How to Motivate and Reward Employees - Essay Example

The vision is geared to improve the existing working dynamics within his organization as well as to properly scrutinize the effects of productivity as per the domains of the organization. Rewarding employees for the sake of motivation could work wonders for them since these employees are mostly dependent on fiscal and economic upheavals in their lives. If the entrepreneurial firm understands these concerns, it would not be wrong to suggest that growth and development within such reins would happen in a very quick way. The employees will understand the fact that the organization is sincere towards their working basis and hence it makes all the more reason for them to remain loyal and dedicated as per the cause of the entrepreneurial firm itself. This will thus form a symbiotic relationship – where each of the stakeholders within the organization itself will look to provide benefit to the other party (Brewer, 2000).

An entrepreneurial firm must be proactive in its approach towards motivating its employees as this will manifest its attachment to the work processes, business realms, and so on. If this firm does not pay proper heed to the concerns of the employees and has no interest in motivating them consistently, it is given that the employees will either start taking their work for granted or would leave their respective jobs and pursue their careers elsewhere. An entrepreneurial firm cannot afford such inactions and needs to devise policies and mechanisms through which growth levels could be further boosted (Wright, 2001).

This can however exponentially increase dramatically if motivation comes about in a full circle. If the rewards are in monetary terms, the employees appreciate the concern shown by the organization itself. Also at times, promotions and other incentives like bonuses, added privileges, etc are given to the employees who in essence get motivated by the undertakings on the part of the entrepreneurial firm itself. An example of such a company would be Microsoft which was the brainchild of Bill Gates and his partner (Houston, 2006). He motivated the workers under him and made them competent individuals on the job. It is because of this reason that the ex-workers of Microsoft are taken in a higher stead than most of the other companies who had workers working for them of late. It essentially outlines how Microsoft gives attention to the understanding that motivation is indeed very important. Read More