MOTIVATION AT WORK-INVESTIGATION AND ANALYSIS OF MOTIVATION FACTORS IN A PRIVATE ORGANIZATION

Abstract

In todays competitive environment Human Resource Management has become a valuable part of organizations including private sector organizations, with issues of motivation and retention being key to overall corporate performance. The main purpose of the research is to examine the different motivational factors affecting workers in the private sector. When looked upon the first time, the link between employee motivation and performance seems to be quite obvious. That‘s because every time when we deem a task to be important and valuable to us, we act with a high level of dedication and enthusiasm to its completion. However, the relationship between these two things is in fact a lot more complex. Realistically speaking, the duties we have at work can be most of the time tedious, repetitive and quite boring. Most of us don‘t go to work excited that we‘re going to have another day in which we‘ll respond to dozens of emails, complete a pile of Excel spreadsheets, or other tasks which fall into the dullness category. With that in mind, managers need to find creative ways in which to consistently keep their employees motivated as much as possible. Motivation is highly important for every company due to the benefits that it‘s able to bring. There are many theories or approaches to motivation: some claim that the role of social processes in the organization is vital, as long as the need of belonging is more important than money, others consider organizational rewards system as a possibility to motivate employees. There is not one correct approach to motivation, every individual has its own ―needs theory‖, that is why knowing how to motivate your employees is very important managerial skill. This paper will discuss few theories related to motivation and analyse different motivation factors.