Thursday 22 December 2011

MOTIVATION

Motivation (Basic Knowledge)
Motivation is the willingness of employees to exert effort to achieve business goals. Motivating people to perform to the best of their ability and in ways that benefit the business organization has always been important issues for managers at all level of a firm. For example, just one poorly motivated employee in a restaurant can generate many customers complaint and the loss of future customers. There is no signal measure which can guarantee continued high levels motivation; through HR theorists have put forward a number of theoretical frameworks that might help.
In a practice sense, however, there are a number of ways a business owner can enhance motivation and performance. At a basic level, a satisfactory level of pay is necessary. As a proponent of “equity theory” point out, employees the gap between their remuneration and those of others is too great. In many industries, performance – based pay (payment per item produced), commission-based sales, wage incentive schemes and profit-sharing plan. Although the evidence is the is far from clear, such programs also appear to provide improved financial returns for firms as well.
Other action that we believed to improve employee motivation include allowing employees to work flexible hours, including them in decision-making about critical business goal, providing them with an opportunity to purchase share (equity) in the firm, and ensuring that reward systems match individual needs. For employees with a high need for personal achievement, the opportunity for advancement or for assuming a higher level of responsibility can be an important incentive. Such measure are also conductive to the development of an entrepreneurial culture within the firm. Lastly, the important is very important part in business life to develop the good and excellent employees and also to get the high return in financial side. 

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