How are employees affected by different motivation techniques in the workplace?
Abstract
Employers have always remained an integral part of human resource management functions. Employers tend to play an important role in motivating their subordinate employees. The prevailing competition among the retail sector companies has had profound positive impact employees. Now, companies are moving towards implementing such training facilities and policies that can cater to the needs of employees, who tend to perform beyond their capacities. That is why there exists a gap between levels of motivation among employees, working in different capacities. It is a fact that employees showing good performance tend to get both compensatory benefits and non-cash incentives. This practice continues in every organization let alone the one which is playing in the retail sector. It is a fact that without motivation, employees will not do what an organization expects from them. If an organization wants to motivate its employees, the management should come up with effective motivation plan.
Table of Contents
Abstractii
Introduction1
Background of the Study1
Problem Statement2
Research Question2
Literature Review2
Intrinsic and Extrinsic Motivators: Frederick Herzberg5
Employee Motivation techniques7
Measuring Performance9
Compensatory rewards10
Non-cash incentives11
Gain Sharing with Employees11
Comparison of Motives12
Labor Productivity12
Monitoring Costs13
Wage Flexibility14
Planning of Administrative Costs14
Discussion15
Recommendation16
Conclusion16
How are employees affected by different motivation techniques in the workplace?
Introduction
The concept of motivation revolves around three pillars, which include intensity, direction, and persistence. Motivation forces an individual to engage in a work process that serves as a goal. Attaining a set goal provides satisfaction to that particular individual (Thomas, 2006 pp.56). There are two major types of motivation. One is intrinsic motivation and the other is extrinsic motivation. Three factors can entice an individual to motivate himself and go for goal attainment. These factors are interest, challenge, and personal satisfaction, which form the basis of intrinsic motivation.
Background of the Study
Motivation is an internal drive to satisfy one's unsatisfied needs and is commonly used in management of enterprises to make employees energetic for creating profits for the company. Businesses today encourage their workforce to work in teams as part of the management policy to ensure greater commitment, participation, recognition and motivation. The retail business is the fastest growing industrial sector in Britain today. Experts anticipate that in the next five years, the retail sector will experience a growth of around five percent (Wright, 2004, 55). Currently, the retail sector accounts for £325 billion in revenue with 11 percent of total British workforce working in this ever growing sector (White, 2008, 29).
According to (Wright, 2004, 55) developing and maintaining a motivating relationship between employers and employees within organizations is especially important. As boundary spanners, employers must work through critical horizontal and vertical ties on which their departments or organizations depend (Weisbord, 2007, 89). Given the complexity and uncertainty involved in managerial work and the mutual compromise it involves, effective working relationships within organizations and specifically between employers and employees are critical (Thomas, 2006, 56). With regards to organizational effectiveness, employers not only need to develop a motivating relationship with their employee's, they must also deal with the issue ...