The Impact Of Motivation And Incentives On Employee Retention And Performance
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The Impact Of Motivation And Incentives On Employee Retention And Performance
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Author : Caroline Nakouzi
language : en
Publisher:
Release Date : 2013
The Impact Of Motivation And Incentives On Employee Retention And Performance written by Caroline Nakouzi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
What attracts employees in the first place when searching for a job is money, but what keeps them and holds them back from leaving is more than just that. What companies seek today is the presence of a highly skilled workforce and long term relationship with employees and customers, so it is inevitable to highlight the importance of employee retention and what the companies are willing to do to preserve its workforce. This research aims to explore the existence of the relations between the following issues; motivation, incentives, performance, and employee retention, and whether motivation and incentives affect the employees and drives them to perform better and create a long term relation. Studies will be conducted in order to obtain the results especially in the Lebanese workforce in order to determine if motivation and workforce incentives are enough to retain Lebanese workers in their jobs, and whether it affects their performance. The research design for this study employed a descriptive survey method, including questionnaires regarding motivation factors, techniques, incentive programs, and retention that will help in determining the hypotheses.
Compensation And Motivation
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Author : Thomas J. McCoy
language : en
Publisher: Createspace Independent Pub
Release Date : 2012-09-01
Compensation And Motivation written by Thomas J. McCoy and has been published by Createspace Independent Pub this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-09-01 with Business & Economics categories.
"Compensation and Motivation" is the first book in the Culture of Partnership series. With a strong foundation in social science and behavioral psychology, this book will show you how to develop incentive plans that work! Turn the cost of compensation into an investment that will increase revenue and profit, enhance the value of the organization and motivate all employees to deliver the business strategy. Compensation and Motivation describes how to develop the right reward system that will engage and motivate the target audience. Employees come to work for the rewards, either material (money), social (recognition and appreciation) or both. Mr. McCoy shows how to combine behavioral psychology and business strategy to create a reward system that offers fulfillment to the employees if they deliver on the company goals. This book goes beyond just showing how to link pay to performance. It shows how to balance the array of rewards that a company can offer (cash, benefits, meaningful work, social recognition and appreciation) so that the maximum motivation is obtained with the least overall cost. It's called "the mix that motivates." Since this book was initially published, over 65 percent of all businesses now offer some form of incentive to all employees. However, many of those efforts are ineffective in achieving the organization's goals. This book shows how to engage all employees in the business, motivate them to perform at exceptional levels, create a common focus and a feeling of shared destiny (teamwork.) Learn how to become an employer of choice. Learn how to engage employees so that the operation "runs itself." Learn how to use compensation as the engine that drives a Culture of Partnership.
Strategic Reward And Recognition
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Author : John G Fisher
language : en
Publisher: Kogan Page Publishers
Release Date : 2015-06-03
Strategic Reward And Recognition written by John G Fisher and has been published by Kogan Page Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-03 with Business & Economics categories.
Non-monetary incentives and recognition programmes are an area of employee motivation that is often overlooked. Yet, as Fisher's book reveals, a strategic focus on non-cash rewards can generate significant return on investment in terms of employee engagement, performance improvement and financial results. In the present economic context, with companies pushing to deliver more for less, it is a particularly pertinent issue. Strategic Reward and Recognition brings together theory and practice to guide HR professionals, consultants and senior leaders in developing the most effective programmes for their organizations. It features examples of good practice from all over the world, from different sectors and from both large and small organizations, providing coverage of digital as well as in-person schemes.
Managers Get The Staff They Deserve
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Author : Kimberly Wylie
language : en
Publisher: GRIN Verlag
Release Date : 2006-07-16
Managers Get The Staff They Deserve written by Kimberly Wylie and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-07-16 with Business & Economics categories.
