Most of the time operations of an organization start with the development of business strategy that would underline company’s aim and goals and descries the way they are to be achieved. Moving on, the next step is to come up with Human Resource strategy that would match the business one and make sure workers act in a way that moves the company towards reaching the core goals. To achieve this people have to be motivated to perform their best in a day-to-day work activities. That’s where the company has to start thinking about reward systems (Balkin &Gomez-Mejia, 1987; Hambrick &Snow, 1989; Lawler & Jenkins, 1992a)
A lot of scientific researchers and surveys have been conducted in order to find patterns in worker’s reactions to the practices of worker motivation executed by management. Having few similarities, the motivation factors that really influence the behavior of workers differ from culture to culture, from company to company, from employee to employee. The complexity of the task is increased by acceleration of scientific and technological progress. More intense market competition between companies made performance of Human Resource critical to the success/failure of the company. Thus, in order to keep up with the market trends and outperform the competitors, company has to make sure that the personnel is motivated to perform its best in daily business operations.
One of the most difficult tasks of managing enterprise is to choose suitable method and strategy for Human Resource Management. This is first of all due to the complexity of human psychology. Having various goals, needs and wants every individual will respond differently to the way he/she is being managed, controlled and guided. Not only that, but things that inspire and motivate for better performance differed from person to person. Employee’s satisfaction or dissatisfaction, motivation or frustration will be reflected in the day-to-day job performance. Impacting the operation of
References: Ax., C., Johansson, C., & Kullven, A. (2006). The new Financial Control. p.75 Balkin, D.B., & Gomez-Mejia, L.R Ballentine, A., McKenzie, N, Wysocki, A., & Kepner, K. (2002). The Role of Monetary and Non-Monetary Incentives in the workplace as influenced by Career Stage. p 1-2. Becker, B.E & Huselid, M.A. (1998). High Performance work systems and firm performance: a synthesis of research and managerial implications. JAI Press Inc. p.53-101 Bloom, M., & Milkovich, G.T Business Dictionary. (2012). Definition of the word “motivation” (Source: http://www.businessdictionary.com/definition/motivation.html) Boeree, C.,G. (2006). „ABRAHAM MASLOW. Biography”. Gerhart, B., & Rynes, S.L. (2003). Compensation: Theory, evidence and strategic implications. Thousand Oaks, CA: Sage. Hambrick, D.C., & Snow, C.C. (1989). Strategic reward system. In C.C. Snow (Ed.), Strategy, organization design and human resource management. Greenwich, CT: JAI, p.929-964. Hamel, M.C. (2008). Compensation guide: A Manual on Compensation Practice and Theory. Onestep Project. p.3 (Source: http://www.onestep.ca/Resources/OneStep_Compensation_v6.pdf) Hand, H.H., Mobley, W.H., Meglino, B.M., & Griffeth, R.W. (1979). Review and conceptual analysis of the employee turnover process. Psychological Bulleting, 86, p.493-522. Lawler, E.E., III, Jenkins, G.D. (1992a). Strategic reward systems. CEO Publications G 92-2 (205), p.3 (Source: http://ceo.usc.edu/pdf/T922205.pdf) Lawler, E.E., III, Jenkins, G.D Lawler, E.E., III, Jenkins, G.D. (1992c). Strategic reward systems. CEO Publications G 92-2 (205), p.8 (Source: http://ceo.usc.edu/pdf/T922205.pdf) Lesieur, F.G Mobley, W.H. (1982). Employee turnover: Causes, consequences, and control. Reading, MA: Addison-Wesley. Oxford Dictionary. (2012). Definition of the word “motivation”. (Source:http://oxforddictionaries.com/definition/english/motivation) Voyt, D.D