List and Discuss Three of the Four Major Approaches to Job

question 141

Essay

List and discuss three of the four major approaches to job design.

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Definitions:

Compensation System

An organized approach used by employers to determine the value and pay structure for different positions within the organization.

Compensation Strategy

A plan or approach designed by an organization to determine how employees are rewarded for their work, including salaries, benefits, and bonuses.

Extrinsic Rewards

Benefits or compensation provided by external factors, such as money, grades, or recognition, to motivate behavior.

Monetary Rewards

Financial incentives given to employees in recognition of their work performance, contribution, or achievements.