Sunday, April 8, 2012
Week 11 Application Assignment- Cathryn Lottier
Week 11 Application Assignment - Crystal Williams
Week 11 Application Assignment - Megan Samuels
Week 11 Application Assignment- Shanah McKnight
Week 11 Application Assignment: Peggy O'Connor
Millennials. Corporate rewards systems. Intrinsic and extrinsic rewards. This week’s readings hit home with me in various ways. I work with and supervise Millennials and in fact, my two children (at ages 20 and 18) are Millennials. My organization has a less-than-effective system of rewards (the money is great, but the communication is not so hot). For me, intrinsic and extrinsic rewards have been a hot topic of discussion recently, both at home and at the office.
After reading Ryan and Deci’s article on Intrinsic and Extrinsic Motivations: Classic Definitions and New Directions (2000), I decided to interview the working Millennial who happens to live in my house, my 18-year-old daughter, Erin, to explore what motivates her. A high school senior who also takes college classes and has been accepted into a combined BS/MBA program in business management at a university in Michigan, Erin also works 30 hours per week as a crew trainer and cashier at McDonald’s. I was curious about what motivates Erin to work and attend school for more than 60 hours each week.
“It’s the money, Mom,” Erin told me. After a bit more prodding, Erin added, “Sure, it’s a good feeling knowing that I do a good job. But the bottom line is that if I do a good job and my managers see that I work harder than everyone else, I will be scheduled to work more hours and therefore, make more money. So, I guess my motivation is more extrinsic.”
Like many Millennials, Erin often feels disconnected from the corporate structure and tends to see higher education as less than a “life experience” and more of a means to an end. She also tends to view work as “life.” “No one is going to protect my job except me, Mom, and I do that by showing up and working hard every day. I don’t trust that my managers are going to schedule me for my hours because it’s the fair thing to do. They’ll schedule me because they know I won’t stand around or need to be told what to do. I do my job,” Erin says, echoing comments in Meister and Willyerd’s article, Mentoring Millennials. “And then I get paid. That’s what it’s all about.”
As for school, Erin also attaches her motivation to study hard and get good grades – and to move on to an accelerated program in college – to the extrinsic values education possesses for her. “If I get my degree, I will get a good job with a great salary, or be able to open my own business and make money. That’s why I am going to college,” Erin says.
As a Baby Boomer (and as a good Mom), I feel it’s my job to gently guide Erin toward understanding that work is only part of life, not all of it. And that even if she doesn’t believe it, she is motivated by the many intrinsic values that are inherent in both education and employment. As presented in Deci and Ryan’s Cognitive Evaluation Theory (1985), “interpersonal events and structures (e.g., rewards, communications, feedback) that conduce toward feelings of competency during action, can enhance intrinsic motivation for that action because they allow satisfaction of the basic psychological need for competence.”
So even while Erin asserts that the bottom line for her is accomplished worker = more hours = more money, I remind her that she derives a certain amount of personal, non-monetary satisfaction (and continued motivation, I think) from a manager who praises her hard work (intrinsic reward) and follows with increasing Erin’s hours (extrinsic). I read back this interview to her in which she started the discussion by stating, “it’s a good feeling knowing that I do a good job.” She smiles, “I guess you are right. But the better reward is the check at the end of two weeks!”
I suppose that for Erin, old habits are hard to break. As a third-grader, she won a pencil from the teacher each time she mastered a new level of the multiplication tables. Erin is good at math, so she finished the tables well ahead of her classmates. At that semester’s parent-teacher conferences, the teacher pointed out that Erin’s progress in class had slowed a bit when the pencil rewards stopped. “She needs to learn to work for the intrinsic value of learning,” the teacher said, with Erin sitting right there. “Erin, do you know what ‘intrinsic’ means?” the teacher asked, somewhat condescendingly.
“Yeah,” Erin said with a frown. “It means I’m not going to win any more pencils.”
