Motivation may be defined as psychological forces that determine the direction of a person’s behavior in an organization. Motivation is central to management because it explains why people behave the way they do. A persons’ behavior tells how motivated they are to do their job at a higher performance level. There is intrinsically and extrinsic sources for motivation (Gareth‚ 2009) There are also two motivational theories which explains how an employee can be motivated. Intrinsic behavior is
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additional findings on the finance-growth nexus and have offered a much bolder appraisal of the causal relationship; firm-level‚ industry-level‚ and cross-country studies all suggest that the level of financial development exerts a large‚ positive impact on economic growth. Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services. The combination of well-developed financial
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July-December‚ 2010 Employee Participation in Decision Making in RMG sector of Bangladesh: Correlation with Motivation and Performance MD. ANOWAR HOSSAIN BHUIYAN1 Abstract Participation in decision making in industry results in satisfaction of employees and an increase in productivity and profit. It empowers the employer to achieve the organizational goal. This study was conducted to assess the present situation‚ nature and types of workers participation and motivation system in Ready Made Garments
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Pay-for-Performance: Incentive Reward Program Pay-for-Performance: Incentive Reward Program The question of “how much does this job pay?” comes easily to most employees however they sometimes fail to recognize the complex nature that compensation and benefit programs have within an organization. There needs to be a distinct balance between these two areas – addressing the needs of the workforce but at a reasonable cost
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Australian Journal of Business and Management Research Vol.1 No.9 [113-123] | December-2011 FACTORS AFFECTING EMPLOYEE JOB SATISFACTION OF PHARMACEUTICAL SECTOR Mosammod Mahamuda Parvin: Corresponding Author mahamuda_p@yahoo.com Lecturer‚ Department of Management and Finance Sher-e-Bangla Agricultural University‚ Dhaka M M Nurul Kabir Lecturer‚ Departmrnt of Management Govt. Shohid Suharwardy College‚ Dhaka ABSTRACT The Pharmaceutical sector plays a vital role in underpinning the economic development
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A New Organization Olivia C. Rose MGT240-0902B-26 Unit 3 IP June 28‚ 2009 A New Organization As the new manager of the organization the first thing I would do to start making changes is show an increase in the companies’ profit margin. Secondly‚ all employees will need to be motivated and retrained. Through these changes‚ an increase in company’s financial status will increase as well as the moral. The company’s resources will have to be focused on the unsuccessful and outdated product lines
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and Employee Loyalty will help company’s leader be able to structure a business in which employees contribute most to its development. In this research‚ the four questions will be focused are: 1. What is the Company culture? 2. What is the employee loyalty? 3. Will the innovation in Company Culture results in better Employee Loyalty? 4. What are the implications of the study in Vietnam? Result of this research showed “There is a Positive Correlation between Company Culture and Employee Loyalty”
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Applied H.R.M. Research‚ 2003‚ Volume 8‚ Number 2‚ pages 63-72 Organizational Application Managing Employee Retention as a Strategy for Increasing Organizational Competitiveness Sunil Ramlall‚ Ph.D. University of St. Thomas Research indicates that the total cost of employee turnover is about 150% of an employee’s salary. Because of this high cost of turnover‚ the organization that is the focus of this article sought to understand their employee’s turnover intentions and the reasons for the potential
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Role of Non Monetary factors in Employee motivation. II. NON MONETARY FACTORS: Status or job title: By providing a higher status or designations the employee must be motivated. Employees prefer and proud of higher designations. Appreciation and recognition: Employees must be appreciated for their services. The praise should not come from immediate superior but also from higher authorities. Delegation of authority: Delegation of authority motivates a subordinate to perform the
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m Motivation Theories By Therese Mac Donald Table of Content Page 3 – Introduction Maslow Page 4- Porter & Lawler Page 5- David Mc Chelland F Hertzberg’s Hackman & Oldham Page 6- Heekhausen’s Theories Vroom Justice S Adams D Atkinson B Skinner Page 7- Conclusion 17 November 2012 Therese Donovan Motivation Theories There are quite a number of modern motivational theories that attempt to identify the key needs and
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