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Compare and contrast intrinsic and extrinsic motivation

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Reference no: EM133181482

Top management has decided to review its compensation/reward structure. The company currently uses a seniority-based pay system and wants to utilize more of a performance-based pay system. They have employed a Compensation Strategist, who has recommended that they strengthen their indirect financial pay systems in order to facilitate intrinsic and extrinsic motivation. The Strategist also believes that a salary survey should be completed to investigate issues that might also exist of comparable worth.

  • Explain what Pay for Performance Systems are and briefly describe them with examples.
  • What are the two main differences between direct financial and indirect financial compensation?
  • Briefly explain the concept of comparable worth.
  • Compare and contrast intrinsic and extrinsic motivation

Reference no: EM133181482

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