angelweave
Comments: Dimed: The Second Half of the Book

As you're probably aware, Theory X has been viewed with disdain by the I/O psych community for decades. Far be it from the management of a socially responsible entity such as Wal-Mart to be swayed by pesky empirical evidence and reasoned analysis.

Posted by hans at October 20, 2003 08:37 AM

Regarding this point "Page 204: 'Employers will offer almost anything - free meals, subsidized transportation, store discounts - rather than raise wages.' I agree."

This is very true. The practice of "fringe benefits" is well-documented. The reason businesses do this is because they can get the benefit for cheaper than you can and giving you the benefit brings greater value to the firm than paying you the monetary equivalent. Basically, as you might expect, it's cheaper.

But fringe benefits should not be derided. Notice that it's cheaper for you as well to receive these items, such as store discounts, than it would be for you to acquire them on your own. These represent payment allbeit non-monetary. Further, surveys of employees indicate that fringe benefits are an essential part of job satisfaction. If employers did away with fringe benefits and just gave you the money they pay to get it, you'd probably be shocked 1) at how little they pay for such benefits and 2) how much more important it is to you to just have the benefit and not the money.

Posted by Trey Givens at October 20, 2003 10:15 AM

Regarding this point "Page 204: 'Employers will offer almost anything - free meals, subsidized transportation, store discounts - rather than raise wages.' I agree."

This is very true. The practice of "fringe benefits" is well-documented. The reason businesses do this is because they can get the benefit for cheaper than you can and giving you the benefit brings greater value to the firm than paying you the monetary equivalent. Basically, as you might expect, it's cheaper.

But fringe benefits should not be derided. Notice that it's cheaper for you as well to receive these items, such as store discounts, than it would be for you to acquire them on your own. These represent payment allbeit non-monetary. Further, surveys of employees indicate that fringe benefits are an essential part of job satisfaction. If employers did away with fringe benefits and just gave you the money they pay to get it, you'd probably be shocked 1) at how little they pay for such benefits and 2) how much more important it is to you to just have the benefit and not the money.

Posted by Trey Givens at October 20, 2003 10:15 AM

Regarding this point "Page 204: 'Employers will offer almost anything - free meals, subsidized transportation, store discounts - rather than raise wages.' I agree."

This is very true. The practice of "fringe benefits" is well-documented. The reason businesses do this is because they can get the benefit for cheaper than you can and giving you the benefit brings greater value to the firm than paying you the monetary equivalent. Basically, as you might expect, it's cheaper.

But fringe benefits should not be derided. Notice that it's cheaper for you as well to receive these items, such as store discounts, than it would be for you to acquire them on your own. These represent payment allbeit non-monetary. Further, surveys of employees indicate that fringe benefits are an essential part of job satisfaction. If employers did away with fringe benefits and just gave you the money they pay to get it, you'd probably be shocked 1) at how little they pay for such benefits and 2) how much more important it is to you to just have the benefit and not the money.

Posted by Trey Givens at October 20, 2003 10:15 AM

uh. Ok. My computer freaked out. I totally did not intend to post the same thing three times.

Posted by Trey Givens at October 20, 2003 10:19 AM

Third time's the charm, Trey ;)

hln

Posted by hln at October 20, 2003 01:19 PM

That, and people aren't motivated by money or you would get a hell of a lot more telemarketing calls.

Or strip clubs and prostitutes.

Ooh - that's a good point.

Posted by TheYeti at October 20, 2003 01:45 PM

For the record, I coined Wal-martian independently about 2 weeks ago here:

http://radio.weblogs.com/0126975/categories/filthyLies/2003/10/08.html#a554

And I've really enjoyed your review posts. Excellent work.

Posted by Harvey at October 21, 2003 01:19 PM