Question

Form groups and outline a compensation package that you would consider ideal in motivating an employee, recognizing performance, and assisting the company in attaining its cost-to-performance objec-tives. Think about the impact of intrinsic and extrinsic motivation and recognition. How can flexible scheduling strategies be used effectively to motivate employees?

Answer 1

To design an ideal compensation package, consider intrinsic and extrinsic motivation, recognition, and flexible scheduling strategies.

Step-by-step explanation:

In order to design an ideal compensation package that motivates employees and helps the company achieve its cost-to-performance objectives, it is important to consider both intrinsic and extrinsic motivation, as well as recognition. A combination of tangible and intangible rewards can be effective in motivating employees. Tangible rewards such as salary and benefits can provide extrinsic motivation, while intangible rewards such as growth and development opportunities and professional relations can enhance intrinsic motivation.

Flexible scheduling strategies can also be used effectively to motivate employees. By allowing employees to have control over their work schedules and providing them with work-life balance, they can experience higher job satisfaction and motivation. Flexible scheduling can include options such as flextime, compressed workweeks, or telecommuting.