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Human capital are undoubtedly the most powerful and highly productive assets in any organisation, because, all other resources such as materials, technology, time etc can be effectively utilized only if human capital are managed successfully
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Download file to see previous pages... Out of various strategies, and techniques that are used to enhance greater productivity of human capital, motivation is a valuable psychological tool that promote people to be high performers. The first part of the assignment talks about the motivational theory in practice at Tesco, and explains concepts of change and leadership styles in relation to the motivational theory. Tesco is UK’s leading grocery and general merchandising retailer operating through more than 2000 stores in UK alone (Tescoplc.com, 2012).
Motivation and Non-financial motives
Schermerhorn, Hunt and Osborn (2005) defined motivation as “forces within an individual that account for the level, direction and persistence of efforts expended at work” (p. 120). An individual can be motivated by a number of different factors such as pay, reward, appreciation, promotion in the work, better working condition and so on. When an individual is motivated by any such method, he is mostly found to work harder and show sincere gratitude towards his job task and thus to be highly productive and be high performer. A company may use various types of non-financial motives such as 1) promotion, 2) safety at work, 3) reward and recognition, 4) better working condition, 5) health support, 6) education for children, 7) friendly atmosphere within the workplace, 8) organizational learning, 9) cooperation and 10) multicultural workplace.
Effects of unmotivated workforce
A company may use various types of non-financial motives such as 1) promotion, 2) safety at work, 3) reward and recognition, 4) better working condition, 5) health support, 6) education for children, 7) friendly atmosphere within the workplace, 8) organizational learning, 9) cooperation and 10) multicultural workplace. Effects of unmotivated workforce Unmotivated workforce will not work harder and therefore they will not be high performers or high productive in the workplace as compared to those who are motivated. Unmotivated workforce will not help the company create a brand loyalty among the customers as they are very likely to make mistakes and this will adversely impact the business. Unmotivated employees are found to show increased absenteeism and high turnover which in turn affecting the quality of business operation. Tesco benefiting from motivated workforce At Tesco, the management is highly concerned about customers as well as staff. The company supports its staff with its specially adjusted work and life balance through rewards and recognition. Flexible working, reduced health expenses, membership in gym, competitive salary, staff discount and company’s share options are some of Tesco’s attractive motivation incentives it offered to its people. From these incentives, Tesco has been benefiting to create trust and respect among its people. At Tesco, the motivated staffs are found to be in a partnership relation with managerial staff and thus they effectively accomplish their expected goals (The Times 100, 2012). Taylor’s motivation theory as not relevant to 21st century According to Taylor’s motivation theory, people are motivated by financial incentives as he argued that people worked purely for money. In early years, Taylor ...Download file to see next pagesRead More
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jakayla69 added comment 3 months ago
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The topic of " ORGANISATION AND BEHAVIOUR" is quite often seen among the assignments in university. Still, this document opens a brand new perspective of seeing the problem. I’ll use the manner for my own text.
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