TECHNIQUES OF MOTIVATION USED BY SBI LIFE INSURANCE FOR THEIR EMPLOYEES
Motivation involves the basic psychological reasons for a person's actions and behaviour. These are the forces or factors that cause a person to act a certain way or to behave in the manner that they do.
There are various types of motivations used by SBI Life Insurance for their Employees:
Ø Providing adequate resources for each employee to perform well. This includes support functions like information technology, communication technology, and personnel training and development.
Ø Creating a supportive corporate culture. This includes peer support networks, supportive management, and removing elements that foster mistrust and politicking.
Ø Free flow of information. Eliminate secrecy.
Ø Provide enough freedom to facilitate job excellence. Encourage and reward employee initiative. Flextime or compressed hours could be offered.
Ø Provide adequate recognition, appreciation, and other motivators.
Ø Provide skill improvement opportunities. This could include paid education at universities or on the job training.
Ø Provide job variety. This can be done by job sharing or job rotation programmes.
Ø It may be necessary to re-engineer the job process. This could involve redesigning the physical facility, redesign processes, change technologies, simplification of procedures, elimination of repetitiveness, redesigning authority structures.
Ø Provide an extended period of paid time off allows the employee to enjoy family recreation or travel
Ø Organize wellness programs stress reduction, healthy eating and living clinics, weight-loss and smoking-cessation programs, exercise facilities, massage breaks, and health screenings.
Ø In some cases, Employees are allowed to manage budgets, conduct performance appraisals, hire team members, and in rare instances, fire employees
Ø Allows each employee to personally see how their involvement affects corporate success or failure.
Ø Care should be taken, that punishment and penalties are used as a controlling technique and that they do not demotivation.