Is Financial Compensation Beneficial Or Detrimental In An Empowerment E

IntroductionWhat is an Em male monarchment ? Basically empowerment heart giving the employee the ability to do their work, i.e. through the right field training, the right environment, the right information, the right tools and the authority that they need.It is thought that by giving the employee increased power and responsibility that the employee allow for have increased motivation. Organisations have developed a number of newly programs in which it is hoped that employees go out have empowerment and so increased motivation.What is an Empowerment Program ? There atomic number 18 six unlike forms of empowerment programs.i.Pay for Performance. This gives employees takes in relation to their performance on the job.ii. crap Sharing. Employees are rewarded when performance tar take ups are met.iii.Employee Stock Ownership Plan (ESOP). Employees are given characters in the company and so co-own the company which allow them to share in the improved profit performance.iv.Lump-Sum Bonuses. Rewards are given to employees in a lump sum based on performance.v.Pay for Knowledge. When employees learn new skills they are rewarded. This leads employees to learn new skills and so become more flexable inside a company.vi.Flexible Work Schedules. Workers can set their own work times.MotivationMotivation is a force which pushes a person to abridge a particular course of action, i.e. being motivated to go to school, to score something out of it, be it, to learn new things or just to posture a good job out of it at the end which pull up stakes bring high earnings.A basic model of motivation is shown belowNEEDBEHAVIORREWARDThis shows motivation in action, from the previous face we can show that the need is the desire to learn or to get a good job, the behavior is to go to college or university and then the reward is gaining knowledge or a good job.There are dickens different types of reward intrinsic rewards and extrinsic rewards. Intrinsic are rewards gained in performing an action, i.e. f... ...with his two factors that workers have a set of motivators that it is best to distil on as this will lead to more job ecstasy and so improved motivation, of these motivators none of these were financial rewards. Improving financial rewards will lead to less job dissatisfaction and not job satisfaction or improved motivation for the work.Taylor argues that workers are like donkeys and that money is the main motivation, this is because in the capitalistic world today money does make a percentage of difference and as in Maslows hierarchy of needs to retaliate the lower levels of the needs, money does make the difference and employees will be influenced by the amount of money that they can have, it will leave them feeling secure. overall I feel that financial rewards can be very skilful in an empowerment program and lead to job satisfaction which will lead to increased motivation from workers.BibliographyManagement, Fourth Edition. Richard L. Daf t.Business Information Technology, Systems, Theories and exertion. Geoffrey Elliot and Susan Starkings.The Practise of Management. Peter F. Drucker.Information Systems A Management Prospective, Second Edition. Stephen Alter.