Question
Considering the two articles; why cash doesn't motivate and work-life balance is not a perk, consider the following: Compensation practices in today's workplace are varied,
Considering the two articles; "why cash doesn't motivate" and "work-life balance is not a perk", consider the following:
Compensation practices in today's workplace are varied, but many industries have incentive packages that can create bias from the employee when the incentives are purely tied to financial performance. We have covered the balanced scorecard in Chapter 13 and as a group completed one. In addition, the articles identified additional considerations with cash not being a motivator and certain groups looking for the work-life balance amongst many other goals/objectives in their workplace.
For this assignment, consider your objectives and goals for a workplace and design a compensation scheme that will consider both financial and non-financial components - both intrinsic and extrinsic rewards. Further, consider the work-life balance that you are looking for and include those thoughts (benefits) you are looking for in your future workplace.
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