Applying Motivation Theories to Compensation Essay

Applying Motivation Theories to Compensation - Essay ExampleAs the discussion stresses Pats job has greater responsibility than that of Chris. Pat could be more successful or performs highly than Chris. Ninthly, pay might have job that involve more daedal tasks than those of Chriss.From this paper it is clear that Pat and the gaffer might have blood relationship thus giving her more benefit. Race Chris might be in minority group and their boss normally discriminates against them. Also, Pat might know about the companys negative side so she is paid more to keep her mouth shut. Finally, Pat might be helping in marketing the company thus gaining more customers. She therefore deserves a referral fee. virtue theory is relevant to most of the above reasons. Equity theory explains relational satisfaction regarding perceptions of fair resource distribution within interpersonal relationships. There should be fair treatment of employees in the work dress based on the ratio of inputs to in comes. Employees with advanced education, higher experience, more superior position, higher degree, greater company loyalty, greater responsibility, greater performance and more complex tasks should be paid more than others. This is because it would support the wisdom of those reasons because job difficulty is a relevant input.Compensation plan elements such as Piece-Rate and Recognition Awards basically account for the pay differentials. This is because an employee who produces more units or more services should be compensated highly that the other.