Employee Motivation and Benefits- It is very crucial for companies to motivate their employees to perform better. Benefits are provided to employees to give them motivation. Companies need to plan a benefits program that would fit their needs and perceptions and provide enough motivation.
Motivation and Morale
The morale of an employee is defined as the total satisfaction derived by an employee from his job, his workgroup, his superior, his organization, and the environment. Morale relates to the employee’s satisfaction, happiness, and comfort in the organization. In short, morale is a mixture of an employee’s attitude, behavior, views, and opinions all taken together in his work scenario and exhibiting his feelings towards his work and working terms and relation to his employers.
There are namely two types of morale. These are as follows:
- High Morale: High morale refers to the determination at work which is essential in achieving management objectives. High morale as a result provides:
- Keen teamwork on employees’ part
- Organizational commitment
- A sense of belonging in the employee’s mind
- Immediate identification and resolution of conflicts
- Healthy and safe work environment
- Effective communication among the members of the organization
- Increase in productivity
- Greater motivation.
- Low Morale: The results of low morale among employees are
- Greater grievances and conflicts in the organization
- High rate of employee absenteeism
- Dissatisfaction with superiors and employers
- Poor working conditions
- Employee frustration
- Decrease in productivity
- Lack of motivation.
Although there is a very close relationship between motivation and morale there are a few differences also.
- While motivation is related to the psychological driving force of individual morale is a group scenario.
- Higher motivation often leads to higher morale on employees but it is not essential that the other way round should also be true. Higher morale may not result in highly motivated employees with a positive attitude to all factors of work.
- Motivation is an individual concept whereas morale is a group concept. So motivation considers the individual differences among the employees whereas morale can be boosted by considering the factors affecting a group scenario or total working conditions.
- Motivation is a primary concern in every organization while morale is of secondary concern because high motivation guarantees higher productivity whereas this is not necessarily true about high morale.
- Things related to morale are just a part of a work environment whereas things related to motivation are related to an individual’s performance.
The module includes:
- Theories of employee motivation
- Objectives of employee motivation
- Types of employee benefits
- Tax obligations
- Statutory employee benefits in India
- Employee benefits alternatives
- Non-monetary benefits
- Deferred compensation plan