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Investigating the impact of motivation on employee performance: Case of banking industry of New York

Subject: Consumer Behavior

Paper Model: APA

Paper Type: Assignment

Total Words: 1501

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Motivation and employee performance has been widely discussed in management literature. Employee motivation plays an important role in increasing employee performance. Motivation positively influences employees on the job attitude and behaviors, which ultimately affects employee performance. Motivations are generally described as a psychological state of mind, which makes employees to perform better on their jobs. Motivation comes from different sources. Two types of motivations influence employees’ behavior to perform better on the job. These motivations include extrinsic and intrinsic motivations.

            Extrinsic motivation is comprised of various elements. For instance, basic salary, bonuses, incentives, fringe benefits, holidays and other monitory rewards are including in extrinsic motivation. It is a good source to motivate employees for their work to make them perform better. However, extrinsic motivation is not the only means of motivating employee. Intrinsic motivation also exists and provides good source for employees to make them motivated. Employees motivational needs vey from person to person. Hence, there are considerable numbers of employees, which are motivated by intrinsic motivation.


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