Motivation and Pay Case Study Example | Topics and Well Written Essays - 3000 words

Motivation and Pay - Case Study Example Many variables are found to be considerably related to indices of absence, the results appear to be unstable across situations and time. Every incentive program is based on a formula for enhancing motivation that engages four fundamental variables: effort, performance, outcomes, and satisfaction. The logic behind these programs goes something like this: employees at Gap Inc. will put in the accurate quantity of effort to meet performance hopes if these part time employees at Gap Inc. obtain the types of outcomes that include pay raises and promotions which will provide part time employees satisfaction. In simpler words, Gap Inc. should provide its employees what they want, and employees will work hard to get it. Conversely, the problem with most incentive programs like of Gap Inc. is that they center exclusively on the submission of outcomes and overlook the three beliefs that are the key to making the motivation solution work: The first conviction compacts with the relationship between employee effort and performance. The second compacts with the relationship between performance and outcomes. And the third compacts with the relationship between outcomes and satisfaction. These three beliefs form the basis of the belief system of motivation and performance. Accepting that these beliefs are decisive preconditions for motivatio... Accepting that these beliefs are decisive preconditions for motivation helps to explain why incentive programs generally yield such lackluster results like in case of Gap Inc. Since employees do not always hold these beliefs to be true, attempts to improve motivation by using incentives cannot make the grade, even when the incentives are highly desirable ones. Types of Motivation Problems One cannot do it Motivation problem: Lack of confidence Associated feelings: Self-doubt Anxiety Frustration Outcomes are not tied to one's performance Motivation problem: Lack of trust Associated feelings: Skepticism Disbelief Mistrust Outcomes will not be satisfying to one Motivation problem: Lack of satisfaction Associated feelings: Anger Rebelliousness Low Morale and Absenteeism At Gap Inc. a major transformation attempt only makes difficult the situation. If any of three beliefs are shaky to begin with, organisational change at Gap Inc. can weaken them even further. The result is often serious motivation and performance problems, at a time when organisations can least afford them, and a resultant surge in the negative emotions associated with change. When an employee believes 'one cannot do it' for example, one may develop a lack of self-confidence and begin to experience many of the unpleasant feelings that go along with it: self-doubt, anxiety, and frustration. About a year into the change effort, one manager portrayed the inner turmoil one went through by comparing the restructuring to building a ship at the same time one is trying to sail it. (Mele, 2003) Worker beliefs that 'outcomes are not tied to one's performance' can also escort to noteworthy motivation

My country is russia Essay Example | Topics and Well Written Essays - 1250 words

My country is russia - Essay Example As Paltsev and Reilly (2009) point out, the US and Europe remain wary of energy rich nations like Saudi Arabia and Russia. Weak Institutions Russia ranks 133rd out of 144 countries in the World Economic Forum’s (WEF) Global Competitiveness Index (GCI) 2012-2013. According to Aidis and Estrin (2005), the formal institutional environment is the main barrier in developing entrepreneurship in Russia. Corruption is the important factor due to the low income of the governing classes. Business cannot develop when property rights are not fully enforced, and there is no rule of law which provides a conducive environment for entrepreneurship. Adequate finance for private enterprise to flourish, is also lacking. Social Unity 100 billionaires own 30% personal wealth in Russia compared to a global figure of less than 2%. Russia has a dearth in social capital, which is based on trust, values and networks. Putnam and Pollock opine that social capital is â€Å"the capacity for self-organizat ion and collective action in pursuit of some common good† (Menyashev & Polishchuk, p 2). Social capital can lead to economic development in two ways. One is by cutting transaction costs in the private sector and the other by finding a solution to the agency problem between the government and society. Policies Energy Scenario Russia has diversified to find new customers in China, Japan and North America for natural gas. The state-owned Gazprom owns most of the gas reserves and pipelines after the Soviet disintegration. It has also created new pipelines that would bypass the other ex-Soviet republics. It has the eighth largest oil reserves in the world. Production of oil increased from 2000 to 2004 after which there has been a slowdown. On the other hand, the electricity sector has been reorganized, which has attracted foreign players. Russia formed the Gas OPEC or Troika inspite of which, spare capacity has moved beyond the OPEC. When it moved beyond usual production by exploit ing the Arctic and East Siberia, US became oil independent. Moreover, many countries also increased their oil production. When it reduced subsidies, maximized energy efficiency, and upgraded energy infrastructure, it did not offer reform to the sector and the politicized firms could not take advantage of this development. The demand for oil reduced because of factors like energy efficiency measures, Europe bypassing Russia and the breakthrough in energy resources. This has been despite a growth in population of Russia. Weak Institutions Due to excessive bureaucracy, there is a growth in informal networks, which help to mobilize resources. There is intimacy and reciprocity in such networks. The entrepreneurs use only short-term finance which could point to an underdeveloped banking sector with poor collateral laws. The liability ratio is less than one which restricts the scale of enterprise whether as a startup or for the purpose of expansion. Trade credit in the form of loans from o ne firm to another in the supply chain is used and the profit earned is ploughed back into the business. Unclear bureaucratic policies increase the cost to business. According to Transparency International, public officials and civil servants, including the police, are the most corrupt institutions in Russia. In 2012, Russia ranked 101 in the overall quality of infrastructure. Though Russia is one of the most educated countries, the quality of education is declining. Life expectancy is low when compared to countries with similar GDP. The number of