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    Human Resource Management: Course Code: MGT350

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    Noor Deen
    The document discusses human resource management topics such as organizational reward systems, the selection of rewards including intrinsic and extrinsic types, job satisfaction and how rewards impact it, and performance-based rewards. It provides information on developing an effective organizational reward system including recognizing meaningful rewards, linking rewards to performance, and factors that influence employee job satisfaction.

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    Human Resource Management: Course Code: MGT350

    Uploaded by

    Noor Deen
    27 views11 pages
    The document discusses human resource management topics such as organizational reward systems, the selection of rewards including intrinsic and extrinsic types, job satisfaction and how rewards impact it, and performance-based rewards. It provides information on developing an effective organizational reward system including recognizing meaningful rewards, linking rewards to performance, and factors that influence employee job satisfaction.

    Original Title

    Lecture 8

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    The document discusses human resource management topics such as organizational reward systems, the selection of rewards including intrinsic and extrinsic types, job satisfaction and how rewards impact it, and performance-based rewards. It provides information on developing an effective organizational reward system including recognizing meaningful rewards, linking rewards to performance, and factors that influence employee job satisfaction.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    27 views11 pages

    Human Resource Management: Course Code: MGT350

    Uploaded by

    Noor Deen
    The document discusses human resource management topics such as organizational reward systems, the selection of rewards including intrinsic and extrinsic types, job satisfaction and how rewards impact it, and performance-based rewards. It provides information on developing an effective organizational reward system including recognizing meaningful rewards, linking rewards to performance, and factors that influence employee job satisfaction.

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    You are on page 1of 11

    Human Resource Management

    Course Code: MGT350

    Dr. Imran Shafique


    Lecture Outline

    1. Organizational Reward System

    2. Selection of Rewards
    3. Job Satisfaction and Rewards
    Organizational Reward System

    A system related to selecting the rewards types to be

    used by the organization


    Organizational Rewards

    Consequences of employment with the


    organization; comprises all rewards types,
    intrinsic and extrinsic
    Types of Rewards

    1. Intrinsic Rewards
    Rewards internal to the individual and normally
    derived from involvement in certain activities/tasks
    2. Extrinsic Rewards
    Rewards that are controlled and distributed directly
    by the organization and are of a tangible nature
    Intrinsic Vs Extrinsic
    Selection of Rewards
    1. Management must recognize what employees perceive as
    meaningful rewards

    I. Pay is usually the first, and sometimes the only, reward


    most people think about

    II. However, rewards should be viewed in the larger


    perspective as anything employees value

    III. May include things such as

    A. Office location
    B. Allocation of certain pieces of equipment
    C. Assignment of preferred work tasks
    D. Informal recognition
    Rewards & Performance
    • Rewards should depend on performance

    • Performance–reward relationship is desirable at

    – Organizational and Individual level

    • Motivation will lead to desired rewards

    – Formal rewards are not related to performance

    – Determined by organizational membership/seniority; include

    • Paid vacations

    • Insurance plans

    • Paid holidays
    Rewards & Performance
    1. Trust in management

    1. If employees are skeptical of management, it is difficult to


    make a pay-for-performance program work

    2. Absence of performance constraints

    1. Jobs must be structured so that an employee’s performance


    is not hampered by factors beyond his or her control

    3. Trained supervisors and managers

    1. Supervisors and managers must be trained in setting and


    measuring performance standards

    4. Good measurement systems

    1. Performance should be based on criteria that are job specific


    and focus on results achieved
    Job Satisfaction & Rewards
    1. An employee’s general attitude toward the job

    I. Organizational reward system often has a significant impact


    on level of employee job satisfaction

    II. Manner in which extrinsic rewards are dispersed can affect


    intrinsic rewards (and satisfaction) of recipients

    2. There are five major components of job satisfaction:

    I. Attitude toward the work group

    II. General working conditions

    III. Attitude toward the company

    IV. Monetary benefits

    V. Attitude toward management


    Job Satisfaction & Rewards
    1. Other components include

    I. Employee’s state of mind about the work itself

    II. Life in general

    III. Health, age

    IV. Level of aspiration, social status, and political and social


    activities

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