USING UTILITY THEORY TO FRAME CHALLENGES AND SOLUTIONS TO EMPLOYEE MEANINGFULNESS

Rick C. Warne ()
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Rick C. Warne: PhD, CPA, CFE, University of Cincinnati, 2906 Woodside Drive, Room 2458, Cincinnati, OH 45221- 0001 USA

Review of Economic and Business Studies, 2021, issue 27, 77-93

Abstract: In recent years, researchers, especially in human resource development, have categorized meaningful work as an important job characteristic. Though meaningful work has largely been examined in western cultures, the topic is becoming increasingly important in eastern societies as well. Prior literature typically frames meaningful work as a psychological construct or human resource function that focuses on an employee’s well being. However, economic utility theory is absent from most discussions of meaningful work. I frame meaningful work using utility theory to highlight various challenges that organizations face when trying to improve meaningful work. Based on this theoretical framework, I provide practical, realistic solutions to foster human resource development and meaningful work. Organizations that better understand the challenges faced when addressing meaningful work will likely find success in implementing impactful solutions.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:aic:revebs:y:2021:j:27:warner

DOI: 10.47743/rebs-2021-1-0004

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