Motivation and its role in creating an efficient workforce.

 15/8/23

Employees form the backbone of a company, instrumental to its operations and advancements. Utilising their diverse skills, companies achieve operational finesse and meet customers changing expectations effectively. A harmonious team is essential in nurturing a conducive work atmosphere, propelling the organisation towards its goals. Without the employees' innovation and drive for success, failure and inefficiency becomes inevitable for the business.

By understanding the information above, we are able to comprehend that the work employees put into the business is extremely vital. So how do businesses and co-corporations ensure their workers efficiency?

This is achieved by using a range of motivating methods.

Historically, increasing ones pay would ensure that they are committed and provide innovation for the businesses growth, but as times change these cliché methods have evidently failed to generate a more efficient workforce.

The diagram illustrates different motivating methods that businesses use apart from a pay increase. Additional advantages such as secure work environments, independence, and empowerment collectively install a sense of receiving greater value for the employees efforts.

The non-financial benefits that I want to talk about are called fringe benefits. Fringe benefits, additional to basic wages/salaries, play a pivotal role in motivating employees. These perks encompass health insurance, flexible working hours etc. They enhance job satisfaction and work-life equilibrium. Employees feel valued and supported, leading to increased morale and loyalty. This in turn, drives higher productivity, innovation, and lower turnover rates. In a competitive job market, offering appealing fringe benefits sets companies apart, attracting and retaining efficient workers, ultimately benefiting both the workforce and the organisation.
-Sujay Raju




Comments

Popular posts from this blog

What is the Gig economy?

My story starting my own business.

Inflation and its effects on people.