Employee Motivation and Performance in Entrepreneurial Firms

Abstract

The main objective of this research work is to determine the relationship between motivation and organizational performance in entrepreneurial firms.  Other specific objectives are to examine the relationship between performance and recognition, job security, promotion, training and development, leadership style, etc. Questionnaires were used to elicit responses and/or perceptions of workers from Timafrique Services Ltd, Warri, Delta State.  Data were analyzed using percentages and mean scores.  Among others, we found out that financial incentives, job security, promotion, leadership style, etc. have a major role to play in relation to organizational performance. Premised upon the researcher’s findings, it was therefore concluded that well motivated employees will no doubt exert extra effort on behalf of the firm and demonstrate unreserved dedication and commitment to work enthusiastically, sacrifice self interest for the firm, geared towards organization’s goals’ attainment.  Thus, it is therefore recommended that firms adequately motivate its employees to induce better performance and organizational growth as it leads to improved performance, increased productivity and increased profitability.  Employees should be equally rewarded and promoted accordingly for high performance and commensurately punish deviants/disgruntled elements in the firm to serve as a deterrent to others and strive for superior performance towards achieving congruent goals.

Keywords: motivation, leadership style, job security, performance, training and development, promotion, financial incentives