Report On Modern Competitive Era Organizations - Motivation Issue

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Added on 2020-02-05

Report On Modern Competitive Era Organizations - Motivation Issue

Added on 2020-02-05

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ACADEMIC & RESEARCH SKILLSFOR BUSINESS

Report On Modern Competitive Era Organizations - Motivation Issue_1

Table of ContentsTASK 1............................................................................................................................................3TASK 2............................................................................................................................................5Introduction.................................................................................................................................5Main body...................................................................................................................................5Conclusion...................................................................................................................................6REFERENCES................................................................................................................................6TASK 3............................................................................................................................................7Introduction.................................................................................................................................7Main body...................................................................................................................................7Conclusion...................................................................................................................................8

Report On Modern Competitive Era Organizations - Motivation Issue_2

TASK 1In modern competitive era organizations are facing many issues, motivation is one of themain problem for management of entities. Currently companies are trying to resolve this issuethrough mechanical means, they provide non monitory rewards to employees to motivate them.This type of reward system impact positively on their behaviour and they become loyal towardsthe brand. Furthermore, management are using several strategies to encourage people and toboost their energy. These are such as skills development, research, communication and rewards.These all are come under performance improvement programs. There are many issues areassociated with non-monitory rewards such as unethical behaviour, decrease corporation etc.Every three or four year VP analyses the situation and review the plan. After proper inspection,senior executive modify the plan and launch new schemes related to team structure, rewardchoice, recognition media etc. It is found from the research that gift cards motivate employeesbut cash benefits also encourage them for improving their performance.Incentives versus recognitionIncentives and recognition look same but both have major difference in terms. Incentivesare given by firms to sales persons when they exceed their break even point. It means when asales executive achieve its target and go beyond its target then individual become able forincentive. Recognition is given to workers of the company when respective perform their dutieseffectively in the workplace. In incentives sales persons have job security, but if individual failsto achieve its target then person will be out of the job. The another difference in between themthat incentives are for short duration whereas recognition is for long duration. Recognitionincreases loyalty of employees but incentives promotes quick tactical change. Does recognition really workWhen employee work extra ordinary and supports the firm with an unexpectedcommercial deal then company gives such people recognition. As management think that it willhelp in increasing employee engagement. But is necessary to look upon the way of lookingexceptional performances. In some firm managers praise the best performer but it createsnegative thoughts in other team members. They think that they also work better but managementhave no concern about them. So it is not necessary that praising always work. It is stated that it isall about context so praise can harm the effectiveness of the team and members performance aswell.

Report On Modern Competitive Era Organizations - Motivation Issue_3

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Report On Modern Competitive Era Organizations - Motivation Issue