OPPORTUNITIES AND LIMITATIONS OF THE STAFF MOTIVATION SYSTEM OF COMPANY

Abstract

The problem of lack of motivation is considered one of the most urgent problems for organizations because not only an increase in the social and creative activity of employees but also the success of the organization depends on the creation and application of a successful motivation system. There are several methods of motivating employees, but in each specific situation, the most proper methods of motivating employees should be applied so that the employees work efficiently. Human motivation is primarily based on needs. Personal motivation in an organization involves both material and non-material incentives that inspire employees to work more efficiently, and it is also a way to attract and retain qualified specialists in the organization. The authors examined the opportunities of the motivation system and the limitations of the system implemented in a metalworking company because nowadays it is important to hire and retain qualified specialists, which is becoming increasingly difficult. Developing a motivational system in organizations is a significant challenge because the managers' understandings of the need for and essence of a motivational system are different. To establish an effective management system, it is important to know how motives responsible for the employee's actions arise and work, how motives become actions and how motivation is implemented. The research aims to analyse the motivation system of an international metalworking company and its opportunities and limitations.