Seminar paper from the year 2004 in the subject Business economics - Business Management, Corporate Governance, University of Phoenix, language: English, abstract: In today’s ultra-competitive global economy, organizations must take every action necessary to ensure they are as competitive as possible. Although advancements in technology, over the last few decades, has meant that oftentimes organizations have focused their efforts on the technological aspect of their business, those that have neglected their human resources have struggled despite technology. (Gutteridge, 2004) Today, employees drive productivity, customer satisfaction, and profitability. (Harter, Schmidt, & Hayes, 2002, in Stajkovic & Luthans, 2003) With this in mind, businesses across a variety of industries have come to realize the important part their employees play in their continued success. Hiring and retaining the best employees equals greater efficiency and efficacy. This increase in efficiency and efficacy equates to greater company profitability, which leads to increased market share and industry success. As such, hiring and retaining quality employees has never been more important than in today’s business world. The question then arises, why do some companies, divisions, or even managers seem to be able to consistently hire and retain the cream of the crop, while others fail to do so? Do managers truly get the staff they deserve? By analyzing the psychological contract between employee and employer, the impact of organizational structure and culture, group dynamics and leadership, motivation, and performance management, this paper will show that indeed managers do get the staff they deserve.
Incentive
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Author : Fouad Sabry
language : en
Publisher: One Billion Knowledgeable
Release Date : 2024-01-05
Incentive written by Fouad Sabry and has been published by One Billion Knowledgeable this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-05 with Business & Economics categories.
What is Incentive In their broadest sense, incentives may be defined as anything that encourages a person to change their behavior in the direction that is intended. It is underlined that incentives are important by the fundamental law of economics and the rules of behavior, which suggest that bigger incentives equal to greater levels of effort and, as a result, higher levels of performance. This provides evidence that incentives are important. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Incentive Chapter 2: Motivation Chapter 3: Contract theory Chapter 4: Two-factor theory Chapter 5: Content theory Chapter 6: Personnel economics Chapter 7: Overjustification effect Chapter 8: Self-determination theory Chapter 9: Motivation crowding theory Chapter 10: Managerial psychology Chapter 11: Incentive program Chapter 12: Incentivisation Chapter 13: Cognitive evaluation theory Chapter 14: Warm-glow giving Chapter 15: Pay-for-Performance (Federal Government) Chapter 16: Work motivation Chapter 17: Employee motivation Chapter 18: Reward management Chapter 19: Uri Gneezy Chapter 20: Employee recognition Chapter 21: Motivation and employee engagement (II) Answering the public top questions about incentive. (III) Real world examples for the usage of incentive in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of incentive.
Effects Of Rewards On Employee Motivation
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Author : Getaneh Abebaw
language : en
Publisher: GRIN Verlag
Release Date : 2021-12-23
Effects Of Rewards On Employee Motivation written by Getaneh Abebaw and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-23 with Business & Economics categories.
Master's Thesis from the year 2020 in the subject Leadership and Human Resource Management - Employee Motivation, , language: English, abstract: The general objective of this study is to assess the effect of reward on employee motivation in Kirkos sub city administration, Addis Ababa. The study aims at assessment of the effect of reward on employee motivation in selected Kirkos sub city administration. Descriptive and inferential analysis was used to describe the effect of intrinsic and extrinsic rewards on employee motivation. Out of a total target population of four hundred fortify one administrative employee; two hundred ten samples were taken in probability sampling more specifically, stratified sampling, technique from the Kirkos sub city administration chief executive pool. Questionnaire was developed and distributed to the administrative employees. The finding of the study indicated that administrative employees of the administration have moderate satisfaction with the total reward practices. However; employees are motivated better by intrinsic rewards than extrinsic rewards. When each extrinsic reward items were computed, employees showed dissatisfaction from bonuses, similarly, when variables of each intrinsic reward were examined employees have moderate satisfaction the relationship of manager.
Recognizing Engaging Employees For Dummies
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Author : Bob Nelson
language : en
Publisher: John Wiley & Sons
Release Date : 2015-08-27
Recognizing Engaging Employees For Dummies written by Bob Nelson and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-27 with Business & Economics categories.
