Varma (2017) notes that the global business environments are rapidly changing nowadays, the organisations which adapts to the change are the one going to thrive. Motivated and satisfied employees will have committed approach towards organisational objective, in turn organisations will also have to show similar commitment towards employee objectives. It is the human capital (the knowledge skills and abilities of the human resources) as well as the relationships and motivation of the employees that leads to competitive advantage. (Wright et al. 2001 cited in Boxall et al. 2007)
Studies of the impact of motivational work systems on a range of effectiveness criteria have generated mixed results. Evidence is consistently supportive that the work content produced by such configurations (relative to more mechanistic systems) generates a sustained willingness to expend effort, positive work attitudes (e.g. job satisfaction, commitment), and lower levels of absenteeism and turnover on the part of employees (Parker and Wall 1998 cited in Boxall et al. 2007).
According to Boxall et al (2007) in the environments where the production system is capital intensive, and technology savvy the labor cost may be low however the workers play a major role in how well & efficiently the technologies are used. In such environments it’s important to keep their motivation high to utilize their skills better.
Work motivation is often viewed as a set of energetic forces that originate within individuals, energetic forces that determine the form, direction, and intensity of work-related behavior (Latham and Pinder, 2005, cited in Bakker and Leiter, 2010). Thus motivational processes in organizations represent in part individuals’ decisions to allocate energy over time from their energetic resources among different activities. (Bakker and Leiter, 2010)
As the millennial group continue to grow in the workplace, they are fast becoming one of the most complex and challenging generations for leaders to understand and support. This poses a continued challenge for how best to lead and motivate the millennial group in the workplace. Such difficulties are reflected in the literature, which notes that managers are increasingly reporting problems managing and motivating their younger employees (Thompson, 2012)
According to the millennial survey done by Deloitte (2019) 49% of the millennials they have surveyed has informed that they will quit their jobs in 2 years compared to their 2017 survey this figure was 38%. Below bar chart elaborate the top reasons the millennials wanted to leave their organizations.
Source: (Deloitte, 2019)
This becomes an increasing threat to the organizations to keep their employee turnover rates down. Therefore, employee motivation must be considered a key factor to focus within the HR systems.
References:
Bakker, A.B. and Leiter, M.P. (2010). Work engagement : A handbook of essential theory and research. Hove England ; New York: Psychology Press.
Boxall, P.F., Purcell, J. and Wright, P. (2008). The Oxford handbook of human resource management. Oxford: Oxford University Press.
Delloite ed., (2019). The Deloitte Global Millennial Survey 2019. [online] Deloitte Touche Tohmatsu Limited. Available at: https://www2.deloitte.com/content/dam/Deloitte/global/Documents/About-Deloitte/deloitte-2019-millennial-survey.pdf.
Varma, C. (2017). Importance of Employee Motivation & Job Satisfaction for Organizational Performance. International Journal of Social Science & Interdisciplinary Research, 6(2), pp.10–20.