The Perfect Motivation Mix: A Case of Application of HRM Ratios

Mqondisi Bhebhe *
Studiosity, Sydney, Australia.
Periodicity:June - August'2019
DOI : https://doi.org/10.26634/jmgt.14.1.15234

Abstract

Currently, the debate between financial and non-financial rewards among researchers is a tug-of-war, with the opposing sides often criticising each other, but failing to present a comprehensive alternative solution that could bring this issue to rest finally. Although the majority of the industry's theorists have reached consensus on the need to balance between both financial and non-financial elements, they have, however, left it to the managers themselves to use their own discretion on what they feel is fair. The result has been the application of rewards in subjective proportions, a move that has even worsened instead of improving the situation. This report proposes additional Human Resource Management Ratios in addition to the existing ones. This will help them understand the proportions of both financial/non-financial rewards present in the current motivation mixes and help them adjust them more conveniently using a standard warning metric. It concludes by emphasizing the importance for management to understand the limits of implementing reward systems since all are experimental programmes and that control mechanisms must always be measurable to avert potential disasters in the process.

Keywords

Human Resources Management Ratios, Employee Wellbeing, Measurement, Motivation, Commitment.

How to Cite this Article?

Bhebhe, M. (2019). The Perfect Motivation Mix: A Case of Application of HRM Ratios. i-manager's Journal on Management, 14(1), 1-14. https://doi.org/10.26634/jmgt.14.1.15234

References

[1]. Bhebhe, M. (2018a). Academic Writing Guide for University Students. London, United Kingdom:Bookboon.
[2]. Bhebhe, M. (2018b). Human Resource Management Solutions. Austria: United P.C. Company.
[3]. Burke, W. W. (2011). On the legacy of Theory Y. Journal of Management History, 17(2), 193-201. https://doi.org/ 10.1108/ \17511341111112596
[4]. Cameron, J. (2013). Six reasons your employees will go on strike – expert. Retrieved from https://www.biznews.com/ thought-leaders/2013/12/03/six-reasons-employees-willgo- strike-expert
[5]. Fogarassy, C., Szabo, K., & Poor, J. (2017). Critical issues of human resource planning, performance evaluation and long-term development on the central region and noncentral areas: Hungarian case study for investors. International Journal of Engineering Business Management, (9) 1-9. https://doi.org/10.1177/1847 979016685338
[6]. Huselid, M. A., & Becker, B. E. (1996). Methodological issues in cross‐sectional and panel estimates of the human resource‐firm performance link. Industrial Relations: A Journal of Economy and Society, 35(3), 400-422.
[7]. Javid, S., & Chapa, A. (2014). When Money is not a motivating force in the workplace. Global Journal of Human-Social Science Research, 14(3), 1-6.
[8]. Jenkins Jr, G. D., Mitra, A., Gupta, N., & Shaw, J. D. (1998). Are financial incentives related to performance? A meta-analytic review of empirical research. Journal of Applied Psychology, 83(5), 777-787.
[9]. Laakso, L. (2012). Case study: The impact of financial and non-financial rewards on employee motivation. Turku University of Applied Sciences, 1-66.
[10]. MacDonald, R., & Majeed, M. T. (2011). Causes of Corruption in European Countries: History, Law, and Political Stability. University of Glasgow.
[11]. Mathes, E. W. (1981). Maslow's hierarchy of needs as a guide for living. Journal of Humanistic Psychology, 21(4), 69- 72. https://doi.org/10.1177/002216788102100406
[12]. Miraglia, M., & Johns, G. (2016). Going to work ill: A meta-analysis of the correlates of presenteeism and a dualpath model. Journal of Occupational Health Psychology, 21(3), 261. DOI:10.1037/ocp0000015
[13]. Neely, A. (1999). The performance measurement revolution: Why now and what next? International Journal of Operations & Production Management, 19(2), 205-228. https://doi.org/10.1108/01443579910247437
[14]. Ogbodo, C. O. & Egbunike, F. C. (2016). The relationship between human resource performance ratios and financial performance of Nigerian firms. Journal of Resources Development and Management. 18, 70-85.
[15]. Russel-Prywatta, L. (2018). Corruption, Wealth & Political Power. Retrieved from https://www.transparency. org.uk/corruption-wealth-political-power/
[16]. Rynes, S. L., Gerhart, B., & Minette, K. A. (2004). The importance of pay in employee motivation: Discrepancies between what people say and what they do. Human Resource Management: Published in Cooperation with the School of Business Administration, The University of Michigan and in alliance with the Society of Human Resources Management, 43(4), 381-394.
[17]. Sanchez, P., Chaminade, C., & Olea, M. (2000). Management of intangibles–an attempt to build a theory. Journal of Intellectual Capital, 1(4), 312-327. https://doi.org/10.1108/14691930010359225
[18]. Siddique, C. M. (2004). Job analysis: A strategic human resource management practice. The International Journal of Human Resource Management, 15(1), 219-244. https://doi.org/10.1080/0958 519032000157438
If you have access to this article please login to view the article or kindly login to purchase the article

Purchase Instant Access

Single Article

North Americas,UK,
Middle East,Europe
India Rest of world
USD EUR INR USD-ROW
Online 15 15

Options for accessing this content:
  • If you would like institutional access to this content, please recommend the title to your librarian.
    Library Recommendation Form
  • If you already have i-manager's user account: Login above and proceed to purchase the article.
  • New Users: Please register, then proceed to purchase the article.