Compensation Approaches

Description

Think about your current or a previous job, or a job you know well. Imagine that the HR department was going to design a compensation approach for that job that was aligned with reinforcement, expectancy, and agency theories. I used to work for starbucks, please use that company. Please watch rhe videos below as well. Click on the hyperlink.

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Three YouTube videos that help to explain the three theories of motivation in this week’s reading:

Agency Theory (With Real World Examples) | From A Business Professor

Vrooms Expectancy Theory

Reinforcement Theory

Respond to the following in a minimum of 175 words:

Briefly describe the job.
Describe a compensation approach for that job that aligns with all 3 theories. Consider the following questions when writing your response:
What are the potential advantages of this plan?
What are the potential negatives of this plan?
What might be difficult in administering this plan?