Compensation: Rewards and Recognition

Introduction Advertisements have us chasing cars and clothes, working jobs we hate so we can buy stuff we don't need. We are the middle children of history, with no purpose or place. We have no Great War, or Great Depression. The Great War is a spiritual war. The Great Depression is our lives. - Tyler Durden, 'Fight Club' We live in an era of relentless pressure and frenetic competition. Today, the world is a free …

…need to be "controlled" can become a self-fulfilling prophecy. * Managers need to be careful and thoughtful about the attributions they make about other people's motivations because the crucial role these motivations play in the design of an effective reward management system. * While money has only limited power to motivate, it does have the ability to de-motivate employees if they are dissatisfied with the amount they receive or the way in which this amount is determined.