04 Aug Discuss your perspective on the connection between compensation and retention.

Week 4

• Read Chapters 4 and 9 in Human Resources Management Issues, Challenges and Trends: “Now and Around the Corner” (In the attachments)

• • WATERING THE ORGANIZATIONAL LANDSCAPE -Meeting Employee Needs through HRM Flexibility
  • MILLENNIAL WORKERS AND THE EMPLOYEE ENGAGEMENT PHENOMENON

Ronald R. Sims. (2019). Human Resources Management Issues, Challenges and Trends: “Now and Around the Corner.” Information Age Publishing.

• Read Chapters 11, 12, and 13 in Cases in Human Resource Management (In the attachments)

• • Compensation Management
  • Incentive Pay
  • Employee Benefits

David Kimball. (2016). Cases in Human Resource Management. SAGE Publications, Inc.

• Rice University (n.d). OpenStax Reward Systems in Organizations, Reward Systems in Organizations. OpenStax CNX. Sep 18, 2018 Reward Systems in Organizations – Organizational Behavior (opentextbc.ca)

Supplemental Resources:

• Chapter 6 “Compensation and Benefits” in Human resource management. Retrieved from http://www.saylor.org/site/textbooks/Human%20Resource%20Management.pdf

• Chapter 7 “Retention and Motivation” in Human resource management. Retrieved from http://www.saylor.org/site/textbooks/Human%20Resource%20Management.pdf

• Rice University (n.d). Employee Compensation and Benefits Retrieved from OpenStax Employee Compensation and Benefits, Employee Compensation and Benefits, OpenStax CNX. Sep 18, 2018 https://opentextbc.ca/businessopenstax/chapter/employee-compensation-and-benefits/
• The Best Ways to Reward Employees (n.d). Retrieved from http://www.entrepreneur.com/article/75340 (A short article on how to reward employees

• Whitehurst (2018). Why aren’t we more invested in our work?

• Juneja (n.d). Purpose of a Job Analysis

• Juneja (n.d). Job Analysis Process

• Juneja (n.d). Job Design

• Juneja (n.d). Employee Retention

• Juneja (n.d). Importance of Employee Retention

• Juneja (n.d). Total Rewards Management

• Juneja (n.d). Motivation and Rewards

• Juneja (n.d). Job Analysis Methods

• Juneja (n.d). Issues in Job Design

• Juneja (n.d). Approaches to Job Design

• Juneja (n.d). Factors affecting Job Design

• Juneja (n.d). Employee Retention Strategies

• Juneja (n.d). Role of Motivation in Employee Retention

• Juneja (n.d). Employee Engagement and Employee Retention

• Juneja (n.d). Leadership: Intrinsic vs Extrinsic Motivation

• Gendelman (2016). 11 Employee Perks

OVERVIEW

This week covers four areas:

• compensation and benefits
• rewarding performance
• motivation and employee engagement
• employee retention

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What is required:

Part A: Motivation and Rewards (Minimum 2 paragraphs)

First, explain why is it important to understand what motivates employees. Then, refer back to lesson 7 (slide 8 is in the attachments) and discuss one theory of job dissatisfaction that you believe best applies to the understanding of motivation in the contemporary workplace. Finally, discuss why organizations provide both monetary and non-monetary rewards to employees. Share your thoughts, and use the articles and resources provided to support your ideas.

Part B: Compensation and Retention (Minimum 2 paragraphs)

Discuss your perspective on the connection between compensation and retention. What other factors might impact retention? What do you believe are the most important retention factors? Share your thoughts, and use the articles and resources provided to support your ideas.