IMPACT OF MOTIVATION ON EMPLOYEE PERFORMANCE WITH EXTRINSIC REWARDS AND EFFECTIVENESS TRAINING IN A COMPANY

Abstract

This research delves into the multifaceted impact of motivation on employee performance within a corporate framework, specifically examining the interplay between extrinsic rewards and effectiveness training. The study employs a mixed-methods approach, combining quantitative analysis through surveys and qualitative exploration via interviews and case studies. A comprehensive review of literature on motivation theories, extrinsic rewards systems, and effectiveness training sets the foundation for understanding the complex relationship between motivation and employee performance. The findings reveal a nuanced correlation between motivation, extrinsic rewards, and effectiveness training. Extrinsic rewards, including financial incentives, recognition, and benefits, play a significant role in enhancing short-term performance levels and fostering a sense of appreciation among employees. However, their sustained impact on long-term motivation and performance is contingent on complementing strategies such as effectiveness training. Training programs that equip employees with necessary skills, knowledge, and tools not only contribute to their motivation but also amplify the effects of extrinsic rewards by empowering individuals to utilize these incentives optimally. Furthermore, the research identifies the importance of intrinsic motivation factors, such as job satisfaction, autonomy, and meaningful work, which can significantly influence sustained high performance beyond the scope of extrinsic rewards and training. The implications of this research are manifold for organizations aiming to optimize employee performance. By understanding the intricate relationship between extrinsic rewards, effectiveness training, and intrinsic motivators, companies can design holistic motivational strategies tailored to their workforce, thereby fostering an environment conducive to enhanced performance, increased job satisfaction, and long-term organizational success.