Financial Crisis Impacts on the Employees' Motivational Aspects - Research Paper Example

Based on the responses of these employees, who belonged to different levels in the two organizations, the research concluded that there was indeed a lowered morale and motivation during the crisis. The reason for this was lack of resources and tools available to perform work at optimum levels, lack of incentives and motivators, lack of managerial support and fear and insecurity. The research also found that the managers can help alleviate the situation by taking a more dynamic role, making themselves available to the employees, setting clear targets, giving clear directions and guidance for achieving targets, and by showing their support and commitment to the employees.

The managers can encourage employees, even when there are no external motivators, by simply showing their concern and by being honest and open with them. The research, therefore, concluded with a list of these recommendations that the organizations can follow in order to keep their employees motivated even during the crisis. The economic and financial crisis of 2008/9 led to massive changes in the understanding of how business and organizations needed to be run. While there were very drastic implications for all, like job losses, pay cuts and loss of benefits and incentives, there were also several lessons that were learned about people management and work culture.

Though the crisis may well have receded, there is widespread unemployment and loss of investor confidence that is dampening any prospects of growth. Employees have been seeing a downturn in their prospects due to non-availability of alternative jobs as well as due to lack of interests that their organization may be showing in retaining them.