Business research methods Essay Example | Topics and Well Written Essays - 1500 words - 1

Business research methods - Essay Example Times have changed. People want more. Factors such as job satisfaction, pay, and contributions to the overall business are all influential in employee productivity, but it is the managers, the mid-level managers, that have the biggest influence over employee productivity. Incentive programs may be one of the most common forms of monetary compensation for Productivity. The use of incentives may be viewed to have a positive influence on employee attitudes and behavior. A number of private sector companies use monetary compensation as a way to influence its employees to perform at a higher level. Bonuses can be given to those employees that perform at a consistently high level. Incentive programs structured with employee input work best. Long-term incentives are more powerful than short-term incentive and certainly can lead to high motivation level among employees and lead to production. "If you begin rewarding for specific behavior, the purpose of that behavior becomes the receipt of rewards rather than the personal benefits of behaving in that manner. Incentives should be used to engender employees to be safe. You want to encourage an overall philosophy of safe behavior." (Billsims.com) Although increased wages are important, the perceived value of money varies among employees. There are also many other factors that can influence whether monetary incentives will have the desired motivational effect. Incentive or gain-sharing programmes often fail to produce expected results when employees think the programme is unfair. Outside factors can influence employee production. Other issues such as family disputes or crisis, emotional instability (depression), media perception of an agency etc, all affect employee production. â€Å"While healthy competition is a benefit to the agency, there is no need to create a hostile work environment because of resentment and animosity. Tension in the workplace can definitely cause employees to be less