Management by Objectives

1. Chapter 7 EOBMotivation: From Concept to Applications What is MBO? A program that encompasses specific goals, participatively set, for an explicit time period, with feedback on goal progress Management by Objectives Linking MBO and Goal-setting theory MBO in practice

2. Chapter 7 EOBMotivation: From Concept to Applications What are employee recognition programs? Employee Recognition Programs Employee recognition programs in practice Linking recognition programs and reinforcement theory

3. Chapter 7 EOBMotivation: From Concept to Applications What is employee involvement? A participative process that uses the entire capacity of employees and is designed to encourage increased commitment to the organization’s success Employee Involvement Programs Linking employee involvement programs and motivation theories Examples of employee involvement programs Employee involvement programs in practice

4. Chapter 7 EOBMotivation: From Concept to Applications Examples of employee involvement programs Participative management: A process in which subordinates share a significant degree of decision-making power with their ommediate superiors. Representative participation: Workers participate in organizational decision making through a small group of representative employees. Work councils: Groups of nominated or elected employees who must be consulted when management makes decisions involving personnel. Board representatives: A form of representative participation; employees sit on a company’s board of directors and represent the interests of the causes, recommend solutions, and take corrective firm’s employees. Quality circle: A work group of employees who meet regularly to discuss their quality problems, investigate actions. Emplyee stock ownership plans (ESOPs): Company-established benefit plans in which employees acquire stock as part of their benefits.

5. Chapter 7 EOBMotivation: From Concept to Applications • What are variable-pay programs? • A portion of an employee’s pay is based on some individual and/or organizational measure of performance. • Piece-rate pay plans: Workers are paid a fixed sum for each unit of production completed. • Profit-sharing plans: Organizationwide programs that distribute compensation based on some established formula designed around a company’s profitability. • Gainsharing: An incentive plan in which improvements in group productivity determine the total amount of money that is allocated. Variable Pay Programs Linking variable-pay programs and expectancy theory Variable-pay programs in practice

6. Chapter 7 EOBMotivation: From Concept to Applications • What are skill-based pay plans • Pay levels are based on how many skills employees have or how many jobs they can do Skill-Based Pay Plans Skill-based pay in practice Linking skill-based pay plans to motivation theories

7. Chapter 7 EOBMotivation: From Concept to Applications • What are flexible benefits? • Employees tailor their benefit program to meet their personal needs by picking and choosing from a menu of benefit options. Flexible Benefits Linking flexible benefits and expectancy theory Flexible benefits in practice

8. Chapter 7 EOBMotivation: From Concept to Applications Motivating professionals Special Issues in Motivation Motivating people doing Highly repetitive tasks Motivating contingent workers Motivating low-skilled service workers Motivating the diversified workforce

9. Chapter 7EOBMotivation: From Concept to Applications Summary and implications for Presidents

10. Thank you!