Impacts of theories on compesation. Management Essay (Essay Sample)

Instructions:

Assume that, as the compensation professional, you are to present your reasoning, based on theory, for recommending certain compensation strategies. Explain at least two theories and identify how they impact compensation and the work environment.
For this assignment you will develop a 3-5 page, APA-formatted paper. As the compensation professional you will be writing the report for the owners of a new organization. In your paper cover the following:
Examine two theories that impact compensation.
Discuss how each of the theories can motivate employees.
Discuss specific types of compensation providing examples on how theory can influence employee performance.
Instructions:
Write a 3-5-page paper, or about 1500 words, not including the title and reference pages, which are required.
Your paper must be properly cited and formatted according to the CSU-Global Guide to Writing and APA.
You must support your analysis with at least two scholarly references and can include resources from this course.
The CSU-Global Library is a good place to find these sources. You cannot use Wikipedia or any CSU-Global assignment. For this assignment, a credible source is defined as:
A scholarly or peer-reviewed journal article.
A government-based website or publication.
A trade or industry journal article, publication, or website, including those from trade organizations such as SHRM.org and TD.org.
The paper must be formatted correctly using APA style.
if it helps the three major compensation theories are Theory X and Theory Y, The Equity Theory and Expectancy Theory

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Content:

IMPACTS OF THEORIES ON COMPENSATION
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There are various compensation theories that can be adopted to impact compensation in a positive manner. One of the compensation theories that would be focused on include equity theory and the expectancy theory. Equity theory is one of the major theories that impacts compensation in an organization. The equity theory mainly focuses on determining whether the resources are distributed fairly to both relational partners. The equity theory holds that satisfaction is based on fairness perception in an individual. The equity theory of compensation mainly involves balancing the rewards associated with the success of the individual and balancing the assessment of the worker’s contribution. The equity theory states that when a person tends to identify a case of inequality between themselves and the peers, then they would make efforts to make sure that adjustments to their work is made with the aim of making the situation to be fair (Gomez et al, 2014). In this case, it is important to restore equity within the relationship. According to the equity theory, the workers in an organization usually feel that their work performance and contributions should be rewarded with their pay. The theory impacts compensation by recommending the importance of ensuring that the employees are satisfied thus making them feel worthwhile which consequently makes them receive better outcomes. The other theory that impacts compensation is the expectancy theory.

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Impacts of theories on compesation. Management Essay (Essay Sample)

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