Types of Motivation
Motivation can
be classified as follows:
1. Financial: Financial
incentives are the monetary benefits
provided to an employee in the form of higher pay, bonus, commission etc.
2. Non financial: Non-financial incentives are the non-monetary
benefits such as greater decision-making authority, better designation etc.
1. Positive Motivation: Positive motivation implies creation of an
environment in which an individual can satisfy his needs and aspirations. It
can be rewards and appreciation for their best performance.
2. Negative motivation: Negative motivation involves creating a sense of hear or unhealthy
environment. It can be issue of memo, pay cut, imposing fine or penalty.
Negative motivation creates detachment between the individuals and the
organisation leads to lack of integrity to the purpose.
1. Intrinsic
motivation: Intrinsic motivation occurs on job and provides satisfaction while
the job is being performed. Intrinsic motivators include status, authority,
preparation, variety in works, greater opportunity for advancement in job.
2. Extrinsic
motivation: Extrinsic motivators do not occur on the job but around the job.
Extrinsic reward may be direct which are linked with performance like pay
allowance bonus and indirect compensation like free housing, conveyance etc.
Generally direct compensation is more effective motivator than indirect
compensation.Extrinsic rewards maintains the employee where as intrinsic
rewards motivate him.
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