Describe three reasons why your boss should view pay as more important than he/she does.
1. Motivation
2. Fairness
3. Job
My boss should view pay as more important than he/she does because pay has an impact on employees’ motivation, perception of fairness and job satisfaction. All three of this factors influence the employees’ job performance and organization commitment. Strong job performance and organization commitment result in better financial and production outcomes for the company.
Motivation
Pay should be considered more important to my manager as pay is a strong motivator of job performance and organizational commitment. Motivation is a set of forces that originate within and outside an employee that initiates work related effort and determines its direction, intensity and persistence.
Per the expectancy theory, motivation is maximized when an employee believes three things: Effort will result in performance, performance will result in outcomes, and those outcomes are valuable. Pay is an extrinsic outcome that is …show more content…
Pay has a moderate correlation with an employee’s job satisfaction. The importance on pay will depend on how much value an employee places on the importance of pay to them. The value on whether an employee is dissatisfied with their pay can be quantified by multiplying the importance an employee places on pay by the difference between the pay they want and the pay they are currently receiving. This is known as the value percept theory.
Job satisfaction is important because it have a strong correlation with organizational commitment, in particular the employee will likely have an emotional attachment to the organization. This is known an affective commitment. As such, the employee is less likely to leave the organization which will reduce negative impacts on the bottom line of the company through less hiring and training
1. Motivation
2. Fairness
3. Job
My boss should view pay as more important than he/she does because pay has an impact on employees’ motivation, perception of fairness and job satisfaction. All three of this factors influence the employees’ job performance and organization commitment. Strong job performance and organization commitment result in better financial and production outcomes for the company.
Motivation
Pay should be considered more important to my manager as pay is a strong motivator of job performance and organizational commitment. Motivation is a set of forces that originate within and outside an employee that initiates work related effort and determines its direction, intensity and persistence.
Per the expectancy theory, motivation is maximized when an employee believes three things: Effort will result in performance, performance will result in outcomes, and those outcomes are valuable. Pay is an extrinsic outcome that is …show more content…
Pay has a moderate correlation with an employee’s job satisfaction. The importance on pay will depend on how much value an employee places on the importance of pay to them. The value on whether an employee is dissatisfied with their pay can be quantified by multiplying the importance an employee places on pay by the difference between the pay they want and the pay they are currently receiving. This is known as the value percept theory.
Job satisfaction is important because it have a strong correlation with organizational commitment, in particular the employee will likely have an emotional attachment to the organization. This is known an affective commitment. As such, the employee is less likely to leave the organization which will reduce negative impacts on the bottom line of the company through less hiring and training