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The Importance of Motivation Essay Example

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The Importance of Motivation

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The Importance of Motivation. The Business Dictionary (2010) defines incentive scheme as  an “employee motivational program designed to encourage commitment to increasing productivity or in achieving some worthwhile objective such as reducing the number of manhours lost due to accidents” (par. 1). The definition reflected some of the critical elements identified by Goss as essential for its success:  it a motivational tool designed to achieve a worthwhile objective through increasing employee commitment in enhancing productivity in the workplace. The Business Dictionary (2010) defines incentive scheme as  an “employee motivational program designed to encourage commitment to increasing productivity or in achieving some worthwhile objective such as reducing the number of manhours lost due to accidents”

(par. 1). The definition reflected some of the critical elements identified by Goss as essential for its success:  it a motivational tool designed to achieve a worthwhile objective through increasing employee commitment in enhancing productivity in the workplace.  Weald (2008) examined factors that would determine incentive schemes that truly work: “a combination of reward, recognition and real-time feedback” (Weald, 2008, par. 3). Financial rewards could be augmented by other alternatives such as earning points which can be converted to prices, gift vouchers, vacation trips, and other work-related non-financial items. On the other hand, recognition programs could be designed by management through identifying outstanding performers in a define time frame, say, for the month, for the quarter, or for the whole year. Aside from recognizing the employees’ exemplary performance, they could be given meritorious increases in salary or gift packages, as deemed necessary. Weald (2008) cited the following recognition at ComXo: “One of our clients, ComXo, is running a scheme that is all about the recognition of staff. Borrowing from the Cadbury’s Heroes theme they have branded a ‘Thank You’ board. The Importance of Motivation.

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