Discussion on Business Article

In: Business and Management

Submitted By renee2511
Words 331
Pages 2
One of the most important outcome of a business is to make a profit and human resources are needed in order to do so. “Want To Boost Employee Productivity ? Offer An Incentive” Nicole Fallon Taylor said it best as Surveys shows that 85 percent of workers surveyed felt more motivated to do their best when an incentive was offered (Genesis Associates, 2015). This involves planning, as providing an incentive could be a means to reach a deadline or a goal in a timelier manner and increase profits. Monetary rewards motivates employees the most, however many employees finds recognition to be more important than cash prizes. Managers organize by bringing together employees (human) and financial resources (incentives – monetary of other forms of recognition) to achieve company goals. When offering incentives the nature/culture of the business as well as the staff will determine the type of incentive that will work best. For instance using cost effective rewards or offering temporary company privileges (an assigned parking space, dress down day and awards etc.) as an alternative to monetary rewards. It is important to identify the type of employees as it will determine if the incentive is given publicly or a small announcement instead. Managers are required to Lead and motivate employees to achieve business objectives and goals. They are also required to communicate effectively and be able to understand the needs of employees. Incentives that are more team based maintains higher productivity levels as the employees work together towards one common goal and are awarded as such. If more people are motivated the end result will be more profits. Managers first establish objectives and goals, then measure achievement of those goals, they should be able to identify anything that is keeping the company from achieving them, and provide means of correction if necessary.

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