All
businesses have goals and objects set, that they must achieve, whether they are
small or big. Businesses hire employees to help achieve those goals by
motivating them with money, incentives and other alternatives. Motivation is a
psychological form of catalysis which both the employees and the owners require
to achieve and meet their goals and objectives. This helps in guiding the
company and the employees towards the goals. Motivation is an important part of
business strategy because it helps with saving costs, increasing revenue and
also increasing productivity. Employees that are highly motivated have a
greater willingness to get the jobs done effectively and efficiently. Employees
who have lower motivation work slower costing the business more money.
5 Reasons why Motivation is important
Improves Performance level - As stated
before employees are more willing to work if they are motivated, therefore it
leads to an increase in productivity and the decrease in cost because employees
work more effectively and efficiency.
Helps to change negative or indifferent
attitudes of employees - People think that by working more at their job would not
benefit them because they will not be recognized or be credited more. Many
businesses offer annual pay increase to their employees to motivate them by
changing the negative way of thinking they may have.
Reduction in Employee Turnover – A lot of
businesses spend thousands on hiring new employees and giving them training and
education. While business can save that money by motivating its employees with
financial incentives such as salaries/wage increase, bonus, paid holidays and
trips, etc... With this type of motivations the companies would be increasing
their productions and saving their recruitment costs. Companies will also have
satisfied and motivated employees.
Help to reduce absenteeism in the organization –
Due to
many businesses having poor working conditions, many employees tend to take a
lot of days off from work leading to a higher absenteeism rate. Another cause
for this can also be that the employees do not have work relationships with
their colleagues and supervisors. Businesses need to motivate employees by
offering rewards, appreciation etc… this would make the workplace more
enjoyable for its employees and would motivate them to come to work more.
Reduction in resistance to change- Many employees are
not prepared or willing to accept the changes in the organization. Businesses
need to motivated it employees because motivated employees can improve their
work performance and have more flexibility to accept changes.
Hence
the reasons why it’s important for businesses to motivate its employees
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