These advantages may range from of personal interrelations enhancement to job promotion. One of the benefits associated with performance appraisal is that they are used to motivate employees. Performance appraisal acts as a tool for employee motivation. Through assessing employees performance, one’s efficiency can be determined. If he/she performs according to the organization’s expectations, he/she is motivated by his/her carry on.
Introduction In today’s business, maximization of profits represents the principal feature of business operations. In order to achieve the highest profits, companies have to manage their human resources effectively. Thus, employee’s motivation has emerged as a critical component, it holds the key to the success of a company. Therefore, human resource managers must motivate their employees to let them perform to their best and achieve the organizational goals.
It all boils down to the quality of work and amount of employee engagement a supervisors wants in their organization. In order to have a successful business and an abundance amount of support from employees, supervisors need to know the effective methods of employee recognition. In order to know how to effectively give out employee recognition, the importance of the matter should be completely understood by any supervisor. Employee recognition could be seen as a motivation factor. When an employee is given proper recognition, they are motivated to get the current tasks done, as well as future projects.
The workers will perform their best once they realize the management understands them which enhance their morale to perform the best. This results to the success of the whole organization. Emotional intelligence is a wide area which involves various components such as: Self-awareness which a basic element in emotional intelligence as it enables one to have a deeper understanding of his strengths, emotions, needs, drives and weaknesses. People with an understanding of self-awareness know how their feelings may affect them, other people as well as their job performance. Such people understand customer’s impact on their moods and deeper reasons for their frustrations.
Expectancy is defined as how much effort an individual decides to exert toward successful job performance; it is a perceived probability (Pool, 1997). If an individual believes their behaviour impacts their performance, then expectancy is considered high (Pool & Pool, 2007). For example, “Improving my performance will lead to me making more money”. Managers should increase belief among employees that they are capable of performing successfully. Expectancy can be influenced by managers by selecting individuals with particular skills and abilities, providing training, and providing support to achieve a particular level of performance (Ugah, 2008).
Customers provide revenue for the company thus making them have a stake on the company products and services they provide. According to Berens (2012), the stakeholder theory suggests that the company must consider the customer needs. Loyal customers provide a crucial and relevant insight of what a company or firms needs to do in order to satisfy the customer needs. It's through loyal customers that enable companies to retain and sustain competitive advantage. Thus very crucial to establish a relationship with the customers so as they can contribute their views and suggestions.
Introduction: The study of human behavior at work aims to find reasons why individuals are motivated to do things enthusiastically. The level of motivation can differ in people depending on their situation. For example how there are many ways to assist mangers to motivate employees more effectively.
What are the objectives of compensation programs? The main objectives of a compensation program are to attract and motivate employees to achieve retailer’s objectives and reward them for their effort that they have contributed to the company. In the developing process of a compensation program, the store manager must strike a balance between providing attractive compensation to retain the high quality good employees and the labor costs control. Compensation plans are most effective for motivating and retaining employees if the plan is fair and compensation is base on the employees work productivity that they have contributed to the company.
Expectancy Theory is the theory that an individual tends to act in a certain way based on the expectation that the act will be followed by a given outcome to the individual. In other words, it can be described as the belief that higher or increased effort will yield better performance. This can be explained by the thinking of " if I work harder than this will be better". There are three variables that include in Expectancy Theory which is: 1. Expectancy or effort-performance linkage: the perceived probability by the individual that exerting a given amount of effort will lead to performance.
Participative leadership are take heed of advice from employees (Huang, Iun, Liu and Gong, 2010; Somech, 2005). Participative leadership involves employee empowerment and allowing employees to participate in decision making. The positive influences of this leadership strategy are it enhances productivity and increase quality of organizations products, operations, process etc. Besides this, the satisfaction level of employees will increase in this leadership technique. The negative influence of this specific strategy is that it involves issues of security.