In modern company management, salary has ceased to be the only way to attract valuable employees to a company. Motivational systems have recently become one of the most important factors in human resource management policy. This phenomenon is related to the increasingly common perception of work not only as a source of income, but also as a place for personal development and valuable contacts with people.
A motivational system – definition
A motivational system in a company is a set of mutually related instruments that are intended to contribute to increasing an employee’s motivation to achieve specific goals. A motivational system increases an employee’s efficiency and productivity.
Non-monetary benefits are such motivators. Among the additional benefits offered to employees by employers, there may be both material and immaterial benefits, such as:
- company car,
- cell phone,
- packages of medical services,
- insurance packages,
- meal vouchers,
- pool passes,
- fitness club or gym membership,
- tickets to artistic events,
- discounts on services and goods produced by the company,
- training courses, etc.
Immaterial motivational factors may include, for example, meeting the needs of a young mother by allowing her to work remotely or have a flexible work schedule.
Motivational systems bring benefits to both employers and employees
Motivational systems bring benefits to both employers and employees. For employers, they allow them to reduce costs associated with maintaining workplaces and wages, contribute to an increase in employee satisfaction, and thus increase their engagement and efficiency. An attractive motivational system distinguishes a particular company from others and often makes it a desirable place of employment as a modern company operating at a high level, caring for its employees. The latest research indicates that employee benefits are an important element in choosing a workplace for the youngest players in the market, i.e. millennials.
Motivational systems cause desired behaviors from employers, create a positive attitude towards the company, and ultimately build a bond between the employee and the company. A satisfied employee identifies with the place where they work, and as a result, even with the prospect of a better-paying job, they will choose to remain in their current position rather than move to another company. This has a significant impact on the stability of the company.
From the employee’s perspective, appreciation of their work and involvement in the form of an additional benefit system results in a sense of satisfaction. Sometimes, a seemingly low-value reward can contribute to increased satisfaction with the effort put into work, and this in turn translates into the financial results of the company.
Skillfully constructed motivational systems give employees a sense that their involvement is recognized, and they are treated with attention and subjectivity – not only in terms of tables and numbers. Non-monetary motivational systems allow employees to fulfill their needs in various fields, enable professional and personal development, and provide for interesting time spent with family, as well as saving on expenses in many areas, such as in the case of the above-mentioned benefits
To ensure that all of these factors come into play, the rules of the motivational system must be clearly defined. It must be constructed in a professional manner, so it is best to entrust its creation to specialists. The system designed for a given company should take into account:
- the specific nature of the company,
- the family situation of employees,
- their age,
- the diversity of their needs and interests.
Organizational culture in the process of employee motivation
In the process of motivating employees, it is important to remember the company’s organizational culture. The organizational culture of the company largely determines how the employee perceives the employer, and this translates into the effectiveness of their work. It forms the basis for building the success of a company in which employees have a real impact on the creation of the company’s values.
Eliminating many errors in motivating employees can be facilitated by cafeteria systems.