2E - Motivation Strategies Part 1 Flashcards
Performance-related pay
Is a financial reward that employees receive for reaching or exceeding a set business goal
Why:
It motivates employees as it links their performance to increased remuneration, leading to employees feeling that they can personally gain from putting more effort into their work.
Managers:
- a pay rise
- a bonus
- a commission on sales
Short-term employee motivation:
Positive - Employees may be motivated to improve performance quickly in order to gain financial rewards
Negative - Employees may be demotivated if they’re competing against their colleagues for financial rewards
Long-term employee motivation:
Positive - When there is a history of reward and recognition for high-performing employees within the business, employees are more likely to be motivated by the expectation that they will receive rewards in future
Negative - Employees may become demotivated if they continually have to compete with their peers
- Demotivated if the rewards they receive don’t continuously increase in value
Career advancement
Is the upwards progression of an employee’s job position
The opportunity to progress to a higher position can motivate ambitious employees who want more responsibility, authority, or status in the workplace.
Manager:
- ensuring employees are aware of any promotion criteria
- ensuring employees are aware of any senior positions that need to be filled
- promoting from within the business to ensure that employees are constantly working towards career progression
Short-term:
Pos - Employees may be rapidly motivated if they’re taking on more responsibility
Neg - May become resentful and demotivates if they believe they were not considered for a promotion
Long-term:
Pos - May be motivated by ongoing opportunities to be promoted or take on additional responsibilities
Neg - There may be limited number of responsibilities they can absorb in their role, thus fewer career advancement opportunities, limiting motivation
Investment in training
Is allocating resources to improve employee skills and knowledge.
It equips employees with the expertise required to perform at a higher level and can motivate them by providing opportunities to develop their abilities through their work.
Managers:
On-the-job training
- providing employees with mentoring
- training programs within the business
Off-the-job training
- paying for employees to be trained by other professionals outside of the business
Short-term:
Pos - May be motivated by opportunity to learn new skill
Neg - Taking time off work may cause a loss in momentum and consequently lack motivation
Long-term:
Pos - May feel valued when provided with opportunities to develop skills and working in an environment that promotes learning
Neg - May become demotivated by consistent interruptions caused by training programs
Support strategies
Involve providing employees with any assistance that improves their satisfaction at work.
It motivates employees as it allows them to feel valued, understood, and considered by their managers.
Manager:
- Regularly checking on their health and wellbeing
- Praising and encouraging good performance
- recognising achievements through rewards or personal recognition
- accommodating for an employee’s out-of-work obligations
Short-term:
Pos - May be motivated as their wellbeing is considered and valued
Neg - If they feel their wellbeing isn’t considered and valued they may be demotivated
Long-term:
Pos - May be motivated when they feel valued by management and are able to resolve issues efficiently
Neg - If the issues are not resolved in an effective and timely manner, the employees will not feel valued by management therefore, this may also impact their motivation over a long period of time
Sanction Stratgies
Involve penalising employees for poor performance or breaching business policies.
Employees are motivated by sanctions as they fear punishment for failing to fulfill a business’s expectations.
Managers:
- verballing waring employees
- providing written warnings
- dismissing under-performing staff
Short-term:
Pos - May be motivated to follow instructions in order to avoid punishment quickly
Neg - May become resentful of their managers if they utilise threats and punishments, potentially leading to resignations and a decrease in productivity
Long-term:
Neg - Can become desensitized to the threat of punishment
- Can contribute to a negative workplace environment