Factors Influencing Employee Motivation

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Factors Influencing Employee Motivation by for University of Acknowledgments The social contract that existed in the United States during the mid-20th century that guaranteed people a lifetime of employment in exchange for hard work and organizational loyalty has essentially vanished. In an increasingly globalized marketplace, many companies of all sizes and types are struggling to remain profitable and competitive, and these trends have adversely affected employee job security and employee motivation in turn. Today's employment setting is characterized by the need for specialized skills and technological expertise and employees who possess these valuable attributes are termed "gold-collar" workers. These valuable employees can make the difference between a successful and an unsuccessful enterprise, so keeping these employees motivated in the workplace has assumed new relevance and importance in recent years. Formulating optimal motivational approaches, though, requires more than just pay (which is consistently cited as a major influence on motivation) and benefits, but a host of other factors as well. To gain some fresh insights in this area, this paper provides a review of the relevant peer-reviewed and scholarly literature to develop a background and overview, as well as an analysis of those factors that have been shown to influence employee motivation. Finally, an assessment of current and future trends in employee motivation is followed by a summary of the
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