INVESTIGATION OF THE CORRELATION BETWEEN EMPLOYEE PRODUCTIVITY AND MOTIVATION IN THE COMPANY "INNOVATOR"

Abstract

Nino Lazviashvili E-mail: lazviashvilinino11@gtu.ge Professor, Georgian Technical University Tbilisi, Georgia https://orcid.org/0009-0009-1251-4475 Zurab Gegenava E-mail: gege@innovator.ge PhD student, Georgian Technical University Tbilisi, Georgia https://orcid.org/0000-0001-7855-5987 Abstract: In the article - "Investigation of the correlation between employee productivity and motivation in the company "Innovator"" - in the period of 2018-2022 (number of observations n=5), the density of the correlation between productivity (y) and economic motivation (x) in the company "Innovator" is calculated and evaluated. The calculation is made both in terms of the entire number of employees and on average per employee. In any organization there is a resultative event and its cause (or causes). In this particular case, in the company "Innovator" the effective indicator is productivity, i.e. turnover (y), and the causal indicator is labor remuneration (x). The correlation is one-factor, i.e. pairwise, and also linear. In the paper, the density of the correlation connection is calculated by a special formula (Ч_yx ), which is perceived as positively functional if its value is placed in the norm of the numerical connection between the x and y values [-1; 1]. The research established that the correlation coefficient between productivity and motivation in the company "Innovator" is: for the total number of employees - 0.8075 (ie 80.7%) per employee on average - 0.7959 (ie 79.5%) Both these coefficients are placed in the interval between -1 and +1, which indicates the essentiality of this connection. The essentiality (significance) of these coefficients in the paper is substantiated using the student's distribution table. The paper concludes that more than 80% of overall productivity in the company "Innovator" is influenced by external motivation, i.e. the amount of remuneration, and the rest by the internal human factor, i.e. "motivation 3.0". Keywords: correlation; correlational connection; connection density; pairwise correlation; successful event; causal event; correlation coefficient; Student criteria. JEL classification: A2; M12;