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APPLICATION OF MOTIVATION CONCEPTS AND THEORIES

BY:
KEDAR RISBUD
HITESH JAIN
MANPREET SINGH
MARY DIVYA
JAWAD RUMANE
HEENA JAIN
PROFIT SHARING
• COMPENSATION BASED ON MATHEMATICAL
FORMULA DERIVED AROUND COMPANY’S
PROFITABLITY

A. DIRECT CASH
B. STOCK OPTIONS
GAIN SHARING
• GROUP INCENTIVE SCHEME
• INDEPENDENT OF COMPANY PROFIT
• DEPENDS UPON
PRODUCTION WORKER IN A MEN’S SHOE FACTORY
Who are Production Workers?

Wages is the return given to
workers for their mental and
physical efforts which they put
into the production process.
PRODUCTION FACTORY AT BATANAGAR
Factors
Below 25
26-35
36-44
45 and above

No.of workers
24
26
6
4
60

%
40
44
10
6
100

HOW DO WE MOTIVATE THESE WORKERS??
INCENTIVES BASED SCHEMES
Incentives are an additional
remuneration payable to
efficient workers for their
meritorious performance in
terms of time, costs and
quality to motivate them to
be more productive.
FOCUS POINT
TYPES OF INCENTIVES AND
ALLOWANCE
INDIVIDUAL TARGET SETTING

BENEFIT SCHEMES
EFFECTS
FARM WORKER PICKING CHICKOOS

WAGE INCENTIVES
PIECE PAY RATE SYSTEM
CLERK PROCESSING INSURANCE
CLAIMS
SKILL BASED PAY
• DIVERSITY OF SKILLS
• MORE VERSATILITY, MORE COMPENSATION
TEACHER IN A PUBLIC SCHOOL

SKILL BASED PAY
FAST GROWING COMPUTER
COMPANY

SKILL BASED PAY
THANK YOU

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