IDEAS home Printed from https://ideas.repec.org/a/prg/jnlpol/v2013y2013i3id903p373-392.html
   My bibliography  Save this article

Úloha mzdy v motivaci a stabilizaci zaměstnanců finančního sektoru v České republice ve vztahu k Herzbergově teorii dvou dimenzí motivace k práci
[The Role of Salary in Employee Motivation and Retention in the Financial Sector of the Czech Republic in Relation to Herzberg´s Two Factor Theory of Work Motivation]

Author

Listed:
  • Iveta Němečková

Abstract

The article deals with employee motivation and retention in the financial sector. The first part defines the terms motivation and retention and introduces the related theories - from the very beginning, through the classical theories and the contemporary modern theories. The article's author utilizes own extensive research among respondents coming from employees in the financial sector, supplemented by the round table method. The author analyzes the research results and deals with the role of wages in employee motivation - whether and when wage functions as a motivator leading to higher employee performance according to the Herzberg's two factor theory (an intrinsic needs motivator, i.e. satisfier) and when it is a factor, if positive, without influence on employee activity while if negative or absent, it causes employee dissatisfaction (a hygiene factor known as dissatisfier in the same theory). There are recommendations for organizational best practices shown at the end of the article.

Suggested Citation

  • Iveta Němečková, 2013. "Úloha mzdy v motivaci a stabilizaci zaměstnanců finančního sektoru v České republice ve vztahu k Herzbergově teorii dvou dimenzí motivace k práci [The Role of Salary in Employee Motivation and Rete," Politická ekonomie, Prague University of Economics and Business, vol. 2013(3), pages 373-392.
    • Handle: RePEc:prg:jnlpol:v:2013:y:2013:i:3:id:903:p:373-392
    DOI: 10.18267/j.polek.903
    as

    Download full text from publisher

    File URL: http://polek.vse.cz/doi/10.18267/j.polek.903.html
    Download Restriction: free of charge
    File URL: http://polek.vse.cz/doi/10.18267/j.polek.903.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.polek.903?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Taylor, Frederick Winslow, 1911. "The Principles of Scientific Management," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number taylor1911.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jeremy Atack & Robert A. Margo & Paul Rhode, 2020. "‘Mechanization Takes Command’: Inanimate Power and Labor Productivity in Late Nineteenth Century American Manufacturing," NBER Working Papers 27436, National Bureau of Economic Research, Inc.
    2. N. I. Fisher & V. N. Nair, 2009. "Quality management and quality practice: Perspectives on their history and their future," Applied Stochastic Models in Business and Industry, John Wiley & Sons, vol. 25(1), pages 1-28, January.
    3. Diwas Singh KC & Bradley R. Staats, 2012. "Accumulating a Portfolio of Experience: The Effect of Focal and Related Experience on Surgeon Performance," Manufacturing & Service Operations Management, INFORMS, vol. 14(4), pages 618-633, October.
    4. Lise Arena & Anthony Hussenot, 2021. "From Innovations at Work to Innovative Ways of Conceptualizing Organization: A Brief History of Organization Studies," Post-Print hal-03290300, HAL.
    5. repec:awi:wpaper:0421 is not listed on IDEAS
    6. Bloom, Nick & Manova, Kalina & Teng Sun, Stephen & Van Reenen, John & Yu, Zhihong, 2018. "Managing trade: evidence from China and the US," LSE Research Online Documents on Economics 88703, London School of Economics and Political Science, LSE Library.
    7. Robert J. Bennett & Harry Smith & Piero Montebruno & Carry van Lieshout, 2022. "Changes in Victorian entrepreneurship in England and Wales 1851-1911: Methodology and business population estimates," Business History, Taylor & Francis Journals, vol. 64(7), pages 1211-1243, September.
    8. Jody Hoffer Gittell, 2001. "Supervisory Span, Relational Coordination and Flight Departure Performance: A Reassessment of Postbureaucracy Theory," Organization Science, INFORMS, vol. 12(4), pages 468-483, August.
    9. Dusan Gosnik & Klemen Kavcic, 2021. "Analysis of Selected Aspects of an Organisation: The Organisation as an Instrument, an Interest Group and as a Process," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 19(2 (Summer), pages 167-181.
    10. Brian Gill, 2022. "What Should The Future Of Educational Accountability Look Like?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 41(4), pages 1232-1239, September.
    11. Elfenbein, Hillary Anger, 2007. "Emotion in Organizations: A Review in Stages," Institute for Research on Labor and Employment, Working Paper Series qt2bn0n9mv, Institute of Industrial Relations, UC Berkeley.
    12. Petrick, Martin, 2017. "Incentive provision to farm workers in post-socialist settings: evidence from East Germany and North Kazakhstan," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 20(2), pages 239-256.
    13. Hervé Crès & Itzhak Gilboa, & Nicolas Vieille, 2012. "Bureaucracy in Quest for Feasibility," Working Papers hal-00973094, HAL.
    14. Marie-Laure Salles-Djelic & Michel Gutsatz, 2000. "Managerial Competencies for Organizational Flexibility: The Luxury Goods Industry between Tradition and Postmodernism," Post-Print hal-01892018, HAL.
    15. Abul Hossain Ahmed Bhuiyan & Aminul Haque Faraizi & Jim McAllister, 2008. "Planning for the deployment of development in Bangladesh," Progress in Development Studies, , vol. 8(3), pages 231-240, July.
    16. Robert Schmidt & Kasper Sanchez Vibaek & Simon Austin, 2014. "Evaluating the adaptability of an industrialized building using dependency structure matrices," Construction Management and Economics, Taylor & Francis Journals, vol. 32(1-2), pages 160-182, February.
    17. MacCormack, Alan & Baldwin, Carliss & Rusnak, John, 2012. "Exploring the duality between product and organizational architectures: A test of the “mirroring” hypothesis," Research Policy, Elsevier, vol. 41(8), pages 1309-1324.
    18. Kim, Jonghun, 2018. "School accountability and standard-based education reform: The recall of social efficiency movement and scientific management," International Journal of Educational Development, Elsevier, vol. 60(C), pages 80-87.
    19. Richard Fellows & Anita M.M. Liu, 2012. "Managing organizational interfaces in engineering construction projects: addressing fragmentation and boundary issues across multiple interfaces," Construction Management and Economics, Taylor & Francis Journals, vol. 30(8), pages 653-671, February.
    20. Jonathan R. Clark & Robert S. Huckman, 2012. "Broadening Focus: Spillovers, Complementarities, and Specialization in the Hospital Industry," Management Science, INFORMS, vol. 58(4), pages 708-722, April.
    21. Sobis Iwona & Berg Frits van den & Vries Michiel S. de, 2012. "The Limits of Leadership," NISPAcee Journal of Public Administration and Policy, Sciendo, vol. 5(1), pages 131-154, July.

    More about this item

    Keywords

    Financial sector; employee motivation; employee retention; wage´s role in employee motivation; Herzberg´s two factor theory;
    All these keywords.

    JEL classification:

    • M5 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlpol:v:2013:y:2013:i:3:id:903:p:373-392. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.