Managing Human Capital Assignment Essay Example | Topics and Well Written Essays - 3000 words

Managing Human Capital Assignment - Essay representativePeople ar complex, and the elements that motivate the human will involve more than the material or financial. run into 1 is an authors conception of the gamut spanned by the human resource reward system in an organization. Rewards whitethorn be intrinsic or extrinsic intrinsic rewards are those values that an employee perceives he attains when he performs a certain job well. The value pursued by the employee is intangible, and the flawless execution of the job is itself its proclaim reward, from which the employee derives immeasurable personal satisfaction. Factors that may enhance intrinsic rewards to the employee allow in the ability to participate in decision-making, relation freedom and discretion on the job, the assignment of escape the employee finds more interesting, and the opportunity for personal growth, among others.There are likewise rewards that are of an extrinsic nature, that is, the source of the personal sa tisfaction derived by the employee is not part and bundle of the job itself, but is a result of the workings of the companys incentive policies and system.Extrinsic rewards may be classified as either financial or non-financial. Financial rewards may be murder based (e.g. piecework, incentive pay plans, performance bonuses and merit pay plans), implied membership based (e.g.. profit sharing, hail of living increases, time-in-rank increase), and explicit membership based (e.g. protection programs, pay for time not worked, and services and perquisites). Those non-financial rewards include preferred office furnishing, assigned parking spaces, and ability to determine ones preferred work assignments. Reference to different types of rewards or combinations thereof shall be made in the discussion.Merit issues span a broad and differentiated set of considerations, but which principally involve the determination of those aspects of