<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Organizations invest in different types of resources, which enable them to achieve and maintain their market position and remain competitive. With global competition and changing market environment, one of the key resources, which considerably contributes to improvement of organizations’ competitive posture, are human resources, i.e. employees. The subject of research presented in this paper are factors of employees’ motivation. The aim of the research is to determine the impact of certain factors on employee motivation, based on the importance that different motivation factors have, depending on certain personal and professional characteristics of employees. Based on the results of the survey, the most important factors of motivation are financial factors, specifically the “salary” and “financial rewards”, as well as “job security” as non-financial factor. The variance of repeated measurements showed that there is statistically significant influence of financial motivation factors on employee motivation. However, the results of the analysis of the variance indicate that it is necessary to find the appropriate combination of financial and non-financial motivators, having in mind different characteristics and needs of employees, in order for the employee motivation system to show the expected results.</p>
</abstract>

Organizations invest in different types of resources, which enable them to achieve and maintain their market position and remain competitive. With global competition and changing market environment, one of the key resources, which considerably contributes to improvement of organizations’ competitive posture, are human resources, i.e. employees. The subject of research presented in this paper are factors of employees’ motivation. The aim of the research is to determine the impact of certain factors on employee motivation, based on the importance that different motivation factors have, depending on certain personal and professional characteristics of employees. Based on the results of the survey, the most important factors of motivation are financial factors, specifically the “salary” and “financial rewards”, as well as “job security” as non-financial factor. The variance of repeated measurements showed that there is statistically significant influence of financial motivation factors on employee motivation. However, the results of the analysis of the variance indicate that it is necessary to find the appropriate combination of financial and non-financial motivators, having in mind different characteristics and needs of employees, in order for the employee motivation system to show the expected results.

Analysis of Motivation Factors: Dependance on Personal and Professional Characteristics of Employees

Economic Themes

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Organizations invest in different types of resources, which enable them to achieve and maintain their market position and remain competitive. With global...

Analysis of Motivation Factors: Dependance on Personal and Professional Characteristics of Employees

Published Online: Aug 05, 2022

Page range: 77 - 94

Received: Sep 30, 2021

Accepted: Dec 24, 2021

DOI: https://doi.org/10.2478/ethemes-2022-0005

Keywords
motivation, financial factors, non-financial factors, employees, personal characteristics, professional characteristics

© 2022 Marija Rakić et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Analysis of Motivation Factors: Dependance on Personal and Professional Characteristics of Employees

Published Online: Aug 05, 2022

Page range: 77 - 94

Received: Sep 30, 2021

Accepted: Dec 24, 2021

DOI: https://doi.org/10.2478/ethemes-2022-0005

Keywordsmotivation, financial factors, non-financial factors, employees, personal characteristics, professional characteristics

© 2022 Marija Rakić et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
motivation, financial factors, non-financial factors, employees, personal characteristics, professional characteristics