HBO Motivation
HBO Motivation
HBO Motivation
Motivation
Rewards Management
Motivation
What is Motivation?
It is the word derived from the word motive which means needs,
desires, wants or drives within the individuals. It is the process of
stimulating people to actions to accomplish the goals.
In the work goal context the psychological factors stimulating the
people’s behavior can be:
Desire for money
Success
Recognition
Job-satisfaction
Team work, etc.
Motivation
Categories of Incentives:
Monetary Incentives - Money has been recognized as a chief source
of satisfying the needs of people. Money is also helpful to satisfy
the social needs by possessing various material items.
Non-Monetary Incentives - Incentives which can satisfy the ego
and self- actualization needs of employees.
Security of service
Praise and recognition
Suggestion scheme
Job enrichment
Promotion opportunities
Motivation Incentives: Incentives to Motivate Employees
Importance of Motivation:
Put human resource into action – Every concern requires physical,
financial and human resources to accomplish the goals. It is
through motivation that the human resources can be utilized by
making full use of it. This can be done by building willingness in
employees to work. This will help the enterprise in securing best
possible utilization of resources.
Improves level of efficiency of employees – Filling in the gap
between ability and willingness which results to increase in
productivity, reducing cost of operations, improving overall
efficiency.
Builds friendly relationship
Leads to stability of workforce – The employees can remain loyal to
the enterprise only when they have a feeling of participation in the
management.
Motivation Incentives: Incentives to Motivate Employees
Workplace Motivation: