PPM Presentation Motivation: The life of organization. Motivation Motivation can be defined as a willingness to expand energy, to achieve a goal or a reward. Importance of motivation Higher productivity Job satisfaction Acceptance of organization change Better use of resources Creates friendly work environment A sound motivation system include Role of entrepreneur Challenging and attainable goals Flexibility Co-operation of employees Motivational theories Maslow’s need hierarchy theory includes:- • Psychological needs • Safety and security needs • Social needs • Self esteem needs • Self actualization needs Motivational theories Herzberg’s theory of motivation • Motivational factors • Hygiene factors Mc Gregor’s theory of motivation • Theory x • Theory y Interviews of manager As blood is to life same as motivation concept is important for organization for its growth.We have met two managers of with whom we discuss the significance motivation in today business world Practical application of motivation Do you think motivation is important for every business? Yes it is important Why motivation is important for every business? It leads to effective utilization of resources and better productivity How can organizations motivate its employees? rate of pay and by providing better working conditions A sound motivation system leads to? Less labour turnover in the organization How does non motivation effects organization? It leads to reduction in worker efficiency It creates an environment of in discipline What is your viewpoint regarding motivation? Motivation is a money point system according to the manager the workers are highly motivated by monetary incentives Various strategies adopted in your organization for motivating employees? Tour to best worker after a year to Shimla. Gifts are given to workers on diwali and new year The firm have made investment of all employees in LIC policy to secure the employees future They believe that there should not be any discrimination between two sexes it leads to psychological importance. Do you think motivation is important for every business? Yes it is important Why motivation is important for every business? To make employees feel that they are a part of organization as there own goals are also accomplished by fulfilling organizational objectives How can organizations motivate its employees? The best way to motivate employees is through monetary incentives like bonus,commision and other perks A sound motivation system leads to? Improvements in performance of employees reduction in employees turnover How does non motivation effects organization? It can lead to shut down of the organization as if employees are not motivated at proper intervals then they do not contribute effectively and efficiently. What is your viewpoint regarding motivation? It is essential element as it forms essence of every business organization it leads to better productivity and creates friendly environment in organization Various strategies adopted in your organization for motivating employees? We are contributing to various insurance plans Tour to best employees after 6 months to Mussoorie. Any queries ?? Thank you!!!