Measurement of Financial Motivator’s Effectiveness in Pharmaceutical Companies in Bangladesh

Abstract

Here the researcher has presented a comparative measurement of financial elements that motivates employees. Like other organizations it is important for the related parties to know what motivates the employees to work. The study on motivation has to determine two major things. First, the degree of need satisfaction of each category as desired by the employees and second, the extent of which such needs are currently being met effectively. These two figures may help in finding out the deficiency, if any in the area of need satisfaction. Motivation theory prescribes us that compensation packages must be designed with employees needs in mind, if the rewards are to create satisfaction and stimulate them to high levels of job productivity. Otherwise, high levels of productivity in job and job satisfaction will not be sustained. Here the researcher has attempted to determine the level of motivation of the employees to the various financial motivators existing in their organization. Thus he has tried to know, whether the employees of the selected companies are motivated or not. To measure the motivation level, Likert’s five-point scale has been used. The total number and percentage of respondents belonging to each level of satisfaction have been shown separately.