DIFFERENTIATED APPROACH TO EMPLOYEE MOTIVATION IN TERMS OF FINANCE

Miloš Hitka · Silvia Lorincová · Marek Potkány · Žaneta Balážová · Zdeněk Caha

32 citations0/0 files storedJournal of Business Economics and Management

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Employee Performance and Management Human Behavior and Motivation Employee Performance and Motivation

Abstract

Motivating the employees is considered one of the essential manager’s skills. Knowledge of powerful motivation factors allow managers to motivate employees effectively. It results in motivated employees able to affect a success of enterprises and its competitive advantage. Following the research carried out using 34,000 Slovak employees, the importance of motivation factors relating to finance was defined. Tukey’s HSD test, as a part of the ANOVA analysis, was used for extensive investigation into the most important motivation factors relating to finance. It is supposed that motivation of employees of different gender, age and job position will differ. The suppositions were confirmed by the results achieved in the research showing significant differences between individual employee categories of managers, blue-collar workers and white-collar workers. Taking into consideration the results, managers are suggested to concentrate on motivating the employees as parts and not as a whole because of the differences in the needs of employees in terms of gender, age and mainly job position.

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2010Intrinsic, identified, and controlled types of motivation for school subjects in young elementary school children 2006Age-differential motivational consequences of optimization versus compensation focus in younger and older adults.2014Challenges and Issues of Generation Z 2018Boomers to Millennials: Generational Stereotypes at Work in Academic Librarianship 2015Employee's Motivation and Satisfaction in Light of Economic Recession: Evidence of Grevena Prefecture-Greece 2011Motivating Employees of Slovenian and Croatian Wood-industry Companies in Times of Economic Downturn

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