The purpose of this paper is to investigate monetary reward allocation decision-making in an Arab-Islamic business environment. The more individualistic personal orientation, the more likely the decision makers are to allocate the biggest reward to the best performer and to believe that the equity principle is best for distributing rewards. In the context of a society transitioning from collectivistic to individualistic cultural values, the level of education is associated with preference for the equity principle in reward allocations.
More Essay Examples on Motivation Rubric On the other hand, giving extrinsic rewards is one way to motivate the employees. As stated from Chapter 5: But then of course, the employee must see the reward as a motivator for it to be effective.
Treating everyone equally could be unfair if they participated and contributed at different levels. Allocation of rewards based on total months worked on the project Each employee worked a different length of months.
Devin and Erin both worked on the project starting from the beginning which means they have worked on the project for the year or 12 months each. Alice worked on the project for 8 months.
Carrie and Bruce both worked on the project for 6 months each. With those numbers given, I have added them all and came up with 44 months.
It is understandable that the project was only for a year or 12 months to be exact, so why 44 months? Devin has been working in the company for 5 years. Erin has been working in the company for 2 years. Alice has been working in the company for 4 years.
Carrie has been working in the company for a year and Bruce has been working in the company for 3 years. With those numbers given, I have added them all and came up with 15 years. I have made my performance ranking on each employee based on what they contributed to the success of the project.
I gave Devin and Carrie a ranking of 3. Alongside, he put in a lot of extra hours for this project and worked from the very start of the project. As for Carrie, she is also the best in my ranking because she was in charge of the web development and was primarily responsible for meeting the project deadline.
Carrie did work for the project for only 6 months; nevertheless, she put in a lot of extra work hours for the project. Alice, the technical lead who oversaw the technical aspects of the project, received a ranking of 2 or good.
Erin also received a 2for her performance.Complexity characterises the behaviour of a system or model whose components interact in multiple ways and follow local rules, meaning there is no reasonable higher instruction to define the various possible interactions..
The term is generally used to characterize something with many parts where those parts interact with each other in multiple ways, culminating in a higher order of emergence.
For those beginning to invest as well as those investing and saving in the context of retirement, this publication explain three fundamental concepts of sound investing: asset allocation, diversification and . Averages and Volatility.
While historic averages over long periods can guide decision-making about risk, it can be difficult to predict (and impossible to know) whether, given your specific circumstances and with your particular goals and needs, the historical averages will play in your favor.
Passive index investors reject market timing and stock picking in favor of owning broad index funds.
This simplifies most investing decisions, but leaves one very important one: asset tranceformingnlp.com do you deploy your money across different asset classes such as stocks, bonds, cash, real estate, and commodities?.
Of those asset classes, the allocation between stocks and bonds is the most. BREAKING DOWN 'Risk-Return Tradeoff' The risk-return tradeoff is the trading principle that links high risk with high reward. The appropriate risk-return tradeoff depends on a variety of factors.
Asset allocation is an investment strategy that aims to balance risk and reward by apportioning a portfolio's assets according to an individual's goals, risk tolerance and investment horizon.