Importance of motivating employees

 

 

 

 

 

Read about the importance of motivating employees within a company as well as how this is an economically wise decision. The first step in this project is to come up with your idea as to how you are going to increase motivation within the company (it can be a real or fictional company). I want you to explain the idea, and present research to support the importance of motivation (how it benefits both the company and the employee) as well as support for your idea specifically.

Read about accounting and decision making. We are going to apply these concepts to your idea from week 2. Provide a cost/benefit analysis for your idea. Make sure to mention any sunk or opportunity costs involved in the implementation of this program as well as the long-term increase in projected profitability. You are permitted to use fictional numbers as far as costs go, but you should provide research to support any opportunity costs or projected profitability. You can find industry averages for various program costs and projected benefits.

 

 

 

 

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