In a firm, top management would shower attractive performance schemes or incentives like commission, pensions, shares and share options, job rotation, job enrichment, job enlargement, piece rate, performance related ,etc to motivate the staff/workers.
Motivating the staff is a very critical factor for the success of an organization due to the following reasons:
- It results in higher output or productivity meaning that given a certain level of resources, a highly motivated workforce will generate very much more than a de-motivated workforce
- It reduces wastages and produce more higher quality works.
- Its motivated staff are generally more pro-active and has greater sense of urgency hence making things happen faster
- Its motivated staff will give their best to the company hence helping management to achieve the organization objectives like achieving sales and profit targets.
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