Employee Motivation - Motivating Factors

Motivation is integral to employees’ performance in particular and the growth of the organization in general. However, the most important question needs to be answered is how to motivate an employee?

Human behavior is quite complex to understand. Before knowing how to motivate employees, it is essential to know what motivates them. Employees are motivated by both financial and non-financial motivators.

Financial Motivators

The motivators related to money are called financial motivators. Regular and good wages and salary, bonus, periodical increments, profit sharing, leave with pay, medical reimbursements are some of the common financial motivators. Lack of these motivators has a negative bearing upon the performance of the employees.

Non-Financial Motivators

Certain motivators that are not related to money but have a positive impact on the employees are called non-financial motivators. Some of the non-financial motivators are as follows.

• Job Security
• Performance Appraisal, praise and prestige
• Delegation of authority
• Congenial work environment
• Status and pride
• Participation
• Job enrichment
• Job rotation
• Facilities for paid leaves
• Quality of work life

There are many ways to motivate an employee, but choosing the right way to motivate is the difficult task. Considering the complexity and volatility of human behavior, it is pertinent to study the behavior of the employees who need to be motivated.

Any organization is built with employees; hence, employees are called as the building blocks of any organization. Success of any organization is in the hands of the employee and their collective efforts. Employees contribute their work and skills collectively to the organization for its growth, only when they are motivated.