Non-Monetary Motivations

Non-monetary motivations

A motivated workforce is a valuable driver of business success. Motivation is driving force for arousing, selection and direction of behavior that can lead employees to better performance when necessary conditions are met. It is a term used to define failure or success of task. Motivation is an elusive concept, it is not a tangible process nor does it correspond to a one-size-fits-all model. Each organization takes a unique and innovative approach to motivation, common to all is the importance placed on reciprocating the value that employees bring to the organization. Taking an interest in their individual needs and aspirations is a key and fundamental parameter for leveraging sustainable motivation at work (Mathe, Pavie & O’Keeffe, 2012). While the opportunity and ability tend to be stable and difficult to change for the personnel, motivation has flexibility, that is, it can be changed by some means. Furthermore, it is apparent that in the absence of willingness to perform; capacity and opportunity will not generate the desired results (Lameck, 2011). By approaching motivation in the right way, a motivated workforce will be both engaged and satisfied.

Person’s unmet needs, nature of work, work environment etc. are some of the variables affecting the motivational process and are integrated and complementary to each other. Any incentive program referring to the question of how to increase employee motivation focuses on one or more of these variables. There are two types of motivations intrinsic and extrinsic. Intrinsically motivated behavior is stated to arise from innate psychological needs, such as needs for competence and autonomy (Kasser & Ryan, 1996). Intrinsic motivation means a self-generated urge that comes from inside a person and influences him to behave in a particular way. They are connected to job related and social incentives such as opportunity to use one's ability, interesting work, recognition of a good performance,...