Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
The Impact of Rewards and Benefits on Employee’s Motivation
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Productivity
Motivation in the work place has a great effect on productivity. By motivating employees a business can increase its productivity. According to Michaelson (2005)” factors that individual workers regard as valuable need to be channeled or redirected to augment organizational productivity” (p.235). There are several forms of motivation that can be used to increase productivity. Some motivational methods that could affect productivity are job engagement, goal-setting, and reinforcement. Knowing the connection between motivation and productivity can be crucial for employees to increase productivity levels. When employees are motivated they will work more efficiently and raise overall productivity. The first step for employers is choosing how to motivate their employees.
What Are Some Forms of Motivation That Can Be Used To Increase Productivity?
There are many ways to motivate employees to increase their productivity. It is important for employers to find what will best motivate their employees. An employee who is motivated by wealth will produce more when they receive pay-for-performance incentives, where employees who are motivated by recognition will produce more if offered more responsibility or a greater title (Michaelson, 2005, p.236). Four types of motivation that help
…show more content…
Employees that are not motivated account for a loss of $300 billion annually by employers (Gaille, 2013). By understanding how to properly motivate employees, employers can achieve the outcomes that they prefer while making employees happy and keeping them working. Companies put a lot of time and money in to training associates so it is better for a company to learn how to get what they want while making both sides happy. If employers motivate their employees effectively they will achieve lower turnover rates and higher
While motivational and job satisfaction theories can help employers or leaders to gauge what motivates their employees, it is impossible for them to be used to explain all motivating factors. By analyzing these theories, it is possible to understand their basic concepts, and see how they can be an advantage in motivating their employees to the best possible outcome for the
An inadequately motivated employee can be very costly to the organization. Where the quality and quantity of work produced by the employee is just enough not to be fired. Job satisfaction and commitment is lacking and the employee is not motivated to work. This performance can drastically affect the bottom line of the organization whether it be financial gain or otherwise. With the changing nature of work, organizations today tend to be much flatter and slimmer than they were 20 years ago (McGreevy Malcolm, 2003). To manage and adapt to the changes the organization must have committed employees to be able to not only cope but to excel and succeed.
A number of motivational theories explain how rewards affect the behavior of individuals and teams. Performance related pay can have a motivational effect. Employees are motivated to increase prod...
Determinants of Productivity Determinants of Productivity Productivity is the quantity of output formed by one unit of production input in a unit of time. Inputs used in the production of the goods and services are the major determinants of any country’s productivity; they are also called factors of production. There are four major determinants of productivity in any country’s economy. Land: the land itself, and raw materials such as oil and minerals beneath it. The natural resources that are available without alteration or effort on the part of humans.
Numerous organizations are aggressively competing to survive and flourish in this ever increasing challenging and volatile contemporary market environment. Motivation and performance of employees are powerful tools for the long-term success of the organization. Performance measurement is a critical characteristic of organization’s management since it reflects the progress and achievement of the organization. Motivation is defined as “the durable intention of achieving a goal, leading to goal-directed behavior. ”When we refer to someone as being motivated, we mean that the individual is trying hard to accomplish a certain task in a given period of time. Motivation is clearly enough important for the
The key to understanding what employees’ motivations are, and how managers can support them in their aims and objectives, is to understand that different people are motivated by different things. Managers should make a conscience effort to stay in touch with the interest, skills and abilities that their employees possess. Given the opportunity, it is possible that employees can provide valuable information about how to motivate each other to do a better job.
majority of employees need motivation to feel good about their jobs and perform optimally. Some employees are money oriented while others find acknowledgment and accolades personally motivating. Motivation levels within the workplace have a point-blank impact on employee effciency. Workers who are driven and excited about their jobs carry out their obligations/duties to the best of their capacity and generation numbers increment therefore. An impetus is an inspiring impact that is intended to drive
There has always been an issue to get employees motivated for managers and leaders. If the employees are not motivated they will put a minimal amount of energy into their job if any at all. Then again, the ones who feel motivated to work are the ones who are constant, inspired and fruitful, and the ones who produce first rate work that they eagerly take on. Motivation surfaces, in present theories, within needs, principles, objectives, meanings and expectations. Since motivation is from the inside it should be nurtured and direct the motivation that the employees encompass by the managers.
“It is therefore imperative for a company to understand the attitude of its workers and measure the job satisfaction of its employees, as job satisfaction is essential for productivity” (L. Bradshaw para. Therefore, the individual can still attain high job productivity without having the satisfaction in their field of work. This happens when money is just their motivation, or if they’re trying to receive a promotion. Others try to increase their productivity due to just the satisfaction they obtain from their work.
Employee motivation has always been a central problem in the workplace, and, as an individual in a supervisory position, it becomes one’s duty to understand and institute systems that ensure the proper motivation of your subordinates. Proper motivation of employees can ensure high productivity and successful workflow, while low worker motivation can result in absenteeism, decreased productivity rates, and turnover. A large body of research has been produced regarding motivation, and much of this research is applicable to the workplace. Due to the nature of man, motivation varies from individual to individual, and, because of this, there is no one system that is the best for ensuring worker motivation in every organizational situation, and, as a product, many theories have been created to outline what drives people to satisfactorily complete their work tasks. Throughout the course of this document, the three main types of these motivational theories will be outlined and examples of each, as well as how these theories can be used to further strengthen and sustain worker motivation....
Motivation is the force that transforms and uplifts people to be productive and perform in their jobs. Maximizing employee’s motivation is a necessary and vital to successfully accomplish the organization’s targets and objectives. However, this is a considerable challenge to any organizations managers, due to the complexity of motivation and the fact that, there is no ready made solution or an answer to what motivates people to work well (Mullins,2002).
Dwight D. Eisenhower once said, “Motivation is the art of getting people to do what you want them to do because they want to do it.” Studies have found that high employee motivation goes hand in hand with strong organizational performance and profits. Therefore, managers are given the responsibility of finding the right combination of motivational techniques and rewards to satisfy employees’ needs and encourage great work performance. This becomes a bit more challenging as employees’ needs change from one generation to another. Three of the biggest challenges a manager faces in motivating employees today are the economy and threats to job security, technological advances, and company cultures that primarily focus on the bottom line.
There are correlations between how motivated a person is at their workplace and job satisfaction relating to performance. Organizations should make an effort to enhance job satisfaction, because employee motivation will improve. Companies need to concentrate on creating an enthusiastic, serenity, and teamwork environment to assist their organization to succeed. Employee dedication is developed when the workers are motivated and contented with their job environment. The correlation between motivation and workplace satisfaction is demonstrated by the dedication an employer shows to their company.
An important part of the retention of staff, reducing staff turnover and minimising absenteeism at work is ensuring that staff are properly motivated. This is not as easy as it sounds. At first glance, you might be tempted to think that merely increasing wages is the way to motivate! Not so. Most thinkers on the subject would argue that motivation is a far more complex issue than merely 'money'.
Motivation, as defined in class, is the energy and commitment a person is prepared to dedicate to a task. In most of organisations, motivation is one of the most troublesome problems. Motivation is about the intensity, direction and persistence of reaching a goal. During the class, we have learned a substantial theories of motivation and many theories of motivations are used in real business. Each theory seems to have different basic values. But, they all have been analysed for one reason, recognising what motivates and increases the performance of employees. Ident...