INTRODUCTION
1.1
BACKGROUND OF THE STUDY
Individuals who are happy with what
they do are more successful. These individuals job performance bring positive
contributions to an organizational growth and advancement. This performance
usually takes social; interest and moral rectitude into account management is
the act of managing people and resources, workers motivation and effective
management. This is true simply because despite management careful planning
forecasting, policy formulation and elaborate organizational structures, the
success of this planning is in hands of employee at all levels. This management
must not only plan, but lead and inspire those upon which it relies to
implement its policies and enable the organization grow.
The talents and energy of
the workforce are the greatest resources of any organization this is an
indispensable means of converting other resources to the use of mankind. How
much we develop and employ human skill is a determinant of how much we will
accomplish. The workers are the most important agent of economic and social
progress what motivates a worker differs depending on the individual s but in
an organization where there are set targets and goals especially were the
organization are into specific products, there is a need to highlight the
measure for which such worker would be motivated through psychological monetary
and esteem compensation.
David C. McClelland’s
(2011) research has indicated that a strong need for achievement. The drive to
succeed or excel is related to how well individuals are motivated to perform
their tasks. People with high need for achievement like to take responsibility
for solving problems.
They tend to set
moderately difficult goals for themselves and take calculated risks to meet these
goals and they greatly value feedback on how well they are doing.
Workers perception and
reactions vary when motivation is taken into consideration. In First bank of
Nigeria Plc, motivation will be looked at from the point of the performance,
job related and sensitive of job analysis and appraisal of job content.
At this point of
introduction we find it convenient to establish the relationship between staff
motivation measure and staff productivity. It is common in Nigeria to hear
workers complaining and expressing their grievances over management inability
to meet expectations. This grievances usually leads to workers management
confrontation. This confrontation is usually expensive considering the actual
cost of labour lost to management. The workers who are aggrieved in an
organization are happy since his or her effort and contributions are not
regularly commende and rewarded by their employers. Despite attempts by
management to address the situations, it fails to change the circumstances
because issues that are fundamental such as motivation and compensation are not
addressed.
Motivation and
performance energize the individual and corporate workers, if well handed
prevent frustration and redundancy in the organization, increase output,
encourage psychological and moral growth of workers thereby leading to workers
meeting there objectives in the process of contributing to the attainment of
the organizational goals which leads to survival of and growth of the entire
organization, workers are the core of an organization that needs to motivate
and maintain a productive workforce is require for positive change.
1.2
STATEMENT OF PROBLEM
In
recent times, there is need to appraise the impact motivation can play in the
performance of an organization especially in first bank Nigeria plc. Organization in a given economy contributes
to the overall economic growth and development of such nation. This is true
especially in present era while political world power is attached to the rate
of economic success characteristzing such economy. Its is therefore important
that issue of how organization’s workforce will get motivate should be
discussed since predictability profitability of any organization depends so
much on it employees.
There is a need to seriously look into
the impact motivation would have on the performance of workers. It is an
establishment theory “get the best out of an individual, you invest in it
providing atmosphere comfortable enough to enable him to meet physiological
needs” when workers are not given incentives to enable them meet there project
target they blame is on the boss try to frustrate the effort. In a sensitive
financial institution like the first bank plc, the management buys the workers
trust and encourages them to be more productive knowing what is at stake and
conscious of the effort of losing them to competitors.
Despite management claim workers
still feel unmotivated. The research effort is an attempt to diagnose the
problem required in achieving goods and effective implementation of motivation
theories in the organization. The following area will be examined.
How management perception
of impact of motivation on workers performances tallies with that perceptions
within organization, the effect of such perception psychologically on the
growth of individuals in the organization. Does motivation leads to motivation
leads to loyality and what effect does loyality has in financial organization
1.3 OBJECTIVES
OF THE STUDY
The purpose of the study includes:
i.
To
study if motivation has positive effect on the growth of an organization.
ii.
To
investigate how management perception of motivation run with individuals or
workers perception within the organization
iii.
To
determine the course of operation and redundancy in an organization.
iv.
To
recommend solution to the identified problems.
1.4
RESEARCH QUESTIONS
The research questions that will be
tested are the follows:
i.
What
part does motivation plays in the psychology growth of an individual in
organization?
ii.
Does
management perception of workers motivation tally with that of workers
perception within the organization?
iii.
How
does management view workers productivity?
iv.
Does
motivation leads to increase in productivity?
v.
What
forms of motivation could be applied to enhance productivity?
1.5 REASAERCH HYPOTHESES
Ho: Motivation does not have
significant impact to increase in workers.
Hi: Motivation have significant impact to increase
in workers.
Ho: Motivation has significant effect
on the overall profitability of an organization
Hi: Motivation has no significant effect on
overall profitability of an organization.
1.6
SCOPE AND LIMITATIONS OF STUDY
The scope of the research
project would be limited on the role motivation on enhancing staff productivity
using first bank Nigeria plc as a case study. Some of the limitation faced
during the study are as follows;
i.
time
constraint on the part of the employee on first bank of Nigeria plc as the
respondent to questionnaire designed due to there busy schedule.
ii.
Inadequate
finance also poses some limitation of the study
1.7 SIGNIFICANT OF THE STUDY
There is a significance need for
increase in the productivity of First bank Nigeria plc as a financial
institution there is a lot of role to play in ensuring that this great nation
attains sustainable economic growth and development.
The subject under study is expected
to increase First bank performance and productivity of the nation as a whole.
1.8 DEFINITIONS OF TERMS
In a study of this nature, it is
important to clarify conceptually the key words used in the study so that
better understanding of the topic shall be achieved. Some of these are as
follows:
IMPACT: This is the result or outcome of doing a
certain thing.
MOTIVATION: The act of providing power from within the
person which incites him into action or the way of stimulating someone interest
in performing a certain task.
WORKERS: This is a person employed by an other in
return for wages or salaries and any other kind of benefits.
PRODUCTIVITY: Act of putting one’s best toward achieving a particular
stated objective either individually or collectively.
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