Benefits of employee motivation
Benefits
of employee motivation
Employee
motivation determines what they do how they do it and how hard they work
(Graves and Sarkis, 2018). Poor organizational performance can reduce the most
dedicated employee’s motivation (Nesbit and Woods, 2000). There was a point
where employees were considered as just another input into the production of
goods and services. This way of thinking was changed through research, which found
money does not solely motivate employees, and the behaviors of employees were
linked to their attitude (Achim, Dragolea, and Balan, 2013). Organizational
success depends on its motivated employees these employees collectively form
teams that are well informed, and who have ample knowledge, experience, and
necessary skills (Němečková, 2017).
Varma,
(2017) is of the view that motivated employees are a deep need for any
organization and through which the following organizational objectives can be
met, the Integrated direction of the group/Teams, effectiveness and efficiency will
be at high levels, higher organizational commitment, maximum use of resources,
a performance-oriented environment is created (Creative & Innovative),
organization’s ability to face uncertain business challenges will increase, and
employee retention and attraction will also be a considerable factor.
Conrad,
Ghosh, and Isaacson, (2015) argue saying there is a considerable amount of
research proving employee enthusiasm translates into stronger performance by
the organization. Pfeffer (1998) in his wide-ranging review of “the motivation
and staff morale research” determines that companies with motivated employees
are 30 to 40 more productive.
For
corporate competitiveness and economic development, innovation is widely
recognized as a key factor (Mir, Casadesús, and Petnji, 2016). Buech, Michel, and Sonntag, (2010) are of the view that motivation is one of the main factors
in respect of innovation. Furthermore, Geroski et al., (1993) are of the view
organizations that are innovative may attain larger market shares and achieve
significant growth rates and profits. Many studies highlight motivation to be
an important factor when it comes to innovation.
Jain,
Gupta and, Bindal, (2019) note when an individual’s values and needs are met
it translates into job satisfaction, and a great level of job satisfaction is
directly related to positive performance, low absenteeism, and low turnover.
Němečková,
(2017) argues employee motivation is a key element of retaining employees, as
human capital is the success of an organization, this may also be the
considerable differentiator the organization has over its competitors and it
may also become the desirable decisive advantage. Employee retention refers to
the effort that an organization adopts to keep productive and desirable
employees to accomplish organizational and business objectives (Finnegan and
Taylor, 2002). Employee retention is a major issue in every sector since the
high turnover costs can result in failing to achieve organizational objectives
(Khalid, and Nawab, 2018). Utmost attention is given to retaining employees as
it helps minimize the cost of recruitment and training, reduces turnover
layouts, and also aids in retaining a talented workforce from being poached
(Sandhya, 2011). However, when an employee leaves his or her job, the company
suffers a loss of customer loyalty and expertise and increases organizational
costs in recruiting and training interrupting the daily workflow which can
spell disaster for the organization at the end (Brandt, Bielitz, and Georgi,
2016).
According
to a study, satisfied workers exhibit higher levels of motivation and
dedication, which has a good impact on their conduct and performance, which is
reflected in their production. Today's business environment is such that while
the majority of resources are more or less readily available and can be
acquired, talented human resources are harder to come by and, if found, take
longer to develop and perform effectively. For these reasons, human resource
management activities are crucial to creating such an employee base and
maximizing utilization. It is essential for gaining a competitive edge. (Chen
et al, 2012).
Analyzing
the stated arguments the author believes for any contemporary organization
employee motivation is a key element to its success, the level of commitment
drive, and energy that the organization’s employees bring to the role on a daily
basis is highly important. If organizations face reduced productivity, and lower
output levels it’s more likely that the company will fall short of reaching
important goals. Therefore in conclusion organizations should focus on
motivating their employees through the means and measures stated above.
Reference
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Importance Of Employee Motivation To Increase Organizational Performance
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VARMA, D. (2017, February ). DR. IMPORTANCE OF EMPLOYEE MOTIVATION & JOB SATISFACTION FOR ORGANIZATIONAL PERFORMANCE, 13-14.
Varma (2018) says contemporary business has high job losses due to layoff and retrenchment to create lean organization and business should stop loses of performing employees due to decreasing job satisfaction and lac of motivation to continue with the organization.
ReplyDeleteAgreed, Němečková, (2017) argues employee motivation is a key element of retaining employees, as human capital is the success of an organization, this may also be the considerable differentiator the organization has over its competitors and it may also become the desirable decisive advantage.
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