In a firm, top management would shower attractive performance schemes or incentives like commission, pensions, shares and share options, job rotation, job enrichment, job enlargement, piece rate, performance related ,etc to motivate the staff/workers.
Motivating the staff is a very critical factor for the following reasons:
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Resulting in higher output or productivity meaning that given a certain level of resources, a highly motivated workforce will generate very much more than a demotivated workforce
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Reduces wastages and produce more higher quality works.
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Motivated staff are generally more pro-active and has greater sense of urgency hence making things happen faster
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Motivated staff will give their best to the company hence helping management to achieve the organization objectives like achieving sales and profit targets.
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Because of the importance of motivation, there are many advocates of motivation theory. Some of the following are: