It is a myth that incentives alone motivate a person completely. Money may motivate a person to stay, but it may not motivate them to give their best.
What is Motivation?
Motivation is the willingness to expand one's capacities or the willingness to spend one's energies. There is a famous proverb: "You can lead a horse to water, but you cannot make it drink." A motivated horse starts drinking water on its own and does not require external stimulation.
Factors Influencing Employee Motivation
Employee motivation depends on many factors. It is quite complex and is the output of several factors. Prominent among them are:
- Nature of the job or challenges in the job
- Suitability between the job and the personality of the person
- Organization's culture (progressive, bureaucratic, open, puritanical, etc.)
- Rewards for performance
- Promotion avenues or opportunities for career advancement. In some companies, people keep doing the same job for years.
- Interpersonal environment in the company
- Brand image of the company, growth of the company, or position of the company in the industry
- Leadership at the top. Are they obsessed with "making money" or providing innovative products or services to the customers?
- Whether the manager is a role model, the managerial competencies of the manager
- Training given to the employees
- Upgraded technology in the company (in many companies, Office 2003 is still in use)
- Equal treatment of all departments and no "blue-eyed boys" in the company
- Ethical business practices. For the sake of cost-cutting, management should not encourage bribing or the use of pirated software.
- Quality of the vendors or suppliers. Remember what Jack Welch used to say: "If you want to be the best, then deal with the best."
- Your financial well-being is completely tied to your customer. The customer is "big daddy" in the market, and you are just a small fry.
- Manpower is too scarce. Management wants to keep the manpower "lean," and as a result, there is no room for people to take earned leave.
- Too much attrition.
- No remuneration as per market standards. This fosters the wrong brand image in the job market, and the company is unable to attract quality candidates. Managers often rue that "our management wants us to gallop, but they want us to ride asses!"
- Management has a clique at the top. They listen or believe only in the "inner circle" that comprises people from their caste, creed, religion, etc.
- No empowerment to speak of. The only person who calls the shots is the "top boss."
I recommend studying the above work conditions and bringing about change. At the end of the day, a motivated employee says, "This happens in my company or this will never happen in my company!" He says it without batting an eyelid. That's the sign of a motivated employee!
Regards,
Dinesh V Divekar