The paper aims at the understanding of motivation theories that include reinforcement theory and its advantages and disadvantages in motivating employees, incentive theory and its impact in improving the performance and satisfaction level of employees…
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For this purpose, the researcher identified the importance of motivation by analysing past literature and available information. This helped in understanding the fact that motivation often impacts in a positive way leading to better understanding and performances of employees. The researcher also conducted primary and secondary research that further helped in understanding the role and importance of motivation in controlling and managing employee turnover. The secondary research is based on the understanding of motivation theories that include reinforcement theory and its advantages and disadvantages in motivating employees, incentive theory and its impact in improving the performance and satisfaction level of employees, equity theory and its impact in enhancing the satisfaction, trust and loyalty level, goals setting theory and its impact in offering direction to employees along with guiding and motivating them and need hierarch theory based on understanding and fulfilling the needs and demands of employees in an effective and expected way. The researcher also conducted primary research that helped in collecting views and responses of five human resource managers through structured interviews. The analysis of primary and secondary research offered relevant findings revealing the fact that motivation helps in enhancing skills and performances of employees if used in a positive and honest manner. However, there was no information and confirmation on the direct relationship of motivation and employee turnover. Overall, it was assumed that motivation is just a tool in enhancing the skills and performance of employees that may reduce employee turnover to an extent depending on the strategies and actions implemented by...
The intention of this study is motivation as a term that refers to a process that controls and manages human behaviour in a positive way. Motivation can be defined as a series of phenomenon affecting human behaviour based on psychological, cognitive and social factors. Motivation helps in creating positive energy and feeling that in turn helps in enhancing the overall mood and behaviour of individuals. In organsiations, employees need to be motivates at every stage in order to achieve the organsiational goals and objectives. Motivation has been defined under certain concepts that need to be mentioned and examined in terms of reducing employee turnover within organisations. Initially, the researcher believes that basic concepts of motivation like intrinsic and extrinsic need to be discussed and later other concepts like push and pull and self control will be discussed in detail. Intrinsic motivation refers to the motivation that is developed deep within by individuals. When individuals start taking interest in certain tasks along with enjoying them; they are automatically motivated. Intrinsic motivation does not require any push or strategy and is often felt by individuals. Intrinsic motivation is all about deriving pleasure from activities that help individuals to grow and develop rather than depending on extrinsic factors like rewards and strategies. It is all about engaging individuals in tasks that they enjoy rather than offering tasks that do not appeal much to them. In the context of the banking sector, there are a number of tasks and activities that need to be executed and managed by employees.
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“How Can Motivation Reduce Employee Turnover in the Banking Sector Dissertation”, n.d. https://studentshare.org/management/1394837-how-can-motivation-reduce-employee-turnover-in-the-banking-sector.
This project aims to conduct interviews among 10 employees from BI Worldwide whose operations in the United Kingdom operate in Milton Keynes and to review the business case and environment of BI Worldwide and relate such information to previous research findings to examine the impact of their employees’ involvement on these individuals’ performance in the workplace.
However, breakdown of labor turnover into different types is essential for analysis and this research is specifically undertaken with reference to resignations. Labor turnover in industries on account of resignations is caused due to several factors which could be personal or work related.
Motivation plays a key role in giving shape to the way organisations function today. It accounts for an important component of the human resource functions practiced in companies. Human resource is considered to be the most important asset of any company.
Background of the Study Financial institutions all over the world are experiencing various problems as regards attracting and retaining high quality technical talent. For instance, in India, the banking in the public sector experiences this particular problem due to the implemented salary structures therein (Shroff 2007).
Saudi Basic Industries Corporation of SABIC is among the world’s largest top five manufacturers of petrochemicals including fertilizers, chemicals, plastics and metals (SABIC, 2011). It is also the largest non-oil company in the entire Middle East, and it maintains an international presence through numerous mergers and joint ventures across the world.
It is a systematic effort to gain new knowledge (Newman & Benz , 1998).” Research design This research will be exploratory and descriptive in nature. It will try to find out various factors which can be held responsible for employee turnover in organizations.
According to Ramlall (2004: p11), fulfilling such changing needs places heavy responsibility on top management. Moreover, every organization would wish that all its employees follow all established rules and regulations whilst working on meeting set objectives, goals, aims, and standards with regards to performance (Emery and Oertel, 2006: p5).
The researcher is determined to understand the contribution of employees’ motivational levels on individual and organizational performance; to increase the effect of employee motivation on individual performance and to clarify the differences/similarities in the effects of financial and non-financial rewards on organizational performance, so that an improved incentive system can be generated.
Stress has become an extremely common issue of concern in workplaces. Long working hours, inappropriate work design, cumulative job pressure, unpleasant work environments, low salary are some of the major reasons associated with work related stress. Stress can have both physical and psychological effects on a person, and can be a principle cause for fatigue, depression, anxiety, high employee turnover, absenteeism etc which can have resulted in low productivity in business.
68 Pages(17000 words)Dissertation
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