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Analysis of employee motivation in small and medium-sized companies in western Slovakia region

Author

Listed:
  • Dávid Szabó

    (J. Selye University, Slovakia)

  • Peter Karácsony

    (J. Selye University, Slovakia)

Abstract

It is important for leaders to ensure that their employees do their best in order to reach organizational goals. One way to achieve this is by implementing motivational systems. An effective leader must be aware of what motivates employees to perform. Motivation gives human behavior a direction and intensity which results in certain rewards that are valuable to the individual. The objective of our research was to analyze the effects of motivational factors. In the Slovakian economy, nearly 60 percent of employees are employed by small and medium-sized enterprises, which makes them highly significant. They play an important role in reducing unemployment and the development of the local economy both on a national and on a regional level. In addition, we feel there has only been a small number of studies conducted regarding the factors of internal motivation of small and medium-sized enterprises employees. With this objective in mind, based on the data we collected, we would like to set up a model for the organizations concerned that is easy to comprehend and enables the leaders to get a comprehensive picture about which motivating factors have a relevant impact on the motivation of their employees.

Suggested Citation

  • 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.
    • Handle: RePEc:ssi:jouesi:v:9:y:2021:i:2:p:508-520
    DOI: 10.9770/jesi.2021.9.2(33)
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    References listed on IDEAS

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    1. 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.
    2. Leete, Laura, 2000. "Wage equity and employee motivation in nonprofit and for-profit organizations," Journal of Economic Behavior & Organization, Elsevier, vol. 43(4), pages 423-446, December.
    3. Lea Sell & Bryan Cleal, 2011. "Job Satisfaction, Work Environment, and Rewards: Motivational Theory Revisited," LABOUR, CEIS, vol. 25(1), pages 1-23, March.
    4. Kovach, Kenneth A., 1987. "What motivates employees? Workers and supervisors give different answers," Business Horizons, Elsevier, vol. 30(5), pages 58-65.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    extrinsic and intrinsic motivational factors; employee's motivation; small and medium-sized enterprises; Slovakia;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • M50 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - General

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