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Rewards for motivating employees
          and global implications
                           Group 3
Contents
   Why Motivation
   How to motivate
   Types of Motivation
   Rewards as Motivating factors
   Global factors
Motivation
   It is defined as an act or process of stimulating to
    action, providing an incentive or motive, especially
    for an act.
   It is the inner force which drives the individuals to
    accomplish personal as well as organizational goals.
   Types
       Internal Type
       External Type
   Employee Motivation
       Maintainers
       Motivators
Why motivation
   Puts human resources into action
   Improves efficiency level of employees
   Leads to achievement of organization goals
   Creating a friendly environment
   Leads to stability workforce
Employees Personal Motivation
   We are making a contribution
   Supervisor’s praise
   Respect to colleagues and peers
   Being informed of happenings
   Having meaningful and interesting work
Image says…
How to motivate employees
   Thank personally, timely, often and sincerely
   Take time to meet and listen to staff
   Provide feedback
   Encourage new ideas and initiative
   Explain how employee fits into organization’s plans
   Involve employees in decisions
   Provide ownership in their work
   Recognize, reward and promote based on
    performance
   Give chance to learn new skills
What motivates employees
   Proper communication in organization
   Positive emotion
   Better relationship between management and worker
   Job satisfaction
   Division of work load
   Appreciations when job well done
   Be part of decisions
   Open communications
   Interesting and meaningful work
   Good relationships at work
Factors of motivation
   Physiological
   Safety
   Social
   Esteem
   Self actualization
   Motivation gives the employee to attain
       Job satisfaction
       Job enrichment
       Growth in organization
   Motivation
       Internal
       External
   Rewards
       Intrinsic
       Extrinsic
Motivation types
   Internal
       Internal motivation - Force that comes from
        ourselves, and causes us to do a good job, because we
        feel good about ourselves when we accomplish
        something.



   External
       External motivation - Force that comes from
        outside, this is evident when we want to do a job that will
        impress someone, or even say receive a prize for it.
Image Says…
Types of Rewards

   Extrinsic
       Pay for work
       Additional paid time-off
       Piece rate
       Gain share/ profit share
       Bonus/wage increase
       Assigning new projects and grades
   Intrinsic
       Internal rewards are associated with high academic and
        occupational achievement

           Flexible schedule
           Casual dress code for at least a day in a week
           Lunch for staff at least once in a month
           Birthday celebrations
           Car wash for office vehicles
           Recreation activities
           Best employee
   How many companies are there under TATA group
    ??
Factors contributing to Motivation in a
Global Scenario
   Foreign Training
   Onsite Work
   International Conference
   International Exhibitions and Fairs
Global Implications
   Exposure to various cultures
   Overall development
   Ethical Values and Beliefs
   Increase in intellectual levels
   Highly motivated
   Exposure to new work environments
Global Implications
   Exposure to new policies.
   new procedures.
   new strategies.
   new philosophies.
   new technologies.
   new infrastructure.
   New languages.
   Build more contacts.
Global Implications

   Well diversified experience.
   More disciplined.
   Improvement in interpersonal skills
Image says…


    1         2
References
   www.abouthr.com
   www.ehow.com
   www.tmcnet.com
   www.static.meteorsolutions.com
   www.gograph.com
   www.123rf.com
   www.googleimages.com
   Ashish K James
   Lerish Lal
   Sebastian
   Sharad
   Archana Ratnam
   Prinny Chacko
   Ragini

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Rewards for motivating employees and global implications

  • 1. Rewards for motivating employees and global implications Group 3
  • 2. Contents  Why Motivation  How to motivate  Types of Motivation  Rewards as Motivating factors  Global factors
  • 3. Motivation  It is defined as an act or process of stimulating to action, providing an incentive or motive, especially for an act.  It is the inner force which drives the individuals to accomplish personal as well as organizational goals.  Types  Internal Type  External Type  Employee Motivation  Maintainers  Motivators
  • 4. Why motivation  Puts human resources into action  Improves efficiency level of employees  Leads to achievement of organization goals  Creating a friendly environment  Leads to stability workforce
  • 5. Employees Personal Motivation  We are making a contribution  Supervisor’s praise  Respect to colleagues and peers  Being informed of happenings  Having meaningful and interesting work
  • 7. How to motivate employees  Thank personally, timely, often and sincerely  Take time to meet and listen to staff  Provide feedback  Encourage new ideas and initiative  Explain how employee fits into organization’s plans  Involve employees in decisions  Provide ownership in their work  Recognize, reward and promote based on performance  Give chance to learn new skills
  • 8. What motivates employees  Proper communication in organization  Positive emotion  Better relationship between management and worker  Job satisfaction  Division of work load  Appreciations when job well done  Be part of decisions  Open communications  Interesting and meaningful work  Good relationships at work
  • 9. Factors of motivation  Physiological  Safety  Social  Esteem  Self actualization
  • 10. Motivation gives the employee to attain  Job satisfaction  Job enrichment  Growth in organization  Motivation  Internal  External  Rewards  Intrinsic  Extrinsic
  • 11. Motivation types  Internal  Internal motivation - Force that comes from ourselves, and causes us to do a good job, because we feel good about ourselves when we accomplish something.  External  External motivation - Force that comes from outside, this is evident when we want to do a job that will impress someone, or even say receive a prize for it.
  • 13. Types of Rewards  Extrinsic  Pay for work  Additional paid time-off  Piece rate  Gain share/ profit share  Bonus/wage increase  Assigning new projects and grades
  • 14. Intrinsic  Internal rewards are associated with high academic and occupational achievement  Flexible schedule  Casual dress code for at least a day in a week  Lunch for staff at least once in a month  Birthday celebrations  Car wash for office vehicles  Recreation activities  Best employee
  • 15. How many companies are there under TATA group ??
  • 16. Factors contributing to Motivation in a Global Scenario  Foreign Training  Onsite Work  International Conference  International Exhibitions and Fairs
  • 17. Global Implications  Exposure to various cultures  Overall development  Ethical Values and Beliefs  Increase in intellectual levels  Highly motivated  Exposure to new work environments
  • 18. Global Implications  Exposure to new policies.  new procedures.  new strategies.  new philosophies.  new technologies.  new infrastructure.  New languages.  Build more contacts.
  • 19. Global Implications  Well diversified experience.  More disciplined.  Improvement in interpersonal skills
  • 21. References  www.abouthr.com  www.ehow.com  www.tmcnet.com  www.static.meteorsolutions.com  www.gograph.com  www.123rf.com  www.googleimages.com
  • 22. Ashish K James  Lerish Lal  Sebastian  Sharad  Archana Ratnam  Prinny Chacko  Ragini