Research methods for business Essay Example | Topics and Well Written Essays - 2750 words

Research methods for business - Essay ExampleMotivating employees to reach company goals involves giving employees an inducement to perform to expectations, by appealing to their needs at the psychological level or from a fiscal perspective. In some industries, businesses develop incentives schemes in order to motivate employees to reduce current absentee levels (Kohn, 1999), as unrivalled relevant example.Spitzer (2000) further offers that in order for any takings structure to be successful, the business must(prenominal) first create what is referred to as a scheme of recurrence, which basically means a consistent reward structure which has very clearly defined rewards for specific performance activities. If reward structures reflect what is asked for, it will grow a systematic reality (Spitzer, 2000, p.81). This would suggest that it would be highly important for a business to full understand what types of specific rewards would be embraced by employees prior to adopting and l aunching a reward scheme.Individual actualization could theoretically come in many forms, such as the aforementioned promise of promotion for impact target goals, praising the employee in front of managers, colleagues or clients, or offering an incentive bonus (after an one-year review) which rewards the individual at a later time for meeting performance targets.1.1 Research question and objectivesThis proposed body of work research question seeks to expose whether todays employees in the UK are motivated more by reward schemes or individual performance recognition This subscribe to maintains two distinct objectivesIdentify the perceptions of a wide variety of assorted employees, in different industries, regarding what they would consider to be an accept able-bodied reward scheme to boost individual motivation.To uncover which methods are available to todays businesses to increase motivational levels of employees through individual recognition efforts.1.2 Justification for re search studyThis proposed research study is of considerable interest to todays businesses for many reasons. First, todays global economic recession is putting satisfying pressures on businesses to reduce the payouts associated with various reward schemes in order to recognise costs and satisfy calculate restrictions (Blackwell, 2009). When facing budget problems, it would be of considerable interest to todays companies to explore whether individual recognition can proffer the necessary motivation to make employees excel in their unique job functions so as to be able to abandon costly reward schemes. Further, only one in ten organisations, today, have been able to accurately measure whether any of their reward scheme expenditures have met with higher motivational levels as exceed on the investing (Blackwell). For businesses currently using reward schemes to motivate, but are unable to determine whether the investment is worth the