This website uses cookies to ensure you have the best experience. Learn more

Organization Behaviour Essay

4745 words - 19 pages

INTERNATIONAL RESEARCH JOURNAL OF MANAGEMENT AND COMMERCE
VOLUME-1, ISSUE-6 (September 2014)
ISSN: (2348-9766)

IMPACT OF FINANCIAL AND NONFINANCIAL REWARDS ON
EMPLOYEE MOTIVATION

Madhuri Kshirsagar,

Dr. V. Y. Waghale,

Research Scholar

Dhanwate National College
Congress Nagar, Nagpur-440012
(Maharashtra) India

ABSTRACT
Employees lacking motivation can present a problem for all types of organizations, and there
can be far-reaching impacts when employee performance is down. The ability to foster a
motivating work environment is essential, and strategies must focus on how employee
satisfaction and performance levels are tied to motivation. There are several ways that
...view middle of the document...

International Research Journal of Management and Commerce (IRJMC)
Website: www.aarf.asia. Email: editoraarf@gmail.com , editor@aarf.asia
Page 61

INTERNATIONAL RESEARCH JOURNAL OF MANAGEMENT AND COMMERCE
VOLUME-1, ISSUE-6 (September 2014)
ISSN: (2348-9766)
especially something that involves hard work and efforts. It thus must be borne in mind that a
highly motivated employee uses his potentials to the optimum level and makes goal-directed
efforts while raising the best level of efficiency towards the accomplishment of organizational
objectives, whereas the one who’s not motivated does not do so.
Managing reward is largely about managing expectations what employees expect from their
employers in return for their contribution and what employers expect from their employees in
return for their pay and the opportunity to work and develop their skills. Expectorations are built
into the employment relationship, the starting point of which, from the rewards point of view, is
an undertaking by an employee to provide effort and skill to the employer, in return for which
the employer provides the employee with a salary or a wage. The purpose of managing the
system of rewards within the organisation is to attract and retain the human resources the
organisation needs to achieve its objectives. To retain the services of employees and maintain a
high level of performance, it is necessary to increase their motivation and commitment. In effect
the organisation is aiming to bring about an alignment of organizational and individual
objectives when the spotlight is on reward management.

1.1 Incentives/Rewards:
“Incentive” may be defined as a stimulus or encouragement for grater action. When used in
terms of wage policies, it usually refers to additional remuneration paid to an employee, if the
work units produced by him exceed an established standard. Incentives are offered to employees
to encourage them to greater effort in production than would normally be expected.
Varma and Agarwal (1994) defined; rewards are the payments made to the employees as
compensation for the services rendered by them to the organisation. Compensation or
remuneration is what employees receive in exchange for their work in the enterprise, and
Criffeth, Hom (2001) defined that compensation is the benefits made to employees by employer
for attracting and retaining personnel in the organisation. Thus the concept of incentives /
rewards implies increased willingness or motivation to work.
Reward strategy is the deliberate utilization of the pay system as an essential integrating
mechanism through which the efforts of various sub units and individuals are directed towards
the achievement of an organisation strategic objective, subject to internal or external constraints.
A Monthly Double-Blind Peer Reviewed Refereed Open Access International e-Journal - Included in the International Serial Directories.

International Research Journal of Management...

Other Papers Like Organization Behaviour

Organization Behaviour Essay

1970 words - 8 pages 2.0 EVOLUTIONS AND TYPES OF COMPUTERS 2.1 Evolution of computers Evolution of computers can be traced as far back to around 5000 B.C. when human beings of those days were looking for an easy way of performing calculations. In this section we will briefly discuss some of the path-breaking inventions in the field of computing devices. These inversions lead to the generation of the diverse types of computers we see today. 2.1.1 Calculating

Organization Behaviour Essay

1003 words - 5 pages 1.0 Motivation 1.1 Definition Motivation is the cause of movement and the feeling within an individual that makes them to achieve a personal need or expectation. Kendra Cherry has defines motivation as the process that initiates, guides, and maintains goal-oriented behaviours. The term of motivation suggests goal-oriented behaviour directed at achieving an individual goal or goals. (Cherry, K. 2015). Hence, the motivation is personal and come

Organizationa Behaviour

1212 words - 5 pages research before applications can be made for managing people effectively. MODERN APPROACH TO ORGANIZATIONAL BEHAVIOUR The modern approach to organizational behaviour is the search for the truth of why people behave the way they do. The organizational behaviour is a delicate and complex process. If one aims to manage an organization, it is necessary to understand its operation. Organization is the combination of science and people. While science and

Miss

1809 words - 8 pages Dr Alf Crossman Organisational Behaviour Management Work 1 Key Areas of Focus • Division of Labour • Adam Smith • General Principles of Management • Scientific Management • Frederick Winslow Taylor Organisational Behaviour • Henri Fayol • Bureaucracy • Max Weber 2 Session Objectives • To explore the nature of classical organization theory • To become familiar with the key classical theorists’ work • To

