The Benefits of Motivated Employees | Business Studies for GCSE/IGCSE - Year 11 PDF Download

Introduction to Motivation

• Motivation refers to the internal drive that compels a person to take action and achieve a specific goal or outcome. It can stem from within the individual (intrinsic motivation) or from external factors (extrinsic motivation).
  • Intrinsic motivation originates from a person's values, beliefs, or personal interests.
  • Extrinsic motivation, on the other hand, arises from external rewards or punishments.

Why People Work

Individuals engage in work for various reasons:

• They require income to support their lifestyle and meet basic needs.
• Some may choose voluntary or low-paid work to find purpose or fulfillment.
• Work provides an opportunity for social interaction with others.
• Employment enables individuals to pursue their aspirations and goals.

The Benefits of Motivated Employees

Advantages of a well-motivated workforce are manifold:

• Effective motivation is pivotal for business success.
  • Motivated staff exhibit increased productivity and efficiency.
  • They actively engage in their tasks, demonstrating initiative to meet or surpass objectives.
  • This proactive approach leads to heightened output levels and improved quality, consequently driving up profits.
• Well-motivated workforces generally experience reduced turnover rates.
  • Employees with high motivation levels are more inclined to remain with the company over the long term.
  • Lower turnover rates alleviate the need for expensive recruitment and training procedures.
• Motivated employees typically demonstrate high levels of reliability and loyalty.
  • They take pride in their work, consistently adhering to schedules, meeting deadlines, and maintaining good attendance records.
  • Such behavior fosters trust between the business and its workforce, fostering a positive organizational ethos.