Employee Motivation: Financial Incentives and Organizational Impact

This report delves into the realm of financial motivation, exploring its significance in driving employee performance and engagement. It examines various strategies such as remuneration bonuses, fringe benefits, promotions, performance-related pay, and profit sharing, illustrating their practical application through examples from companies like Tesco and Sainsbury's. The report highlights the advantages of financial motivation, including increased innovation, productivity, and a stable, competitive workforce. Furthermore, it explores the perspectives of both employees and employers, emphasizing how financial incentives foster professional growth, encourage active participation, and contribute to overall organizational success. The report also references academic sources to support its findings.

It takes more than a salary to
get the best out of employees
Discuss

TABLE OF CONTENT
Point 2: Financial motivation among employees ................................................................................3
Advantages of financial motivation ................................................................................................3
Financial motivation working..........................................................................................................3
Employees and employers favouring financial motivation............................................................3
REFERENCES.....................................................................................................................................4
l壱
l弐Point 2: Financial motivation among employees
l弐Advantages of financial motivation
l弐There are various advantages of financial motivation at work among employees which
companies should actively focus on for gaining stronger motivation scenarios. Innovation working
growth productivity is attained, which works as one of the best factor to leverage higher revenue
profits at work. Advantages such as high stable competitive workforce are at pace in company
where less turnover rate enhances working vision on wide domains, for keen growth on diversity
aspects and also to bring productive synergy in longer run.
l弐The advantages of financial motivation can be analysed for targeted motivation at given tasks for
stronger working performance , which keeps on new quest horizons to be widely promoted.
Another advantage of financial motivation is based on fact that with varied new scope segments
company is able to enrich new vision formed on larger arenas, perpetual synergy and also for
overall productive scenarios within revenue goals.

l弐Financial motivation working
Financial motivation work as one of the best motivation which companies strategically use
for targets completion when there is competitive pressure on business goals, where examples can be
understood as follows:
·Examples of financial motivation can be understood by analysing: Remuneration bonuses, fringe
benefits and promotions are used by Tesco for enhancing satisfaction of employees on larger
scenarios where it works as motivation for employees. Financial motivation boosts morale of
employees to bring on varied innovative ideas forward, take active participation among working
platforms and for diversity enrichment (Morosan-Danila,Nastase and Grigoras-Ichim, 2020).
·Another example is performance related pay and profit sharing aspects which Sainsbury leaders
use financial motivation for gaining informative results, and also there is exploitative motivation
which encourages employees to serve best targets. Financial motivation governs company
employees opportunities for innovation diversity in their keen targets completion, connectivity to
be widely active on wider domains.
·Employees and employers favouring financial motivation
·Employees favour financial motivation as one of the most attractive motivation aspect where they
are employed and motivated to keenly grow within their professional excellence and also be
promoted in company departments for longer run. The employees feel encouraged with incentives
offered at target completion and also their performance scenarios promote vision formational
determinants. There is active evolving aspect within professional domains by gaining financial
benefits at time periods, which enables skills to be diversely active and grown with specialisation
aspects.
·On other hand employers are found to favour financial motivation to empower and encourage
employees among various departments in companies business scenarios where there is active
evolving focus on keen growth arenas. Leaders and managers at companies have focus towards
generating strong financial rewards for employees to be widely active towards gaining work
satisfaction among workforce. Also with stable committed workforce in company, the diversity is
enriched widely. It could be also analysed that when employers use financial benefits competitive
spirit is worked on for evolving growth and factored on growth (Sycheva and et.al 2019).

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·REFERENCES
Books and journals
Morosan-Danila, L., Nastase, C. E. and Grigoras-Ichim, C. E., 2020. The Link Between
Employees’ Motivation With Organisation’s Performance. LUMEN Proceedings. 11.
pp.264-272.
Sycheva, I. N., and et.al 2019. Motivation in personnel management of a trading enterprise.