Evaluate one of the pay-for-performance (PFP) programs in your company from the Expectancy Theory perspective,
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Task 2. Evaluate one of the pay-for-performance (PFP) programs in your company from the Expectancy Theory perspective (about 1-2 pages length). If you are not currently working, use the PFP program in a company that you used to work for in the past. (If you have no work experience at all, contact me. I’ll give you a similar assignment that does not require past work experience.) (Total of 15 points)
Step 1) Choose one PFP program in your company. There can be various PFP programs in your company (e.g., merit raise, year-end bonus, stock, and stock options). Even the employee of the month/year award can be viewed as a PFP program. Step 2) Evaluate the chosen PFP program from the Expectancy Theory perspective.
Evaluate the program using all three factors (i.e., valence, instrumentality, and expectancy) in the theory. Do not evaluate multiple PFP programs (i.e., do not use one PFP program to evaluate valence, another PFP program to evaluate instrumentality, and so on). Again, you’ll have to explain all three factors using a single PFP program example (like how I did using the merit raise example in the video). Do not use the merit raise example in the video. (10 points)
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