Monday, March 1, 2010
What Motivates People?
People can be motivated by providing them rewards
Extrinsic Rewards: include benefits, praise and recognition, status symbols and money (Salary, wages, bonuses, company-paid insurance, medical facilities)
Intrinsic Rewards: include a feeling of achievement, accomplishment and self-actualization
Motivating People at Work:
Provide financial benefits like basic salary, incentives, bonuses and raise in salary
Allow them the autonomy to be productive
Reward with educational opportunities
Reward with recognition
Express interest in what they are doing
Provide flexible work, leave, and pay schedules
Provide child and elder care benefits
Provide challenging projects
Challenges of Motivating Employees:
Changing workforce
younger generation employees have different needs and expectations to senior workers
people have more diverse values – results in more variety in what motivates employees
Cultural values
globalization has added to diversity
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