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Presentation 2
- 1. Employee’s Involvement Vincent Botchwey StrayerUniversity Bus 520 Professor James Ruether November 19, 2016
- 2. THESIS: USING MOTIVATIONTO IMPROVE PERFORMANCE Recommending Actions to Promote Employee’s Involvement A. Employee involvement programs Participative Management Representative Participation B. Using Employee Rewards Establishing a pay structure Variable-Pay Programs I. Piece-rate pay plan II. Merit-based pay plan III. Bonus IV. Profit-sharing plan V. Employee stock ownership plan
- 3. C. Using Benefits Flexiblebenefit D. Using Intrinsic Rewards Employee recognition Programs
- 4. EMPLOYEE INVOLVEMENT PROGRAMS Employee involvementprograms promote company loyalty by encouraging employees to take mental ownership of the business. Participative Management: This is a process in which subordinates share decision-making power with their immediate superiors. It may occur through formal or informal way; formal way includes briefing & surveys; informal way include daily consultations. This system can only be effective if followers (employees) have trust and confidence in their leaders and leaders avoid coercive techniques (demotions, layoffs, termination, etc.) Representative Participation: Redistributes power within an organization, putting labor’s interest on a more equal footing with the interest of management and stakeholders by including a small group of employees as participants in decision-making. Examples include work councils, board representatives
- 5. USING EMPLOYEE BENEFITS EmployeeBenefits: defined as a form of compensation paid by employers to employees over and above regular salary or wages. Employee benefits come in many forms and are an important part of the overall compensation package offered to employees. Examples are Paid time off, such as PTO, sick days, and vacation days; health insurance, life insurance, retirement benefits (401k), etc. Flexible benefits: is a process where individualize rewards by allowing each employee to choose the compensation package that best satisfies his or her current needs and situation. It can accommodate differences in employee needs based on age, marital status, partner’s benefit status, etc. Flexible benefit plan
- 6. USING INTRINSIC REWARDS Employee Recognition Program: This is a plan to encourage specific behaviors by formally appreciating specific employee contributions. Employee recognition programs range from a spontaneous and private thank-you to widely publicized formal programs in which the procedures for attaining recognition are clearly identified. Examples are HERO GRAMS, CAUGHT IN THE ACT CARDS. Part of the incentive is simply to receive recognition, but there is also drawing for prizes based on the number of cards a person receives.
- 7. CONCLUSION • Employee involvementcan only be realized through motivation. • Motivation is a way of determining human nature in an organization and the standard of measuring employees commitment to job performance. • Employee involvement can be achieved through the following motivation tools; establishing employee involvement programs; using employee benefits; using intrinsic rewards.
- 8. REFERENCES Candace Webb (2016).Examples of employee involvement programs: Small Business, Chron. Retrieved from: http://smallbusiness.chron.com/examples-employee-involvement- programs-10647.html Kenneth Thomas (2009). The Four Intrinsic Rewards that Drive Employee Engagement: Ivey Business Journal, 73(6), p.9 Robbins, S. P., & Judge, T. A. (2017). Organizational Behavior (17th ed.). Upper Saddle River, NJ: Pearson Education , Chapter 8, page 242