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Effect Of Motivational Tools On Employee Satisfaction In Small And Medium Enterprises

Author

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  • Dominika Vlacsekova

    (J. Selye University, Slovakia)

  • Ladislav Mura

    (Pan-European University, Slovakia)

Abstract

Research background: This paper begins by defining the small and medium-sized enterprises and their background in Slovakia. It explores the roles of SMEs in the economic development. Furthermore, the background of the paper analyzes motivational tools in practice. Purpose of the article: The purpose of the paper is to provide a better understanding of the employee motivation issues in small and medium-sized Slovak enterprises; an examination of the motivational tools that influences the levels of satisfaction of employees of SMEs. Methods: This research was conducted with members of small and medium enterprises in Slovakia. A personal information form and the motivation factors questionnaire form were used as data collection tools. The ending contains the results of the research and conclusions. The Pearson-correlation and the Asymptotic Significance (2-sided) were used as statistical methods. Findings & Value added: The findings show that motivation is very individual and managers have a hard task by motivating their employees. Employees are more motivated by intrinsic factors rather than extrinsic, but none of the two can be overlooked by the managers.

Suggested Citation

  • Dominika Vlacsekova & Ladislav Mura, 2017. "Effect Of Motivational Tools On Employee Satisfaction In Small And Medium Enterprises," Oeconomia Copernicana, Institute of Economic Research, vol. 8(1), pages 111-130, March.
    • Handle: RePEc:pes:ieroec:v:8:y:2017:i:1:p:111-130
    DOI: 10.24136/oc.v8i1.8
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    Citations

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    Cited by:

    1. Dávid Szabó & Peter Karácsony, 2021. "Analysis of employee motivation in small and medium-sized companies in western Slovakia region," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(2), pages 508-520, December.
    2. Mariana Sedliačiková & Zuzna Stroková & Miloš Hitka & Nikoleta Nagyová, 2020. "Employees versus implementing controlling to the business practice," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 1527-1540, March.
    3. Poór József & Allen D. Engle & Kovács Ádám & Anna Albrychiewicz-Slocinska & Zdeněk Caha & Vilmante Kumpikaite-Valiuniene & Zsolt Horbulák, 2020. "Initial Findings For Labour Markets In The Czech Republic, Hungary, Poland And Slovakia," Central European Journal of Labour Law and Personnel Management, Labour Law Association, vol. 3(1).
    4. Khawlah AL-TKHAYNEH & Sebastian KOT & Viktor SHESTAK, 2019. "Motivation And Demotivation Factors Affecting Productivity In Public Sector," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2019(33), pages 77-102, December.
    5. Milos Hitka & Silvia Lorincova & Milos Gejdos & Martina Lipoldova, 2022. "Employee motivation during the time of the crisis in agricultural and forestry organizations: Case study," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 68(7), pages 271-281.
    6. Silvia Lorincová & Miloš Hitka & Peter Štarchoň & Katarína Stachová, 2018. "Strategic Instrument for Sustainability of Human Resource Management in Small and Medium-Sized Enterprises Using Management Data," Sustainability, MDPI, vol. 10(10), pages 1-25, October.

    More about this item

    Keywords

    motivation; motivation factors; motivational tools; small and medium-sized enterprises; Slovakia;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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