Motivating Employees through Performance-Related Pay and Pension Schemes

This assignment explores various ways to motivate employees, including performance-related pay, pension schemes, and corporate clothing. It highlights the significance of employee motivation in achieving business success and provides examples of companies that have successfully implemented these methods.

Human Resource Management
(How organisation motivate its employees)
INTRODUCTION
Within all businesses it is important to ensure all staff is motivated and
performing to the best of their ability. Motivation is defined to be the
type of work ethic that ensures employees are interested and committed
to the job role they are in and work to meet the necessary targets of the
organisation. This will affect sales, manufacturing, activity and
atmosphere of the business positively which makes motivated staff an
essential for all businesses
This type of motivational method allows for a successful, hardworking
employ to receive a benefit for their motivational attitude and extended
dedication to an organisation. For example, within specifically, if an
employee was to sell 40% more stock than expected and show a
positive attitude whilst doing so this company is likely to reward them
with cash related bonus alongside their monthly check. This will
encourage other employees to become self-motivated to reach the
standard required for this bonus.
This type of will motivate staff specifically aware of their
financial stability after work. This type of reward may not
appeal to everyone, such as young 17-19-year-old working
within who may not be considering a pension scheme during
this proportion of their life. However, people in their late
20s/30’s may begin considering and planning for their future
with regards to finance. Having a pension scheme is very
important to many people in this age bracket, especially one
with many benefits. By a company offering one on general
will motivate staff to work to the best of ability so that they
can enjoy a possible indulgent life during retirement.
particularly has an award winning pension scheme which will
allow for their staff to be greatly motivated.
Motivation within Morrison
company
Just like many other businesses, it will use different tactics to
stimulate motivation within their staff. Most are financially
based and perk packages offered for specific scenarios,
however all will have an overall positive effect of the staff
within this organisation.
Performance related pay Pension schemes
Corporate clothing
There are various ways by which employees can be
motivates such as by giving them performance related
pay, pension scheme etc. Employees co-operation is very
important because if they will provide their support then
firm will be able to achieve its desired result or outcome.
There are number of theory that can be used for
evaluating employee performance like goals theory.
Conclusion
Many companies may not realise the full benefit of
corporate clothing. Having a specific dress code and
uniform for a job will affect the performance of an
employee greatly.