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Employee motivation is an intrinsic and internal drive to put forth the necessary effort and action towards work-related activities. It has been broadly defined as the "psychological forces that determine the direction of a person's behavior in an organisation, a person's level of effort and a person's level of persistence". [1]
Motivation is often understood as an internal state or force that propels individuals to engage and persist in goal-directed behavior. [1] Motivational states explain why people or animals initiate, continue, or terminate a certain behavior at a particular time. [2]
Retaining talented and successful employees is a key factor for a company to maintain a competitive advantage. An environment where people can use their talent effectively can help motivate even the most smart, hard-working, difficult individuals.
The most successful visions build on the individual visions of the employees at all levels of the organization, [10] thus the creation of a shared vision can be hindered by traditional structures where the company vision is imposed from above. [3] Therefore, learning organizations tend to have flat, decentralized organizational structures. [7]
According to a report by Catalyst, companies that hire more of these type of workers tend to outperform their competitors.
In accordance with Maslow's theory, which was not specifically developed to explain behavior in the workplace, employees strive to satisfy their needs in a hierarchical order. [4] At the most basic level, an employee is motivated to work in order to satisfy basic physiological needs for survival, such as having enough money to purchase food.
In economics, organizational effectiveness is defined in terms of profitability and the minimisation of problems related to high employee turnover and absenteeism. [4] As the market for competent employees is subject to supply and demand pressures, firms must offer incentives that are not too low to discourage applicants from applying, and not too unnecessarily high as to detract from the firm ...
Those innovations help explain why the CEO of a company in upstate New York with just $13 billion in 2023 revenue has the admiration and friendship of some of the biggest names in business, from ...