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o 5:00 pm. ?Motivators for professionals ? Job challenge ? Organizational support of their work Current Issues in Motivation (cont’d) ? Motivating Contingent Workers ?Opportunity to bee a permanent employee ?Opportunity for training ?Equity in pensation and benefits ? Motivating LowSkilled, MinimumWage Employees ?Employee recognition programs ?Provision of sincere praise Current Issues in Motivation (cont’d) ? Designing Appropriate Rewards Programs ?Openbook management ? Involving employees in workplace decision by opening up the financial statements of the employer. ?Employee recognition programs ? Giving personal attention and expressing interest, approval, and appreciation for a job well done. ?Payforperformance ? Variable pensation plans that reward employees on the basis of their performance: – Piece rates, wage incentives, profitsharing, and lumpsum bonuses Current Issues in Motivation (cont’d) ? Designing Appropriate Rewards Programs (cont’d) ?Stock option programs ? Using financial instruments (in lieu of moary pensation) that give employees the right to purchase shares of pany stock at a set (option) price. ? Options have value if the stock price rises above the option price。 they bee worthless if the stock price falls below the option price. Remendations for Designing Stock Options * Vesting refers to the time that must pass before a person can exercise the option. Source: P. Brandes, R. Dharwadkar, and . Lemesis, “Effective Employee Stock Option Design: Reconciling Stakeholder, Strategic, and Motivational Factors,” Academy of Management Executive, February 2022, p. 84. (cont’d) Remendations for Designing Stock Options Source: P. Brandes, R. Dharwadkar, and . Lemesis, “Effective Employee Stock Option Design: Reconciling Stakeholder, Strategic, and Motivational Factors,” Academy of Management Executive, February 2022, p. 84. From Theory to Practice: Guidelines for Motivating Employees ? Use goals ? Ensure that goals are perceived as attainable ? Individualize rewards ? Link rewards to performance ? Check the system for equity ? Use recognition ? Show care and concern for employees ? Don’t ignore money