Submitted by: Submitted by nayanrajmm
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Words: 260
Pages: 2
Category: Music and Cinema
Date Submitted: 10/26/2015 12:55 PM
Current situation
The current crisis Situation analysis The old incentive scheme is not working properly anymore
The employees do not trust it and do not see the point in participating in it
The employees stopped taking interest in the company
The company is completely depending on the goodwill of the employees
Scanlon needs to be adapted to the current situation or replaced by a more suitable incentive scheme Problem identification Maslow's point of view
None of the pyramids layers are completely fulfilled
ERG's point of view
The order of the layers is not important
Alternative Ideas
Is money the right motivator? Theoretical survey relevant to the situation Evaluation of the alternatives Suggested solution Conclusion Thank you for your attention! Situation analysis What is Scanlon incentive plan?
Team work and the bonuses
Why Scanlon was chosen and adopted?
The Downturn
The employees’ reaction to Scanlon plan
The employees choice Continue to apply Scanlon plan without any modifications (not to change anything in the company)
Modificate Scanlon plan and adjust it to current conditions
Introduce a new motivation system The Goal-Setting plan
What is Locke’s Goal-Setting theory?
Bent and Hayley should organise team building seminars and encourage unofficial meetings In order to achieve mutual benefits within organization and seek for constant financial gain, organizations should work on employees motivation
The theoretical part of the paper revealed that the whole Scanlons system was flawed and it was just a matter of time till it would stop working
Our solution for Engstrom is to apply a new “Locke’s Goal-setting” incentive scheme