Discuss the importance of compensation management in the workplace. Explain how compensation fits into the Total Rewards System and how does it relate to the theory of motivation.
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Discuss the importance of compensation management in the workplace. Explain how compensation fits into the Total Rewards System and how does it relate to the theory of motivation.
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- Discuss in detail the concept of motivation and why it is important for employers and employees to understand motivation.Determine and evaluate three motivational theories that support the relationship between monetary compensation and employee motivation in light of the current discussion surrounding this relationship.What are the key theories of motivation in management and how do they influence employee performance and satisfaction?
- Discuss what are the limitations of motivation theories in the workplace?Evaluate the role of motivation in employee performance and satisfaction. Discuss different motivational theories and their practical applications in the workplace.Explain the importance of understanding human motivation from a managerial perspective in order to effectively motivate ALL employees in the organisation.