Improve engagement, productivity, and motivation with effective employee recognition Recognizing and Engaging Employees for Dummies gives you the tools and information you need to improve morale, productivity, and personal achievement with a successful employee recognition program. Written by a world-leading authority in employee recognition, this book walks you step-by-step through the design and implementation process and describes the incentives that work, the behaviors to reward, and the mechanisms that must be in place for the program to be effective in the long term. You'll learn how to pinpoint the places where engagement and recognition could improve the bottom line, and how to structure the reward for optimal balance between motivational, financial, and organizational effectiveness. With clear explanations and a fun, friendly style, this book is your quick and easy guide to boosting productivity, profit, and customer satisfaction. Most Americans who leave their jobs cite lack of recognition as the driving factor. When your employees feel appreciated, they stick around, work harder, achieve more, and drive your business onward and upward. This book shows you how to bring that dynamic to your workplace, with step-by-step guidance and helpful advice. Design successful recognition programs Create powerful incentives for employees Reduce turnover, improve engagement, and drive excellence Foster a happier and more productive workplace Happy employees are productive employees. They get results. They innovate. They are the force behind the advancement of industries. Effective employee recognition programs are self-sustaining motivational tools that keep the fire lit. If you're ready to spark the flame, Recognizing and Engaging Employees for Dummies is the ideal guide for designing, implementing, and maintaining the program your employees have been waiting for.
The 1001 Rewards Recognition Fieldbook
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Author : Bob Nelson
language : en
Publisher: Workman Publishing
Release Date : 2002-01-15
The 1001 Rewards Recognition Fieldbook written by Bob Nelson and has been published by Workman Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-15 with Business & Economics categories.
Author of the Business Week million-copy bestseller, 1001 Ways to Reward Employees, Bob Nelson is the motivational specialist who helps businesses stay competitive by teaching them how to inspire their employees to excel. Now joined by Dr. Dean Spitzer, senior consultant and performance improvement expert for IBM, Nelson distills the knowledge, experience, and ideas gained from working with thousands of organizations into a hands-on, practical fieldbook. Beginning with the basics of motivation, including the decline of traditional incentives and the trend toward empowered employees, the book lays the groundwork for developing and managing a rewards or recognition program in any work situation: how to recognize an individual or a group; how to develop a low-cost recognition program; how to sell it to upper management, prevent and fix common problems, and assess its effectiveness. There are planning worksheets, templates for different purposes?improving morale, improving attendance, increasing retention?plus perforated reference cards for immediate guidance, and 101 new low-cost/no-cost recognition ideas. Running through the margins are Nelson's answers to the questions most frequently asked since the publication of 1001 Ways to Reward Employees.
Motivation And Performance
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Author : Adrian Furnham
language : en
Publisher: Kogan Page Publishers
Release Date : 2017-02-03
Motivation And Performance written by Adrian Furnham and has been published by Kogan Page Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-03 with Business & Economics categories.
Many organizations approach the issue of employee engagement and motivation by tapping into age, gender and other stereotypes. Motivation and Performance challenges these notions, bringing together evidence that group differences are often exaggerated and that getting to the heart of what really motivates individuals is what's most important. This book is a practical guide to ensuring that organizations consider all motivators - job security as well as the need for personal growth - to improve employee satisfaction, boost organizational productivity and reduce staff turnover. Underpinned by original research, Motivation and Performance features case studies from finance, retail, the public and other sectors to show how the principles of motivating employees apply at all levels of the organization, not just at the leadership level, and how values and motivation can be changed and developed. Complete with a framework for conducting effective visits to front-line locations, it will help HR professionals ask the right questions, choose whether to implement external motivation-building programmes and make a real impact on an employee's desire to progress in the company.
One More Time
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Author : Frederick Herzberg
language : en
Publisher: Harvard Business Review Press
Release Date : 2008-07-14
One More Time written by Frederick Herzberg and has been published by Harvard Business Review Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-07-14 with Business & Economics categories.
Imagine overseeing a workforce so motivated that employees relish more hours of work, shoulder more responsibility themselves; and favor challenging jobs over paychecks or bonuses. In One More Time: How Do You Motivate Employees? Frederick Herzberg shows managers how to shift from relying on extrinsic incentives to activating the real drivers of high performance: interesting, challenging work and the opportunity to continually achieve and grow into greater responsibility. The results? An ultramotivated workforce. Since 1922, Harvard Business Review has been a leading source of breakthrough management ideas-many of which still speak to and influence us today. The Harvard Business Review Classics series now offers readers the opportunity to make these seminal pieces a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world-and will have a direct impact on you today and for years to come.