do to be compliant with the law and reasonably attract workers.You must identify the jobs/nature of the work for which you are hiring and seeking to base compensation decisions upon. You must state whether they would be low vs. highly skilled workers and define the work to be performed in preparing your proposal . In your response, you should be able to provide an overall plan with recommendations (e.g., You don't have to state what the wages would be but you should be able to recommend to an employer how they could determine it - minimum wage, premium above minimum wage,…arrow_forwardMotivation is the driving force that propels individuals toward achieving their goals and fulfilling their aspirations. It serves as the catalyst for action, influencing behavior, and sustaining the momentum needed to overcome challenges. Whether intrinsic or extrinsic, motivation plays a crucial role in shaping human behavior and determining the level of effort one is willing to invest in a particular task or objective. Intrinsic motivation arises from internal desires, passions, or a genuine interest in an activity, while extrinsic motivation is derived from external factors such as rewards, recognition, or societal expectations. The interplay between these motivators varies among individuals, and understanding what inspires and drives a person is essential for unlocking their full potential. Cultivating motivation involves recognizing personal strengths, setting achievable goals, and fostering a positive mindset. When motivation is present, individuals are more likely to persevere…arrow_forwardWhat are the legally required and discretionary benefit programs important and why are they a great incentive to recruit, motivate and retain their employees?arrow_forward
- What are the key factors that contribute to employee turnover, and what strategies can businesses employ to improve employee retention and engagement?arrow_forwardWhen has your level of performance been directly affected by your motivation?arrow_forwardExplain the relationship between rewards and employee motivationarrow_forward
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