Question

Explain below work motivation system, with example and the benefits it stands to provide the firms, if it is well designed and managed.Also argue with justifications, how the design and management of the system should be approached

i) intrinsic satisfaction

ii) economic rewards

iii) social relationship

Answer 1

This assessment will explain some work motivation system with examples and benefits and how design and management should get approached:

1. Intrinsic satisfaction:

Intrinsic satisfaction is job satisfaction without any external rewards, and workers get job satisfaction because the work given to them is enjoyable and exciting.

For example, various working conditions, like good supervisors and coworkers, can also give Intrinsic satisfaction.

The main advantage of this motivation system is that it is inexpensive. The organization does not need to give any financial reward, and it helps increase productivity and satisfaction among employees.

The design and management should be such that job satisfaction matches employees' job expectations, and the supervisor does not need to make it as a charity work.

2. Economic rewards:

These are the financial rewards given to the employees to motivate them to work hard.

Example: bonus, employee stock option, etc.

The advantages of economic rewards are that the employees feel happy and get satisfaction. It also motivates the employees to work harder and increase their productivity.

The design of the reward system should be as per the level of productivity and efficiency of employees.

3. Social relationship:

Social relationships include maintaining good connections at the workplace. Example: good relationship with the superior, and coworkers.

Good social relationships help the employer to make sure that employees are happy and motivated to do work. Social connections help the employees do you get a feeling of trust and belongingness with the organization.

The manager should design the management of the system so that the employees do not waste much time informally maintaining the social relationship that it starts affecting their work.