Introduction:
With the present state of the economy, ones need to survive is more dominant than ever. The need for shelter, food, and clothing are constant motivators to secure ones job position. Some employees may settle for poor treatment, lower positions, and no raises or advancement in current positions.
As the economy in Canada still in recession, it is vital to retain key employees during recession for the success of every company. Some ramifications if motivational challenge does not work could result in low productivity and poor company morale.
Motivation is the driving power which keeps people going and business always strives to motivate their employees to their best of ability. Motivation represents a crucial challenge for existing organizations. Motivation is very much driven by the work conditions companies create for their employees, how they structure goals and objectives, and how they reward people for the accomplishment of those goals.
Motivated employees have greater attentiveness and are less likely to make mistakes, cause mishaps or be involved in a negative conflict. They also have a tendency to show greater loyalty to the company and have strong attendance. An unmotivated employee will demonstrate the opposite, being dissatisfied with his role in the work environment and therefore, he can negatively affect both the quality of the work as well as how efficiently employees carry out their jobs.
TD Bank:
TD bank headquartered in Toronto, Canada, with
Motivation is having a reason or reasons to act/behave in a particular way. It creates “drive” in people whether it is in pursuit of a goal, or the need to complete an activity. It produces enthusiasm and a willingness to achieve in both a work environment and in your personal life. Motivation can be increased and decreased in line with the incentives on offer.
For any business to be successful it needs motivated employees. They are the single most important factor in the long-term success of an organisation.
What is motivation? As manager’s, motivation is one of the most vital and crucial assets to possess in managing a business. This drive is a critical tool to use in the work place and determine the success or failure of an organization. Motivation is a driving force that initiates and directs behavior. In other words, motivation is an internal energy that drives an individual to do something in order to achieve a certain goal. Therefore, creating a motivating environment in the workplace will lead to happy employees. Creating a work environment like this, managers can expect low staff turnovers, improved productivity, happy customers, and better financial performance. Therefore, the input of motivation use towards employees determines the output efficiency of the company. However, everyone involved in an organization is motivated differently. Everybody has their own individual needs in regards to motivation. Depending on how motivated a person is, determines the effort that individual puts into the work and therefore, how productive they are.
The recession has cost many businesses more than just profits. With unemployment at an all time high and the threat of layoffs looming daily, employee morale is declining at an alarming rate. Threats to increase performance or be fired and the clichéd phrase of, “You should be happy you have a job,” do little more than undermine intrinsic employee motivation. But, is there an alternative organizations
Motivation is the process of operating organizational conditions which will impel employees of any emotion or desire operation one’s will and prompting or driving at it to action.
Motivation is important in every area in life and is very important in the business world. There are many aspects taken into consideration when it comes to motivation. Some of these aspects include
motivation that these employees need. Their motivation can become, “If I produce more than anyone else
Technological advancement would change the requirements of the jobs and would need the late career workers to be retrained or replaced by younger workers who are familiar with the evolving technologies. Due to this reason employees in their late career stages needs job security for them to be motivated. As it would be difficult for the late career workers to find new jobs and be trained over again, a job security is highly important for workers to be motivated. (What do employees really want? Perception v. Reality, 2001)
Merriam-Webster (n.d.) defines motivation as “the act or process of giving someone a reason for doing something.” In the XXXXX of a day, employee motivation is fueled by personal and contextual factors that impact engagement and performance. Both factors influence the employee, but do so based on the individual physiological or psychology need of the employee.
Once I would like to start off explaining what motivation in the workplace. Motivation is an employee 's intrinsic enthusiasm about and drive to accomplish activities related to work. Motivation is that internal drive that causes an individual to decide to take action. The five job related factors that can hinder motivation in the workplace are (1) Inadequate Job Skills, (2) Opportunity for Advancement, (3) Overwork, (4) Respect from Co-worker, and (5) Job security.
Motivation is the desire or willingness of someone to do something. Craig C. Pinder (1998) defined work motivation as a “set of internal and external forces that initiate work related behaviour and determine its form, direction, intensity and duration.” Motivation plays an important role in a business environment, as employee motivation is believed to improved work performance.
Motivation is often something intuitively understood but not always easy to precisely define. One early definition of motivation was formulated by Vroom (1964, cited in Van Eerde and Thierry, p. 576) in which he defined it as a psychological process controlling choices made by people that cause the arousal, direction, and persistence of voluntary actions that are goal directed. However, a more applicable definition of motivation to the workplace describes it as “the degree to which an individual wants and tries hard to do well at a particular task or job” (Mitchell, 1982, p. 82). A more general and recent definition was put forth by Waddell et al (2008) in which they sum up motivation as the
What is motivation? Motivation is defined as “an individual’s willingness to respond to the organization’s requirements in short run.” (P.71 Dixon, 1998) For the purposes of this research paper, I find the most fitting definition of motivation is to define it as “the force that Energizes, Directs, and Sustains behavior.” (uri.com, 2014) Motivation is imperative to productivity. A highly motivated staff often leads to high productivity from the workforce.
Motivation is an important factor which can increase the efficiency in an organization. People need to be motivated in order to use organizational resources effectively. The ability of the manager to motivate his/her workers affects their performance (productivity). Motivation is an effective tool in the hands of management in stimulating the labor force. Motivation increases the eagerness of the employees to work, thus increasing productivity and value of the organization.
Vinay Chaitanya (2014) contended that most workers need motivation to like their employments and perform ideally. A few workers are money spurred while others discover acknowledgment and rewards expressly motivating. Motivation levels inside the work environment directly affect worker efficiency. Laborers who are spurred and amped up for their occupations do their obligations to the best of their capacity and creation numbers increment. therefore, Employee motivation has dependably been a focal issue for leaders and manager. Unmotivated employees are probably going to spend practically no exertion in their employments, stay away from the work environment however much as could be expected, leave the organization if given the open door and