Methods of motivations are ways used to increase the performance of the workers at the work place. There many ways to increases the performance of the employees. Different firms have their different ways to improve the performance of their workers. Human resource is one of the important resources of a given organization. High performance can be measured by comparing the results of the work carried out and the set goals. High performance in the work place can result in successful business (Gregory .244). It can be achieved through management practices. There are various ways in which the high performance can be achieved in the work place.
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Fair wages and salaries
One of the most effect methods of motivation is use fair salaries and wages. The employees will always be motivated when they are paid high wages and salaries. The employer can increase the morale of the employees by paying them more than the other firms are paying their employees. The advantage of this method is that it very effective in increasing the morale of the employees. The disadvantage is that it increases the cost of production for the firm.
Give bonuses
The other monetary incentive is the pay of bonus. The employees will be motivated if the employers give bonus for the work done. In most cases, the higher the quality of work did the higher the bonus. Employees will always work hard to get bigger bonuses. The advantage is that the firm that gives bonus workers will always work extra hard to earn bonus.
Payment of overtime
The other monetary incentive that is very effective is the overtime payment. Overtime payment is the payment made for workers who work extra hours besides the normal working hours. Monetary incentives will increase the morale of the workers. The advantage of this method is that workers will work extra hard to earn overtime payment. The disadvantage is that it increases the cost of production for the firm.