An Empirical Analysis of E,mployee )'lotivation and the Role of Demographics: the Banking Industry of Pakistan

Gratis

0
0
2
2 years ago
Preview
Full text
:,ra. tsusiness and \lanagement Research: An International Journal 2012) oi. i \An Empirical Analysis of E,mployee )lotivation and the Role of Demographics: the Banking Industry of Pakistan Abdul Qayyumr and Dr. Sukirno2 of Managentent, Asian lnstittrte o.f Technology, Thailancj Facultl, of Economic.s, Yogvakartct State Universi0,Indonesiu tschool bstract Purpose -The studl'aims to investigate difkrenccs in the relative inrportance and availability of various motivational factors to employees in the banking industrl,of Pakistan. Fuftherrnore, it examines the role of sonre demographic variables in lbrming employees' behaviour in ranking the importance of certain motivational fhctors. Design/methodology/approach -Data rvas collected through a cluestionnaire survey given to l6-5 bank employees in Pakistan. Wilcoxon rank and Mann-Whitncl'U tcsts rvere used to identif,r'difterences in the irnpoftance and availabilitl ol various motivational lactors ancl exarline the impact ol derrographics on ranking behaviour respectivel y. Findings -The findings shorvecl that out of l2 rnotivational tactors. six shorv significant dillerences in terms ol their inrportance and availabilitl' to enplol,ees. Among these six f'actors. the availability to emplovees ol high salarl'.senioritl,-based promotion. and balanced rvolk and lamily lile is lorv compared to their importance level shorvn by the rank irnposed upon them. Horvever. the three remaining f'actors. namely personal development. a stable and secure future. and chances to beneflt societv. have high levels olavailabilitl'compared to their importance level. Moreover. age. experience. education and gender are fbund to have signiticant influence on ranking behaviour olemplol'ees in the importance of various motivational factors. Research Iimitation/implications -The studl'rvas onlv conducted rvithin the banking industrl.'of an Asian countr\'l-he choice ol one industrt' and cLrltural and socioeconomic diversitl, in Asia mav limit generalization of the findin-es. Practical implications -lt is suggested that rnanagers fbcus on flnancial rervards such as high salary to kecp their emplovees molivated. Next. emplol'ees'.jobs shoulcl be fbrrnulated in such a *av that thel,are able to achicve a balanced *ork and lamill, lif'e. Furthermole. managers should lbrnrulate custornized policies considering dif'terenl denrographics. especially expelience and a-ee. Originality/value -Previous research on enrploy'ee motivation has lbcused mainly on advanced countries. Thus. this study contributes to the literature by investigating this topic in an Asian context and ofI'ering irnplications to managers rvorking in the banking industries oldeveloping countries. Keywords: Employee Motivation. Demoglaphics. Banking Industry. Pakistan Paper type: Research Paper I ntroductio n Employee motivation is one of the most important concepts in the fields of organizational behaviour and human resource management. Enrployee motivation is the key to organizational effectiveness and is a predictor of performance and job satisfaction (Ghafoor, 2011; Lather and Jain, 2005).Motivated employees are the cornerstones of arry organization (Anderluhren, et al.,2010) and help organizations to survive (Smith, 1994).CBMR Vol.4, No. 1.2012 pp l-14 7 3*-rress and \lanasement Resealch: An lnternational Journal (2012) rri. I\ r.:r-nore. motivated enrployees possess an awareness olspecific goals that must be achiereJ an ic u lar \a\ s. and they therefore d irect their elforts towards achieving such goals (N e I et a 1.r1r. Oluseri and Ayo (2009) assert that levels of employee perfbrmance rely not onlr on the :rpiorees' actuai skills. but also on the level of motivation they exhibit. Therelore. productir rtr :ri retention of empiovees are considered as functions of employee motivation (Lord. 2001 \lctiration sources also exert inflr-rence on factors such as ernployee tLlrnover. as r'veli as job .arisi-action and organizationai comnritment (Mitchell et ai.200 1).l. t Entploree motivatiorr is a major issue for any organization. Managers have alwavs tried to motivate theil staff to perfbrm tasks and duties to a high standard (Al-Alawi, 200-5).Ali employers want their people to perforrn to the best of their abilities and so take great pains in ensuring that they provide all the necessary resources and a good working environment to keep their employees rrotivated. Yet motivation remains a difficLrlt factor to manage because employees'aspirations and targets do not alrvays matcli r.vhat their ernployers can provide (Lather and Jain,2005).Accordingto MacMillan (2001 .p.207).What motivates an individLral is complex. and the biggest mistake we can make is underestirnating the magnitude olthe human mind".An understanding ol err.rployee motivation has become even more critical due to the rapidly changing nature of organizations. Orgarrizations are becoming global and are shifting lrom traditional hierarchical structures to decentralized structures, and adopting the concept of teams (Erez and Den, 200 I )These changes, along with the trend of downsizing and a shift away from lifetime employ,rnent, have resulted in employees harbouring higher levels of anxiety (Reynolds. 1992).This has a great inrpact on a wolkplace and highlights the importance ol undelstanding enrployee motivation at work today mole tharr ever, parlicularly because motivation affects almost all major aspects of the organization, including satisfaction, organizational comrnitment, job design, benefit prosrammes andjob involvement (Vroom and Deci, 1970).A rnajol function of management is to influence employees to work towards the accomplishment of organizational objectives, and motivation is an important and complex aspect of that function (lslam and Ismail, 2008).This is due, in part, to the fact that what motivates employees changes constantly (Bowen and Radhakrishna, 199 l).A nlanager's ability to Llnderstand what motivates enrployees may help them to identifl,and solve many organizational issLres (Schaefer, 1977).Motivating employees is a dl,narnic process (MacMillan.2007).Moreover, to get productivity up to an optimal level, it is critical to understand how and why people are motivated to work (Hahn and Kleiner,2002; Westover,2008).For this purpose, managers usually spend a considerable amount of time on developing various motivational techniqr-res (Hise, 1993);however, generally speaking,theydonothaveclearpictureofwhatreallymotivatestheiremployees(Creech, 1995).This fact can be observed in a longitudinal study conducted by l(ovach (1995),who attempted to figr-rre out the changes that took place in the impoftance ol various motivational factors to managers and theil suboldinates irr the private sector over a period of 50 years. He found that managers kept the sante ranking of terr motivational factors that they thought kept their employees motivated, while there was an immense change in the priorities of their subordinates during that time period. For exarnple, managers ranked good wages as the most inrportant motivational factor, while employees placed it at number five. This phenomenon is also supported by Wiley (1991),who asserts that although there are certain motivators that employees value over time, their most preferred motivators can change. Managers may build costly compensation pacl

