Compensation and Motivation

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  1. Does compensation really motivate performance?
  2. Monetary Employee Compensation
  3. Related blog posts
  4. Compensation Strategies and Employee Motivation - Insperity
  5. Money Is Nice, But It's Not Enough to Motivate Employees

For HR professionals, business is too competitive these days not to be recruiting business professionals who can prosper once in the organization. It a task easier discussed than executed upon. First and foremost, to properly recruit motivated individuals, HR professionals, hiring managers and headhunters must learn what drives people…the results may be different than most think.

Here are 10 factors that motivate employees:. Studies have shown that for employees to be motivated, recruiting minimums must be present. These include pay, working conditions and job security. Without these, headhunting even the best employees will yield undesired performance results.

Human Resource Management Lecture Part 05 - Compensation and Benefits

Employees who are attempted to be motivated by the fear of losing their job will have less energy and drive to complete daily tasks. This will have the opposite of the desired effect. Rather than money, studies have shown that how creative an employee feels when working on a project is the strongest and most pervasive driver.

The most sought after employees have a tendency to seek out challenges, to extend and exercise their capabilities, to explore and to learn.

Does compensation really motivate performance?

Imposing too many laws, rules and formal processes will often impede the ability to motivate staff. The more set a process is, the less likely it is going to get done correctly.

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Low compensation can not only hinder motivation and performance, but can actually create vengeful employees. When human beings feel they are being inadequately paid, they will tend to shift the majority of their focus on the unfairness of the situation. Recent studies have shown that people are not predominately motivated by external incentives such as stock options or a higher k plan. Sense of self-worth while performing that job is a much more significant driver.

Monetary Employee Compensation

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Guest Writer. June 23, 4 min read. Opinions expressed by Entrepreneur contributors are their own. More from Entrepreneur. Amina AlTai teaches entrepreneurs and intrapreneurs how to balance a thriving career, body and mind.

Compensation Strategies and Employee Motivation - Insperity

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Money Is Nice, But It's Not Enough to Motivate Employees

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