Work Motivation of Staff as a Factor in Improving Financial Performance of a Commercial Enterprise
Effective functioning of any organization is based on a seamless blend of the interaction between a person and organization. The importance of various types of work motivation aimed at achieving the goals of the organization and encouraging staff to work effectively determined the relevance of the s...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | Russian |
| Published: |
Government of the Russian Federation, Financial University
2019-06-01
|
| Series: | Финансы: теория и практика |
| Subjects: | |
| Online Access: | https://financetp.fa.ru/jour/article/view/858 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850025825573797888 |
|---|---|
| author | О. A. Vasilenko |
| author_facet | О. A. Vasilenko |
| author_sort | О. A. Vasilenko |
| collection | DOAJ |
| description | Effective functioning of any organization is based on a seamless blend of the interaction between a person and organization. The importance of various types of work motivation aimed at achieving the goals of the organization and encouraging staff to work effectively determined the relevance of the study. The purpose of the study is to find ways to improve the system of work motivation, on the example of a particular enterprise, and to develop recommendations for improving the performance of the enterprise based on a motivational mechanism. The research objectives are the following: to analyze the current system of work motivation, to assess the efficiency of labor resources at the enterprise, to develop proposals for improving the financial performance of the enterprise through the motivational mechanism. The object of the study is the staff of OOO KL GROUP company specializing in retail trade of footwear, clothing and other products made of genuine leather. The subject of the study is the system of work motivation of staff and financial performance of the company. The following methods were used in the work: comparison, monographic, economic and statistical, horizontal and vertical analysis, expert assessment, sociology, organization theory and others. The authors used the results of a survey conducted by the territorial managers of the company in ten sales departments in order to identify the intensity of customer flows and the time-management of the company employees. A systematic approach in studying motivation factors allowed to develop proposals for creating a system of staff motivation at the enterprise. It is concluded that the implementation of the work motivation mechanism in the sales departments of OOO KL GROUP company gives the following results: satisfaction with the employees and their activities increases, and the company receives an annual increase in profits. Thus, work motivation affects the financial performance of the company. |
| format | Article |
| id | doaj-art-6056230d7f2f4e2d9b21c8ca2b715d4a |
| institution | DOAJ |
| issn | 2587-5671 2587-7089 |
| language | Russian |
| publishDate | 2019-06-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Финансы: теория и практика |
| spelling | doaj-art-6056230d7f2f4e2d9b21c8ca2b715d4a2025-08-20T03:00:43ZrusGovernment of the Russian Federation, Financial UniversityФинансы: теория и практика2587-56712587-70892019-06-01233648110.26794/2587-5671-2019-23-3-64-81722Work Motivation of Staff as a Factor in Improving Financial Performance of a Commercial EnterpriseО. A. Vasilenko0Socio-Legal Institute of Economic Security, DomodedovoEffective functioning of any organization is based on a seamless blend of the interaction between a person and organization. The importance of various types of work motivation aimed at achieving the goals of the organization and encouraging staff to work effectively determined the relevance of the study. The purpose of the study is to find ways to improve the system of work motivation, on the example of a particular enterprise, and to develop recommendations for improving the performance of the enterprise based on a motivational mechanism. The research objectives are the following: to analyze the current system of work motivation, to assess the efficiency of labor resources at the enterprise, to develop proposals for improving the financial performance of the enterprise through the motivational mechanism. The object of the study is the staff of OOO KL GROUP company specializing in retail trade of footwear, clothing and other products made of genuine leather. The subject of the study is the system of work motivation of staff and financial performance of the company. The following methods were used in the work: comparison, monographic, economic and statistical, horizontal and vertical analysis, expert assessment, sociology, organization theory and others. The authors used the results of a survey conducted by the territorial managers of the company in ten sales departments in order to identify the intensity of customer flows and the time-management of the company employees. A systematic approach in studying motivation factors allowed to develop proposals for creating a system of staff motivation at the enterprise. It is concluded that the implementation of the work motivation mechanism in the sales departments of OOO KL GROUP company gives the following results: satisfaction with the employees and their activities increases, and the company receives an annual increase in profits. Thus, work motivation affects the financial performance of the company.https://financetp.fa.ru/jour/article/view/858methods of motivationstaffwork motivation managementlabor productivityrevenueprofitprofitabilityenterprise performance |
| spellingShingle | О. A. Vasilenko Work Motivation of Staff as a Factor in Improving Financial Performance of a Commercial Enterprise Финансы: теория и практика methods of motivation staff work motivation management labor productivity revenue profit profitability enterprise performance |
| title | Work Motivation of Staff as a Factor in Improving Financial Performance of a Commercial Enterprise |
| title_full | Work Motivation of Staff as a Factor in Improving Financial Performance of a Commercial Enterprise |
| title_fullStr | Work Motivation of Staff as a Factor in Improving Financial Performance of a Commercial Enterprise |
| title_full_unstemmed | Work Motivation of Staff as a Factor in Improving Financial Performance of a Commercial Enterprise |
| title_short | Work Motivation of Staff as a Factor in Improving Financial Performance of a Commercial Enterprise |
| title_sort | work motivation of staff as a factor in improving financial performance of a commercial enterprise |
| topic | methods of motivation staff work motivation management labor productivity revenue profit profitability enterprise performance |
| url | https://financetp.fa.ru/jour/article/view/858 |
| work_keys_str_mv | AT oavasilenko workmotivationofstaffasafactorinimprovingfinancialperformanceofacommercialenterprise |