Sunday, 30 December 2018

TECHNIQUES OF MOTIVATION USED BY SBI LIFE INSURANCE FOR THEIR EMPLOYEES


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.

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