References
Ryan, R., and Deci, E. (2000). Intrinsic and Extrinsic Motivations: Classic Definitions and New Directions. Contemporary Educational Psychology. No. 25, pp. 54-67 (full article)
Meister, J., and Willyerd, K. (2010). Mentoring Millenials. Harvard Business Review, pp. 17-20 (full article)
Saturday, April 7, 2012
Week 11 Application Assignment – Damu Bobb
This week I had the opportunity to sit down with CNN HR coordinator, Geoffrey Martin-Cyr to go over the reward systems that are in place at CNN. My team and I created a list of questions to briefly get a sense of the reward system at Turner. After conducting the interview, which you can watch on the course blog and the link is below. I decided to reach out to another HR executive at a different company to compare and contrast the reward systems. I reached out to James Wright at NBC/Comcast who heads up the executive search for VP level and C level executives to compare and contrast the two companies.
Below, both James and Geoffrey explaine the reward systems that are in place and what the corporate culture is like at their respective companies (NBC/Comcast & CNN). The Q/A is below.
1- What types of incentives are used to keep employees engaged with the company?
James Wright, NBC – “Free employee screenings of major movies prior to release, quarterly meetings w/ President & CEO, affinity groups extremely encouraged & supported”
Geoffrey Martin-Cyr, CNN – “Turner is very proud of our TOTAL REWARDS package, which not only encompasses primary benefit coverage and leave of absence, but also opportunities for advice on financial, personal and family issues, career enrichment, discounts, perks and community involvement. Our compensation package is comprised of both the employee’s base salary as well as the opportunity for annual merit increases and bonus distribution.”
2- Are rewards based on performance offered?
James Wright, NBC – “Yes”
Geoffrey Martin-Cyr, CNN – “Well, the annual merit increases and bonus distributions certainly are, but everything else is offered to all our regular full-time employees.”
3- What informal rules (punishments) do you have in place?
James Wright, NBC - “There are none in place.”
Geoffrey Martin-Cyr, CNN – “We have partnered with our Legal Department to make sure that we have a fair and comprehensive employee issue-resolution path in place, to counsel and meet with employees when the need arises … everything from informal coaching to more formalized verbal and written warnings, which may or may not lead up to termination.”
4- Do you offer management training for your managers and above? if so, are rewards and employee incentives covered in this training? if so, what is covered. If no, why not?
James Wright, NBC - N/A
Geoffrey Martin-Cyr, CNN – “We do offer Management Essentials and other components of an employee’s MY CAREER path. (You might want to check with Dina about a more detailed response.”
5- How well does this reward system work in helping your organization achieve its strategic goals? In what ways could it be improved?
James Wright, NBC – “A little too early to tell as our rewards system has just been revamped post-merger.”
6-On average, how long (think years) do employees remain with NBCUniversal (LA or NY office)? Why do you think employees stay? What about the culture and rewards are enticing?
James Wright, NBC - “I cannot give concrete data; however, my receptionist has been here for 42 years & my VP has been here for 21 years. Our company culture, the assets we have and leverage, the excitement around the merger and our company brand are the reasons why I stay and many people stay…”
Geoffrey Martin-Cyr, CNN – “quite a few employees on the regular stay here for along time.”
I would summarize that both companies have a similar reward systems in place and that employees are relatively happy to work at their respective companies. Although, having been an employee at both companies I can say that Turner as a company overall has a greater financial, health, and career benefits reward system in place.
Lastly, in this weeks reading, “A classic form on introjection is ego involvement (Nicholls, 1984; Ryan, 1982), in which a person performs an act in order to enhance or maintain self-esteem and the feeling of worth.” (Ryan & Deci, 2000, p. 56). After talking with James, I got the sense that NBC/Comcast really the same mentality that Google had before Facebook came into the picture. James said that he has top level talent looking for jobs who were making high six figures salaries and are taking a 25% pay cuts to work at “The peacock”. That comment spoke volumes to me that NBC/Comcast still doesn’t quite value the employee as much as they should. Which is ironic, because, NBC has constantly been in fourth place in the rating for the past 5 years. They might want to take the Facebook approach and start to look at other companies that have top talent like CNN and see if they can get better talent and paying them better.
Web link to Damu Bobb’s Reward System Interview with CNN
Reference:
Ryan, R., and Deci, E. (2000). Intrinsic and Extrinsic Motivations: Classic Definitions and New Directions. Contemporary Educational Psychology. No. 25, pp. 54-67.