139 DB wk4 KJ Essay Example | Topics and Well Written Essays - 250 words

139 DB wk4 KJ - Essay Example These people are governed by a common set of workforce principles (Waxer). Cirque du Soleil encourages its employees to contribute to the organization. As a result, Cirque du Soleil shows represent a blend of global influences and are well appreciated by people all over the world. Cirque du Soleil is a good corporate citizen as it dutifully discharges its corporate social responsibility. Cirque du Soleil has reached dizzy heights and has an international presence. The company’s founder Guy Lalibertà © has not forgotten his humble past and therefore helps underprivileged sections of the society. The company sets aside one percent of its revenue for outreach programs to help at-risk kids. Cirque du Soleil recognizes the importance of paying back to the communities in which it operates. These social initiatives enable Cirque du Soleil gain international goodwill. Ethnocentrism, the belief that one’s own ethnic and cultural group is important, plays a significant role in fulfilling this social role. Cirque du Soleil’s own team represents varied cultures from all over the world. People from diverse regions, beliefs and attitudes are treated with respect and dignity. The organization extends the same feeling of equality while contributing meaningfully to 80 communities in more than 20 countries (Cirque du

Human Resource Management, Extrinsic and Intrinsic Award Essay

Human Resource Management, Extrinsic and Intrinsic Award - Essay Example These rewards are more relevant in low power-distance countries with good governmental support systems (Buelens et al., 2006, Pg. 232). Hence the need for extrinsic or intrinsic rewards should be gauged with reference to these social and cultural contexts. However in the era of globalization, making a choice between intrinsic or extrinsic becomes difficult. Balancing between these two extremes is a must for a modern day manager. As a manager, creating congenial environment that encourages intrinsic motivation will develop into intrinsic rewards at a later point. Framing rewards and recognition programs (extrinsic rewards) that complement an individual's intrinsic motivation will yield efficient results as well. E.g. recognizing the quick learning curve of an employee re-asserts the fact that intrinsic rewards such as learning will be rewarded if they are in line with company objectives. Overall balancing is an act of recognizing employee motivation rather than making choices on their behalf. What is the relationship between an employee's salary and his or her feeling of worth Explain your rationale from the viewpoints of an employee and a manager. How can managers create a balance between the two Total words: 250 Employee's salary can have a positive/negative feeli... 177-179). Hence a perception of fulfillment of these needs increases the feeling of worth and vice-a -versa. From an employee view-point salary should compensate for skill sets, previous experience, job responsibilities and be comparable with best in the industry. However a higher need for esteem fulfillment is also cognitively linked to salary in an employee's mind. From a manager's aspect salary is only flexible to the extent that it remains within the band prescribed by the organization for a particular level. Salary accounts to cost if the manager is responsible for a cost location. Hence in terms of worth, manager has fewer strings to influence the perception considering only the $ value of salary. Manager can create a balance by providing a salary structure that reflects the perception of worth in the employee's mind such as performance related pay, recognition for additional responsibilities handled etc. Apart from basic need fulfillment, employee perception can be influenced by fulfilling the need for esteem. Higher responsibilities, skill variety, task identity and significance (Buelens et al., 2006, Pg.193-194) - All these can be part of the overall job package apart from salary, which will influence the perception of worth positively. As a conclusion, compensation should be seen as a continuum of satisfying needs and flexed within boundaries to improve the perception of worth. What type of compensation component would you like to have through your employer that is not currently offered Explain your rationale. Explain both the benefits and negatives this component will bring to you as an employee and will bring to the company. Total words: 257 Performance based pay is the new component preferred.