Dokumen baru

Dokumen yang terkait

Analisis Komparasi Internet Financial Local Government Reporting Pada Website Resmi Kabupaten dan Kota di Jawa Timur The Comparison Analysis of Internet Financial Local Government Reporting on Official Website of Regency and City in East Java
19
810
7
Analisis Komposisi Struktur Modal Pada PT Bank Syariah Mandiri (The Analysis of Capital Structure Composition at PT Bank Syariah Mandiri)
23
288
6
Improving the Eighth Year Students' Tense Achievement and Active Participation by Giving Positive Reinforcement at SMPN 1 Silo in the 2013/2014 Academic Year
7
154
3
The Correlation between students vocabulary master and reading comprehension
13
135
49
An Analysis of illocutionary acts in Sherlock Holmes movie
26
145
96
Improping student's reading comprehension of descriptive text through textual teaching and learning (CTL)
8
139
133
Teaching speaking through the role play (an experiment study at the second grade of MTS al-Sa'adah Pd. Aren)
6
120
55
Enriching students vocabulary by using word cards ( a classroom action research at second grade of marketing program class XI.2 SMK Nusantara, Ciputat South Tangerang
11
133
101
An Identity Crisis In Hanrahan's Lost Girls And Love Hotels
0
72
65
The Effectiveness of Computer-Assisted Language Learning in Teaching Past Tense to the Tenth Grade Students of SMAN 5 Tangerang Selatan
4
93
138
Analysis On Students'Structure Competence In Complex Sentences : A Case Study at 2nd Year class of SMU TRIGUNA
8
98
53
The correlation between listening skill and pronunciation accuracy : a case study in the firt year of smk vocation higt school pupita bangsa ciputat school year 2005-2006
9
126
37
Existentialism of Jack in David Fincher’s Fight Club Film
5
71
55
Makna Kekerasan Pada Film Jagal (The Act Of Killing) (Analisis Semiotika Roland Barthes pada Film Dokumenter "Jagal (The Act of Killing)" tentang Pembunuhan Anti-PKI pada Tahun 1965-1966, Karya Joshua Oppenheimer)
17
106
98
Designing the Process Design Process 001
1
44
9
Show more