A value-based model of job performance
- This agent-based model contributes to a theory of corporate culture in which company performance and employees' behaviour result from the interaction between financial incentives, motivational factors and endogenous social norms. Employees' personal values are the main drivers of behaviour. They shape agents' decisions about how much of their working time to devote to individual tasks, cooperative, and shirking activities. The model incorporates two aspects of the management style, analysed both in isolation and combination: (i) monitoring efforts affecting intrinsic motivation, i.e. the company is either trusting or controlling, and (ii) remuneration schemes affecting extrinsic motivation, i.e. individual or group rewards. The simulations show that financial incentives can (i) lead to inefficient levels of cooperation, and (ii) reinforce value-driven behaviours, amplified by emergent social norms. The company achieves the highest output with a flat wage and a trusting management. Employees that value self-direction highly are pivotal, since they are strongly (de-)motivated by the management style.
| Author: | Michael W. M. RoosORCiDGND, Jessica RealeORCiDGND, Frederik BanningORCiDGND |
|---|---|
| URN: | urn:nbn:de:hbz:294-92238 |
| DOI: | https://doi.org/10.1371/journal.pone.0262430 |
| Parent Title (English): | PloS one |
| Publisher: | PLOS |
| Place of publication: | San Francisco |
| Document Type: | Article |
| Language: | English |
| Date of Publication (online): | 2022/08/15 |
| Date of first Publication: | 2022/01/27 |
| Publishing Institution: | Ruhr-Universität Bochum, Universitätsbibliothek |
| Tag: | Open Access Fonds |
| Volume: | 17 |
| Issue: | 1, Article e0262430 |
| First Page: | e0262430-1 |
| Last Page: | e0262430-26 |
| Note: | Article Processing Charge funded by the Deutsche Forschungsgemeinschaft (DFG) and the Open Access Publication Fund of Ruhr-Universität Bochum. |
| Institutes/Facilities: | Lehrstuhl für Makroökonomik |
| Dewey Decimal Classification: | Sozialwissenschaften / Wirtschaft |
| open_access (DINI-Set): | open_access |
| faculties: | Fakultät für Wirtschaftswissenschaft |
| Licence (English): |  Creative Commons - CC BY 4.0 - Attribution 4.0 International |
