Motivating Employees

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employees to perform well. Employee motivation can be improved when a company focuses on the following: goal setting, communication, autonomy, responsibility and flexibility. In order for managers and business executives to succeed in today’s business world, they must become effective motivators. Effective motivation is only achieved by using both financial and non- financial motivational tools.

Introduction

Motivation is a key factor to every business. How the employees feel about their jobs directly affect the company’s “bottom- line” profit. Motivation is the motive force that moves employees to perform at their best. Just as a locomotive pulls a train, so a company’s workforce will pull a company to profit or ruin. Motivating employees can be a complicated task based on total compensation for the work performed for a company as it is not strictly for explaining the total financial package to pay an employee. The purpose of this report is to discuss some of the ...

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to be within the organization. The absence of salary increases or bonuses to some employees would indicate that they are not valued within the organization.
The economy has been in a constant decline for the last few years. As the economy continues to suffer, companies are facing the challenges of giving raises or bonuses. In recent years, most employees are willing to give up a raise if it means they could avoid being dismissed.

Profit-sharing.

Profit sharing can be a great way to motivate company staff because it benefits both the employee and the employer. This is a win-win situation for both. A couple of most commonly used types of profit sharing programs are those ...

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