Motivation of Employees in Educational Institutions with Special Reference to Educational Institutions in Hyderabad

Abstract

Increasing employee motivation is an on-going concern for businesses because of the high costs associated with employees who lack motivation to perform at their highest potential. Lack of motivation can be evidenced in a variety of ways that can be both detrimental and costly for organizations. Thirty-five percent of employees in the United States abuse sick leave at least once a year. Additionally, turnover costs in United States businesses can be as high as a billion dollars per year Business owners want their organizations to operate at peak performance in order to maintain high profitability. Researchers recognized that motivation is highly correlated with organizational profitability indicating that an increase in employee motivation could cause an increase in organizational profits. Organizational leaders can utilize intrinsic motivational incentives such as recognition and providing opportunities for interaction or extrinsic motivational incentives such as compensation and benefits to motivate employees; however, finding the best combination can be a difficult task for managers. More than 60% of employees who work for non-profit organizations accepted positions for opportunities to make a difference reflecting intrinsic motivational tendencies .However; research indicates that compensation and benefits can positively affect employee motivation across sectors. Therefore, leaders of all organizations need to be attentive to the factors that influence employee motivation. The intent of the research was to examine employee motivation in Minority and Non-Minority Institutions in Hyderabad. Understanding what factors affect motivation can help managers establish incentive plans that will be most effective