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Dear Sir,
Subject: Submission of term paper on Employee Motivation.
This report focuses on the employee motivational activities at Potent Product Fa
cility of Renata Limited. In writing the report different motivational tools use
d to motivate knowledge worker are studied.
We would like to express our gratitude for your guidance in constructing the out
line of this report. It has been a huge learning experience for us. Looking forw
ard to answer any queries you may have.
Sincerely
___________________
Executive Summary
This paper is prepared with the aim to illustrate the definition and importance
of Employee Motivation in a changing environment, studying a working Framework a
nd illustrating different motivational tools used for knowledge workers. Potent
Product Facility of Renata Limited, a sophisticated pharmaceutical plant is take
n as the study case.
The definition and importance of Employee Motivation are illustrated both in gen
eral and in the context of Renata. Different motivational tools used by PPF to m
otivate their knowledge workers are studied. They are variable pay program- ‘Bonus’,
skill based pay, motivating professionals by various incentives like challenge,
autonomy, recognition, reward, outings, educational excursions etc. These motiv
ational tools are well explained from motivational theories like Maslow’s Hierarch
y of Need, Expectancy Theory, ERG Theory, Equity Theory , Goal Setting Theory an
d David McClellands Theory of Needs etc..
Motivational activities are well maintained at PPF. As a result, they experience
d formidable success in getting MHRA certificate from U.K. as only the second ph
armaceutical company in Bangladesh. Their model can be taken for lesson for othe
r pharmaceutical companies.
CONTENTS
Page No
Executive Summary ………………………….……………….…………..…………………………….3
1.0 Introduction ……………………………………………………….…..….…..................5
1.1 Origin of the Report. ……………………………………………………......................5
1.2 Objective…………………………………………………………………………………………………5
1.2.1 Broad Objective……………………………………………………………………….5
1.2.2 Specific Objetive …………………………………………………………………….5
4.0 Findings………………………………………………………………………………………………….24
4.1 Motivational Tools Used at PPF ………………………………………………………….24
4.1.1 Variable Pay Program …………………………………………………………….24
4.1.2 Skill Based Pay ………………………………………………………..…………….25
4.1.3 Motivating Professional …………………………………………...…………….26
References
1. Kreitner – Management.
9th edition, Houghton Miffin Company.
2. Polanyi, Michael - The Tacit Dimension.
Online description.
3. Stephen P. Robbins – Organizational Behavior
11th edition, Prentice Hall
4. Keith Davis, John w Newstrom – Organizational Behavior
12th edition, The McGraw Companies.
5. Following Web Addresses were visited:
www.biztrain.com/motivation/stories/20ways.htm
WWW.humanresources.about.com/.../motivationrewardretention/Employee Motivation_R
ecognition_Rewards_Retention.htm
http://en.wikipedia.org/wiki/Motivation