The main elements of the motivation system are considered to be the needs of the individual, their motives, and incentives. Needs can be identified by Maslow’s pyramid, which includes physiological conditions, security, love, recognition, and self-expression. Incentives can be understood as any monetary reward or bonus in any other manifestation. The motives hide what motivates a particular employee to the hard work (Van der Kolk et al., 2019). The reasons may be the need to provide finances for the family, the desire to buy a new house or car, and others. Due to these elements, the most effective motivation of employees often occurs.
The most important indicator of the efficiency of labor use is labor productivity. The more products or work performed per unit of working time, or the less time spent on the production of a team of production or work, the higher the level of labor productivity. For employees to increase their productivity, it is necessary to motivate them. If they understand that by fulfilling high plans, they will eventually receive some bonus, and they will be able to increase their productivity (Van der Kolk et al., 2019). If motivation is insufficient, then productivity will be low. Ultimately, productivity is one of the most critical indicators of enterprise efficiency.
An older adult can be motivated in different ways. Thus, the motive for increasing productivity may be the purchase of health insurance. That is, for practical work, an elderly employee will be able to receive extended insurance that will cover various necessary treatments. In addition, individual needs, for example, the need for safety and tranquility, can be provided by purchasing a trip to a resort or sanatorium by the head. The incentive can be a financial bonus, which will undoubtedly be necessary for every person.
Reference
Van der Kolk, B., Van Veen-Dirks, V., & ter Bogt, H. (2019). The impact of management control on employee motivation and performance in the public sector.European Accounting Review, 5(1), 1-11.