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Essay / Research Paper Abstract
This 8 page paper is part of a larger project setting up a firm. This paper looks at the way in which compensation packages may be developed and presents a five year projection based on provided employee number requirements. The bibliography cites 3 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEphaseIV.doc
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Unformatted sample text from the term paper:
will be offered. The firm needs employees that are skilled and motivated, with the approach to business there will also be benefits if EZ Tech can pursue a strategy
that offers value to the firm and the employees in order to reduce attribution due to the costs associated with recruitment and training. As the firm is set up
there is the potential to address this from the outset from the top down. To consider the general strategy both motivation theory and equity theory may be considered and related
to compensation strategy. There are many ways in which employees may be motivated, this is not only in terms of salary, otherwise the idea of economic man would be successful,
but in terms of social man. Mayos theories based on the Hawthorn studies in the 1920s appeared to lend credibility to the view that man was not just economic, the
idea of social man was formed (Baron, 1987). Economic man model assumes man only motivation to work is money. If this were the case all that would be necessary to
gain the best employees and keep them would be to offer a good basic wage. The Hawthorn studies looked at a group of workers who were placed in
marginally improved working condition, this group of people demonstrated an increase in productivity. This started to give credence to the view that working condition have a direct impact on productivity.
However, the studies would also show that when the study group suffered a decline in working condition their productivity still improved, proving that it was the special attention the study
group received which increased the productivity rather than the actual conditions. Therefore, he theorised that the relationship between employer and employee, and between employees would impact on both the
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