1. CONTINUOUS ASSESMENT-(CA1)
AY-2022-2023(EVEN SEM)
(MAKAUT EXAMINATION)
Assessment Type- Presentation
1
BUDGE BUDGE INSTITUTE OF TECHNOLOGY
Affiliated to MAKAUT(formerly WBUT)& Approved by AICTE, NAAC Accredited
Kolkata - 700 137, West Bengal, India
Phone : 033 2482 0676 / 0670
http://www.bbit.edu.in
Department of Computer Science and Engineering
NBA (National Board of Accreditation) valid from Academic Year 2021-2022 TO 2023-2024 i.e. upto 30-06-2024.
University Roll Number: 27600120018
Name of the Student: LOVEKUSH KUMAR
Course Code: OEC-IT601B
Course Name:
HUMAN RESOURCE DEVELOPMENT AND
ORGANISATIONAL BEHAVIOUR
Semester 6th
Year 3rd
Department Computer Science and Engineering
Topic of Presentation
MONETARY AND NON MONETARY
MOTIVATION
2. 2
INTRODUCTION
MOTIVATION is the willingness to exert high levels of effort toward
organizational goals, conditioned by the effort and ability to satisfy
some individual need.
:- Nature of Motivation:-
1. Motivation may be Financial or Non-financial.
2. Motivation may be positive or Negative.
3. It is concerned with each and every individual of organization.
4. Motivation is a unending process.
5. Motivation leads to the Goals.
:- Importance of Motivation:-
1. Drives to the best result to the Goals.
2. Helpful in building good labor relation.
3. Improvement of skill and knowledge.
4. Is important tool of Management.
5. Decrease wastage and accidents.
6. Improves relation between Manager and employees.
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Types of motivation
1. Monetary motivation
2. Non – monetary motivation
1. Monetary motivation :-
:- Monetary motivators relate to money or any other benefits that can
be converted or expressed into monetary unit .
:- The financial package should motivate the present and prospective
employees .
:- Monetary motivators motivate individuals to join the organizations.
2. Non- monetary motivation:-
:- General hypothesis is that monetary incentives motivate
employees for higher work .
:- People attach more importance to sociopsychological needs that
can not be satisfied by money alone at higher level of managerial
hierarchy .
:- Individuals have variety of needs that they want to satisfy while
working in the organization .
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Monetary Factors:
Monetary factors are extrinsic to work, such as the following:
1. Salary or wages:
This is one of the most important motivational factors in an
organization. Salaries and wages should be fixed reasonably and paid
on time.
2. Bonus:
Bonus is an extra payment over and above salary, and it acts as an
incentive to perform better. It is linked to the profitability and
productivity of the organization.
3. Financial incentives:
The organization provides additional incentives to their employees
such as medical allowance, travelling allowance, house rent
allowance, hard duty allowance and children educational allowance.
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4. Promotion (monetary part):
Promotion is attached with increase in pay, and this motivates the
employee to perform better.
5. Profit sharing:
This is an arrangement by which organizations distribute
compensation based on some established formula designed around
the company’s profitability.
6. Stock option:
This is a system by which the employee receives shares on a
preferential basis which results in financial benefits to the employees.
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Non-monetary Factors:
Non-monetary factors are rewards intrinsic to work, such as the
following:
1. Status:
An employee is motivated by better status and designation.
Organizations should offer job titles that convey the importance of
the position.
2. Appreciation and recognition:
Employees must be appreciated and reasonably compensated for all
their achievements and contributions.
3. Work-life balance:
Employees should be in a position to balance the two important
segments of their life—work and life. This balance makes them
ensure the quality of work and life. A balanced employee is a
motivated employee.
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4. Delegation:
Delegation of authority promotes dedication and commitment among
employees. Employees are satisfied that their employer has faith in
them and this motivates them to perform better.
5. Working conditions:
Healthy working conditions such as proper ventilation, proper lighting
and proper sanitation improve the work performance of employees.
6. Job enrichment:
This provides employees more challenging tasks and responsibilities.
The job of the employee becomes more meaningful and satisfying.
7. Job security:
This promotes employee involvement and better performance. An
employee should not be kept on a temporary basis for a long period.
