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What are some additional financial measures that could be used to positively impact the motivation of...

What are some additional financial measures that could be used to positively impact the motivation of managers?

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Answer #1

Motivation of managers can be done by understanding and considering the needs of managers and providing them with such facilities which they require the most.

The additional financial measures that could be used to positively impact the motivation of managers are :

  • Providing financial rewards to such managers who perform well and are consistent in their work.
  • Promotions can be used as a motivation.
  • Compensation package should be provided to managers.
  • Non-monetary perquisites such as home, car, education fee for manager's children, incentives, bonus, etc are some of the additional financial measures that could be used to positively impact the motivation of managers.
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