Organisational Politics

870 words - 4 pages Political Behaviour in Organizations Review the definition of organizational politics. Discuss whether an organization can be totally free of political behaviours? How could managers minimize political behaviours in their organization? (Farrell and Petersen 1982) states that Political behaviour resides in informal structures and relates to the promotion of self and group interests rather than being part of those formal roles regulated by

Organizational Behaviour

1134 words - 5 pages : The study of moral principles or values that determine whether actions are right or wrong and whether outcomes are good or bad. Globalization: Occurs when an organization extends its activities to other parts of the world, actively participates in other markets, and competes against organizations located in other countries. Grafting: The process of acquiring knowledge by hiring individuals or buying entire companies. Intellectual capital

Assess the Usefulness to Marketing Management of Ajzen’s (1991) “Theory of Planned Behaviour”

2650 words - 11 pages , M. (2001). Efficacy of the theory of planned behaviour: A met analytic review. British Journal of Social Psychology, 40(Dec.), pp.471-499. Bagozzi, R. P. (1988). The rebirth of attitude research in marketing. Journal of the Market Research Society, 30(2), pp.193–195. Bagozzi, R. P., & Burnkrant, R. E. (1979). Attitude organization and the attitude–behavior relationship. Journal of Personality and Social Psychology, 37, pp.913–929. Baker

Hr Mamangement

572 words - 3 pages to work together and maybe even learn and appreciate everyone’s culture. (.Managing Organizational Behaviour in Canada, Sniderman /Bulmash/ Nelson/ Quick). Niagara College is also a very strong future organization. (.Managing Organizational Behaviour in Canada, Sniderman /Bulmash/ Nelson/ Quick) They support and reward their students who try to make the best decisions for their future. In doing so Niagara College offers scholarships and

Emlployee Behaviour and Motivation

1878 words - 8 pages and with that how an individual is motivated and what can an organization do to motivate employees like providing attractive incentives, recognition, rewards so on and so forth. I will also explain the motivational theories and techniques of motivation and how these techniques make an impact on an employee. I have shared my experience as well. 2.0 Employee Behaviour Various elements decide an individual’s behaviour in the workplace

Consumer Behaviour

1633 words - 7 pages groups, which are more formal and have less regular interaction. These includes organizations like religious groups, professional association and trade unions. o Family:-  Family members can strongly influence buyer behaviour. The family is the most important consumer buying organization society and it has been researched extensively. Marketers are interested in the roles, and influence of the husband, wife and children on the purchase of

Employee Behavioral Shape Organization Design and Behavior Control Is Non Existent in Organizations

4908 words - 20 pages the standards he has set and rewards himself accordingly (Kirsch, 1996). Informal control mechanisms help to coordinate employee behavior through interpersonal, social and/or cultural influence methods. Here, the behaviour is monitored informally by the peers rather than formally by the superior (Snavely, 1990). The purpose of this essay is to identify the organization designs, the impact or influence of employee behaviour in designing these

Related Essays

Organization Behaviour Essay

544 words - 3 pages * What is the relevance of Organizational Behaviour to practicing managers? Organizational behavior (OB) is the study of human behavior in organizational settings, how human behavior interacts with the organization, and the organization itself. All three of these areas are ultimately connected and necessary for a comprehensive understanding of organizational behavior in the workplace. Learning about organizational behavior in today’s business

Organization Behaviour Essay 899 Words

899 words - 4 pages COURSE : DIPLOMA IN BUSINESS ADMINISTRATION | COURSEWORK 1 Year | 2015 | MONTH | JANUARY 2016 | Subject | BDB1394 ORGANISATIONAL BEHAVIOUR | Weightage | 30% (INDIVIDUAL ASSIGNMENT) | Submission Date | 10th March 2015 | REGULATIONS A. Late Submission * A 10% deduction per day of total coursework marks (excluding weekends and public holidays). * Late submission between 5 to 10 days, results in a 50% deduction of

Organization Behaviour Essay 616 Words

616 words - 3 pages behaviour, avoidance policies, individualism values among co-worker discourage student to trust on him and to that bring issues which affecting their performance to outcome. Working in fast track assembly line with surface-level diversity women Bill and Robert tried to create nurturing oriental culture to make the work-life balance among assembly line workers but their achievement oriental culture and distributive justices towards students increase

All About Organization Behaviour Essay

5037 words - 21 pages Subject : Organizational BehaviourQuestion :"Since behaviour may be generally predictable, there is no need to formally study OB". Comment on this statement and discuss what have you learnt in the subject organizational behaviour in this semester and how you can apply it to your daily life and to your job.Our CommentsAlthough Organization Behavior (OB) can be learnt by experience, it takes long time to investigate and understand human's behavior