Final answer:
The passage in the book of Matthew, chapter 25, verses 14 through 46, addresses the concepts of job design, employee involvement, and reward structures. It parallels the psychological contract between the employee and employer, internal equity in establishing a pay structure, and motivation. Rewards in my organization are related to performance through performance evaluations and recognition programs. The philosophical effects of a reward structure on organizational culture can be positive or negative.
Step-by-step explanation:
The passage in the book of Matthew, chapter 25, verses 14 through 46, addresses several concepts related to job design, employee involvement, and reward structures. It can be paralleled to the psychological contract between the employee and employer, internal equity in establishing a pay structure, and motivation.
In terms of the psychological contract, the passage emphasizes the expectation of employees to use their talents and resources effectively (verse 14-15) and be accountable for their actions (verse 19-23). It also highlights the importance of stewardship, where employees are entrusted with responsibilities and are expected to produce results (verse 21).
In relation to internal equity in establishing a pay structure, the passage emphasizes the reward proportional to the effort put in by the employees. For example, the servants who doubled their talents were rewarded accordingly (verse 20-23), while the servant who did not make any effort to multiply his talent faced consequences (verse 26-30).
Regarding motivation, the passage demonstrates the use of rewards as a motivational tool. The servants who were faithful and produced good results were rewarded with more responsibilities and praise (verse 21, 23), while the unfaithful servant faced punishment (verse 26-30).
In my organization, rewards are related to performance through a system of performance evaluations and recognition programs. Excellent performance is acknowledged with bonuses, promotions, and public recognition, which motivate employees to strive for success.
The philosophical effects of a reward structure on organizational culture can be positive or negative. A well-designed reward structure can foster a culture of motivation, innovation, and excellence. It can align employees' efforts with organizational goals and create a sense of fairness and satisfaction. On the other hand, an unfair or ineffective reward structure can lead to demotivation, internal conflicts, and a toxic work culture.