The Importance of Employee Motivation
- Motivation refers to the inner desire or willingness that propels a person to take action and achieve a specific goal or outcome
- Motivation can be intrinsic, coming from within a person (values, beliefs etc)
- Motivation can be extrinsic, coming from external factors (rewards or punishments)
- Motivation plays a critical role in a business's success and can have a significant impact on productivity, reliability and loyalty of the workers, and labour turnover rates
1. The impact of motivation on productivity
- Motivated employees are more productive and efficient as they are more likely to be engaged in their work and take initiative to meet or exceed their goals
- They will generate higher levels of output and quality
- Increased productivity results in higher profits for the business
2. The impact of motivation on the reliability of workers
- Motivated employees are more likely to be reliable and dependable
- They take pride in their job, show up on time, meet deadlines, and take fewer sick days
- This leads to increased trust between the business and its employees and higher productivity
3. The impact of motivation on turnover rates
- Motivated employees are more likely to stay with the company long-term which reduces the turnover rate
- Lower turnover rates reduce the need for costly recruitment and training