Importance of Motivation
- Maximum utilization of factors of production: Workers performs the work sincerely through the inspiration of motivation.
- Willingness to work: Motivation influences the willingness of people to work. A man is technically, mentally, and physically fit to perform the work but they may not be willing to work.
- Reduced absenteeism: Financial incentive schemes coerce the workers to work more. This reduces absenteeism.
- Reduced labour turnover: Motivation has both financial and non-financial incentive schemes. This helps to retain the existing labourers.
- Availability of right personnel: Financial and non-financial incentives not only retain the existing employees but also attract the employees from outside the enterprise.
- Building of good labour relations: Motivation helps to solve the labour problems of absenteeism, labour turnover, indiscipline, and grievance.
- Increase in efficiency and output: Both workers and management have got benefits from motivational plans.
You must check the RBI Grade-B previous year paper to know the exam level and types of questions asked from this chapter.
- A sense of belonging: A proper motivation scheme promotes closer rapport between enterprise and workers.
- Basis of co-operation: Efficiency and output are increased through co-operation. The co-operation could not be obtained without motivation, so motivation is a basis of co-operation.
- Helps in realizing organizational goals: - Organizational goals are achieved quickly through motivation. The motivated employee has a feeling of total involvement in the performance of organizational tasks.
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Nature of Motivation
- Based on motive: Motivation is based on an individual's motives which are internal to the individual. These motives are in the form of feelings that the individual lacks sometimes.
- Affected by motivating: Motivation is affected by the way the individual is motivated, the act of motivating channelizes the need for satisfaction.
- Goal-directed behaviour - Motivation leads to goal-directed behaviour. Goal-directed behaviour is one that satisfies the causes for which behaviour takes place.
- Related to satisfaction - Motivation is related to satisfaction. Satisfaction refers to the contentment experience of an individual which he derives out of need fulfilment thus satisfaction is a consequence of rewards and punishment associated with past experience.
- A person motivated in totality - A person is motivated in totality and not in past. Each individual in the organization is a self-contained unit and his needs are interrelated.
- Complex process - Motivation is a complex process, complexity emerges because of the nature of needs and the type of behaviour that is attempted to satisfy those needs.
Types of Needs:-
There are three types of needs: -
- Primary Needs:
- They are also known as psychological needs or biological needs or basic needs which are essential for survival.
- These needs are common to all human beings.
- Example – Air to breathe, sleep, food, etc.
You should check the required RBI Grade B book to study the motivation and behaviour chapter for the upcoming RBI Grade-B 2022 exam.
- Secondary Needs:
- They are also known as learned or derived needs.
- These needs are not natural but are learned ban by the individual through his experience or interaction.
- These needs are not common to all human beings.
- Example – Need for power, Achievement, status etc.
- General Needs
- These needs lie between the primary needs and secondary needs
- This kind of need is not learned but at the same time, it is not completely physiological.
- Example – Affection, manipulation, curiosity, etc.
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