Improve EfficiencyOne of the main benefits of motivation is it improves the level of efficiency in your workforce. It is not just the qualifications, experience, or abilities of an employee that determines productivity as motivation plays a significant role in determining the productivity of an employee. In order to fill the gap between the ability of an employee and his willingness, you have to motivate him so that can give you results according to his abilities. When you improve the efficiency of your employees through motivation, it will also improve overall productivity, reduce costs, and increase the efficiency of the company. You can only achieve the best results if you use all your resources effectively as well as efficiently. To use your human resources in the best possible way, you need to use motivational tools.
Builds friendly relationship Motivation is an important factor which brings employees satisfaction. This can be done by keeping into mind and framing an incentive plan for the benefit of the employees. This could initiate the following things:
Monetary and non-monetary incentives,
Promotion opportunities for employees,
Disincentives for inefficient employees. In order to build a cordial, friendly atmosphere in a concern, the above steps should be taken by a manager. This would help in:
Effective co-operation which brings stability,
Industrial dispute and unrest in employees will reduce,
The employees will be adaptable to the changes and there will be no resistance to the change,
This will help in providing a smooth and sound concern in which individual interests will coincide with the organizational interests,
This will result in profit maximization through increased productivity.
Utilization of Resources Motivation helps stimulate employees.Thus they make the best possible choices, and so the best utilization of the factors of production and other resources. Motivated employees try to minimize their wastages and costs to better their performances.This will help with the firm maximize their potential and make the best use of their limited resources.
Achieving Organizational Goals The best way to motivate employees is to line up their personal goals with those of the organization. The motivated then work tirelessly to achieve not only their personal goals but also the goals of the company. Demotivated employees will not be overly enthusiastic about achieving organizational goals.