Purchase Solution

Organizational Rewards

Not what you're looking for?

Ask Custom Question

The main purpose for organizational leaders to utilize the system of rewards and punishments for their subordinates is to establish a structural system of expectations. The author describes the distinction between intrinsic rewards and extrinsic rewards. An intrinsic reward for an individual really identifies that person's level of self-satisfaction and self-gratification

(Greenwald, 2008). Extrinsic rewards consist of work benefits, bonuses, and pay (Greenwald, 2008). Different rewards fancy different people more than others two (Greenwald, 2008). Of course, extrinsic rewards are far more popular than intrinsic rewards because they are most definitely more readily available as well as more visible (Greenwald, 2008). The discussion then went on to provide explanations of socioeconomic rewards versus instrumental rewards. Whereas socioeconomic rewards is a gratisfaction, instrumental rewards are tangent. There are many incentives out there that senior leaders use to attract talent. Whenever incentives are placed in the organization, there will most likely be some conflict between players. My organization seems to have decent extrinsic benefits, while intrinsically, it is up to the individual (Greenwald, 2008).

Reference:
Greenwald, 2008. Reward and punishment. Organizations: management without control. chapter 6.

Purchase this Solution
Solution Summary

This solution discusses importance of structuring organization to maximize employee performance through intrinsic and extrinsic rewards. Includes APA formatted references.

Solution Preview

Organizational rewards make most people think of the extrinsic rewards a company offers to attract and keep employees. These may be in the form of work benefits, bonuses or compensation, as you mention. Extrinsic rewards are "personally gratifying resources (such as money) given to people in exchange for accepting and adequately ...

Solution provided by:
Sally Baldwin, Ed.D
Education
  • BA, University of Southern California
  • MSS, United States Sports Academy
  • Ed.D, Boise State University
Recent Feedback
  • "Thank you!:)"
  • "Thk u"
  • "Thank you!:)"
  • "Thank you!:)"
  • "Thank you!:)"
Purchase this Solution
Free BrainMass Quizzes
Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Introduction to Finance

This quiz test introductory finance topics.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

View More Free Quizzes
Related BrainMass Solutions

  • Artilce Review: Comparing US and Japan on Performance

    "Rewards and organizational performance in Japan and the United States: A Comparison? (Allen, White, Takeda & Helms, 2004).

  • Rewards Programs: Organizational and Training Development

    In your opinion, what are the two most effective appraisal methods and why 2) Discuss the importance of an organizational reward system. Describe the organizational rewards system used by a organization?

  • Total rewards program

    298416 Total rewards program In a proposal plan expand your plan to include a total rewards program that enforces key organizational objectives in a retail business like, Wal-Mart, K-Mart, Target, Ect. 1.

  • Policies and actions that promote good strategy execution

    The rewards, punishments, policies and procedures become now more internally controlled, but in conformity with the best practices and the overall organizational strategy.

  • Compensation and motivation

    Discussion Question #3: Discuss the impact of ethics on the determination of compensation and rewards systems. Be specific. Ethics goes hand in hand in terms of deciding the compensation and rewards systems in an organization.

  • Human Resource Director Tasks, Rewards, and Characteristics

    The effective HR policies help to create a culture in the workplace that is essential to achieve organizational goals (Banfield & Kay, 2008). It enables employees to perform according to the organizational objectives and strategies accordingly.

  • Reasons for Organizational Decline & Steps to Prevent

    An organizational culture and structure must be developed that rewards innovation and creativity, and undermines bureaucracy. All involved must keep up with the market and competitors.

  • HR Functions: Problems, Solutions and Reward System Remedies

    Carefully plan, design and monitor rewards systems and incentives, including those that link personal pay to non-financial measurements e.g., personal development initiates, job descriptions, project or organizational objectives/goals, etc.

  • Total Rewards Package

    (Kilman 1999) The organizational strategy allows the firm to properly plan and budget for the rewards process. Non-monetary recognition acknowledgements are done through praise, plaques, special meals or show tickets.

View More Related Solutions