2021Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)Open access

The impact of remuneration on staff motivation (The case of a bank branch)

Fatma Khalfallah, Adel Necib, Olfa Saghrouni

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Abstract

Researchers and managers have created the concept of work motivation to better understand the operation of firms and organizations, as they recognize the need of creating this emotion in order to provide more effort. Managers began to place a greater emphasis on the social climate and the relationship between employees and their workplaces, i.e.the elements that motivate people to be more dedicated to their jobs. They were also interested in the salary practices that will be implemented in the firm in order to boost employee performance. The purpose of this research is to look into the role of salary as a motivator in a finance department. In fact, we conducted a questionnaire study of a sample of employees, concentrating on motivating factors and the value placed on pay (and its components). Pay is the most motivating element, along with other variables such as effective career management, training, recognition by superiors, and better working environment, according to the findings.

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Researchers and managers have created the concept of work motivation to better understand the operation of firms and organizations, as they recognize the need of creating this emotion in order to provide more effort. Managers began to place a greater emphasis on the social climate and the relationship between employees and their workplaces, i.e.the elements that motivate people to be more dedicated to their jobs. They were also interested in the salary practices that will be implemented in the firm in order to boost employee performance. The purpose of this research is to look into the role of salary as a motivator in a finance department. In fact, we conducted a questionnaire study of a sample of employees, concentrating on motivating factors and the value placed on pay (and its components). Pay is the most motivating element, along with other variables such as effective career management, training, recognition by superiors, and better working environment, according to the findings.

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Available abstract

Researchers and managers have created the concept of work motivation to better understand the operation of firms and organizations, as they recognize the need of creating this emotion in order to provide more effort. Managers began to place a greater emphasis on the social climate and the relationship between employees and their workplaces, i.e.the elements that motivate people to be more dedicated to their jobs. They were also interested in the salary practices that will be implemented in the firm in order to boost employee performance. The purpose of this research is to look into the role of salary as a motivator in a finance department. In fact, we conducted a questionnaire study of a sample of employees, concentrating on motivating factors and the value placed on pay (and its components). Pay is the most motivating element, along with other variables such as effective career management, training, recognition by superiors, and better working environment, according to the findings.

Key concepts: Remuneration, Salary, Order (exchange), Sample (material), Value (mathematics), Work (physics), Business, Public relations

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