Current Trends in Engineering Science
[ ISSN : 2833-356X ]
Application of Garret’s Score Technique to Rank the Drivers of Employees’ Motivation in Order to Adapt Motivational Strategies and Levers: Case of Kilo Moto Mining Company
School of Business and Economics, Atlantic International University, USA
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Abstract
In contemporary organizational management, the issue of workplace motivation has emerged as a significant challenge for managers. Consequently, it is essential for managers to develop strategies that effectively motivate employees, thereby ensuring their engagement and productivity. The effectiveness of these strategies depends on data derived from employees’ personal experiences regarding motivation. The present study entailed a systematic ranking of motivational factors based on their perceived importance and relevance to the respondents, using Garrett’s Ranking Technique. The findings of this study were intended to support managers by providing insights into tailoring motivational strategies and levers. This, in turn, would contribute to enhancing the organization’s overall performance. The target population consisted of all SOKIMO workers. The sample size included 174 employees, and respondents were selected using a convenience sampling method.
The results of the study indicate that remuneration and benefits are the most significant motivational factors in the workplace. While financial incentives and benefits were identified as key elements in the expectations and motivation of SOKIMO employees, the research also highlighted other important factors, listed in order of significance. These factors include recognition, working conditions, career development opportunities, leadership, job security, sense of purpose and accomplishment or achievement, work-life balance, and sense of belonging and social connection at work. The tendency observed among SOKIMO’s employees to prioritize extrinsic factors can be attributed to the challenging socio-economic environment facing the workforce, particularly due to the repercussions of inadequate corporate governance that has persisted for over two decades. To motivate the workforce effectively, it is imperative that SOKIMO management should tail or motivational strategies and levers in accordance with the relative prioritization of relevant drivers of employees’ motivation. This approach necessitates an investment in extrinsic motivation in the short term and, concomitantly, intrinsic motivators in the long run, as emphasized by the findings of this research.