Every management tries to spacing motivational techniques which can be employed for improving performance of its employees the techniques may not be similarly useful in all types of concerns some techniques may be suitably employed in one concern others may be useful in another concern and so on. Motivational techniques may be classified into two categories i.e. financial and non-financial. Both the categories of motivators are discussed as under.
(A) Financial motivation
Financial motivation may be in the form of more wages and salaries, bones, profit-sharing leave with pay medical reimbursements, company paid insurance or any of the other things they may be given to employees for performance. The economists and most managers consider money and financial incentives as important motivators. Behavioral scientists, on the other hand tend to place them low neither view is probably right.
Money is the most important motivators to people who are young and are rising their than to those who have attained a stage when money needs are less. Money needs go on changing from time to time. A person may be as stage when money needs are less. Money needs to go on changing from time to time. For some person money is actually used to retain people in the organization and not primarily to motivation them. To attract good persons an organization wise have to offer better wages.
Generally persons engaged in some types of work are offered equal wages it is seen as a practice that persons on comparable levels get the same or usually the same compensations under such circumstances money tends to be dolled as a motivator. Besides all this money can motivate people if their wages are related to their performance.
(B) NON-FINANCIAL MOTIVATORS.
These motivators are in the nature of better status recognition participation job security etc some of these motivators are discussed here:-
1. Recognition. Every person wants his work to be recognized by his superiors. When he knows that his performances are known to his boss then he will try to improve it more and more. The recognize may be in the form of a word of praise, a pat on the back a word of praise, a letter of appreciation entry in annual confidential report etc. there may also be awards certifies plaque etc. the reorganization may be for better output, saving in time improving quality of products suggestions for better ways of doing things etc. these types of recognitions will act as motivators. If the performance of persons is not recognized and everybody is treated on the same footing then good persons will not like put their best efforts.
2. Participation. Participation has been considered good techniques for motivation. It implies physical and mental involvement of people in decision making suggestion in their fled of self esteems of person they feel important when people know the problems they will face and their activity. There is no doubt that most of the people know the problems they will face and their possible solutions. Participation results in motivation and knowledge valuable for the enterprise success. Participation gives a sense of affiliation and accomplishment. It certainly acts as motivators. Participation should be meaning that managers should abdicate their positions. They should encourage subordinates to participate in matter where they can help. Mangers should various view-points and then take decisions themselves.
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3. Status. If refers to a social status of a person and it satisfies egoistic needs a management may create some status symbol in the organization. This can be done by way of giving various facilities to the persons. These may be superior furniture carpets on the floor attachments of peon’s personal assistant etc. to get these facilities then he tries to get better status by working more. In this way status needs act as motivators.
4.
Competitions. In some organization competition
is used recognized as an important motivators by are given certain objectives
and everybody tries to achieve them ahead of others they may be praise
appreciate letters, financial incentives to those who reach the goals first. The
completion encourages persons to improve their performances. if you want to know about marketing and selling click here.
