1.0 Introduction Human resource has been regarded as the most important asset in an organization. The human resource plans, directs, organizes and controls all the other resources in the firm to ensure that the objectives are met. It should be noted that, it is expected that the senior management in a firm should appreciate the employees in the junior positions so that they can feel motivated to work towards the achievement of the goals of the firm.
Human resource is the biggest challenge because to accomplish the objectives of an organization, human resource has the capability of emotions, feelings and thought to achieve higher productivity and organizational performance.
Organization performance is affected by number of factors, but one of the significant factors is motivation which affects the productivity to a large extent. To manage the existing organization performance and to motivate them for better performance, efficient motivation practices have become more important in all organizations. To survive in the today’s global and competitive market, all factors of production- machine, material and men should be managed in an impressive way.
According to Harvard Management Update (2006), most companies have it all wrong. They don 't have to motivate their employees. They have to stop de-motivating them.
The great majority of employees are quite enthusiastic when they start a new job. But in about 85 percent of companies, our research finds, employees ' morale sharply declines after their first six months and continues to deteriorate for years afterward. The fault lies squarely at the feet of management both the policies and procedures companies employ in managing their workforces and in the relationships that individual managers establish with their direct reports.
Many companies treat employees as disposable. At the first sign of business difficulty,
References: Harvard Management Update: by David Sirota, Louis A. Mischkind, and Michael Irwin Meltzer (2006). Employee Motivation: A Powerful New Model: by Nitin Nohria, Boris Groysberg, and Linda-Eling Lee July 2008 Havard Business Review Motivation of Survey Employees in Construction Projects: by Lam & Tang (2003) Nonfinancial Factors Seen as Key to Improving Motivation: by Stephen H. Miller, CEBS: October, 2011 John C. Maxwell, What Are You Committed To, Business Credit (April 2005): 60.