10 Employee Movements & Reward System Module

EMPLOYEE MOVEMENTS & REWARDS SYSTEM MODULE NELSON G. VERSOZA, T-2 JANUARY 24, 2018 LC. Differentiate various employee movements ABM_AOM11-Iia-b25 A. EMPLOYEE MOVEMENTS 

The modifications in the status or nature of em ployment of personnel.

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Occur as result of employees’ PA, org. structuring or certain operational requirements. Ex. PSR

1. Promotion - The upward or vertical movement of em ployees in the organization from lower level jobs to higher level. 2. Separation – termination of employment by the employee due to justifiable reasons or authorized causes by the management. It can be voluntary or involuntary. Voluntarily – Job resignation by the employee  Involuntary – Termination by the employer; retrench or lay off employees or close the establishment.  3. Retirement - Ending the employment of a regular personnel who reache s a retirement age. ½ month salary for every year of service. 4. Demotion - Compulsory reduction or downgrading of employee status/rank. LC. Adopt effective rewards system ABM_AOM11-IIA-b26 ABM_AOM11-IIA-b26 B. REWARDS 

Things given in recognition of one's service, effort, or achievement.

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Promotes the culture of excellence.

TYPES OF REWARDS 

1. Extrinsic  – Monetary or material rewards. Ex. Bonus, incentive, car plans, commission, etc.

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2. Intrinsic - Nonmonetary rewards given to employees who performed well, ex. Recognition, awards.

IMPLICATIONS FOR REWARDING WITH FINANCIAL INCENTIVES 1. Possible unethical behavior 2. Cutting costs 3. Discontentment & envy GROUP ADVANCE TASK: RESEARCH. On an Illustration board (1/2), write t he following: 1. Definition of Leadership (front) and picture, name, role/position, & background of Rodrigo Duterte (back). 2. Definition of Motivation (front) and FEAR AS MOTIVATION. EXPLAIN (back). GREEN 1. Definition of Leadership (front) and picture, picture, name, role/position, & background of Mother Theresa (back). 2. Definition of Motivation (front) and INCENTIVE AS MOTIVATION. EXPLAIN (back). ORANGE 1. Definition of Leadership (front) and picture, name & role/position of Andres Bonifacio (back). 2. Definition of Motivation (front) and POWER AS MOTIVATION. EXPLAIN (back). YELLOW 1. Definition of Leadership (front) and picture, name & role/position of Martin Luther King, Jr. (back). 2. Definition of Motivation (front) and GROWTH AS MOTIVATION. EXPLAIN (back). RED 1. Definition of Leadership (front) and picture, name & role/position of Bill Gates (back). 2. Definition of Motivation (front) and ACHIEVEMENT AS MOTIVATION. EXPLAIN (back). BLUE