Employee Motivation in the Non-government Financing Companies of Bangladesh

Abstract

Bangladesh is a small country of South—East Asia. It is a low-lying coastal area surrounded by India on three sides and Bay of Bengal in one side. It is one of the densely populated countries in the world. Natural disaster is a common phenomenon in this country. Most of the people live in villages and depend on agriculture for the livelihood. Agriculture is responsible for 32% of the total GDP (An overview or the current economic growth in Bangladesh at www.GlobalPolicyNetwork.org). But there is no specific management level in agricultural sector as it is still running with old style fashion. Motivation as an incentive of inspiring employees in all sectors appears strongly in private sector enterprises and slightly in govt. sector organizations and Non Govt. Organizations (NG0s).

Government sector organizations are counting loss year after year due to inappropriate training, shortage of skilled workers, poor salary, weak administration, poor ethical standard, corruption and overall lacking of motivation. Skilled and honest workers are being motivated in private sector organizations. Government organizations were never been designed according to any predetermined criteria. They were established and their goals were set by executive orders considering other factors like social, economic and technological environment. Here motivation of employees is not so important. The highest level of cabinet can play a significant role in removing misunderstanding, resolving conflict and helping reach consensus on vital issues.

On the other hand, private sector organizations are creating the stairs to up raising the position for individuals. Senior, junior designation, ethnicity and religion are not a barrier to explore potentiality and reward. Most of the private HRM structures are divisional. Some of the giant organizations have experimented with matrix structure to overcome the difficulties of the big projects. Unlike public/ govt. sector organizations, there are no trade unions in private sector firms. So the employees here have no right to bargain collectively with the employer for their demands. Another characteristic of such organizations is that they have different motivational schemes and training programmes for their staffs. Motivation is a measure to raise the employee morale and make him enthusiastic to his work. It could be done in many ways. Every measure is not appropriate everywhere. Particularly in LDCs, it is proved that people are motivated mainly by higher salary and other economic benefits.

Key Words: Motivation, Bangladesh, Non-Government, Financing Company, Maslow, Herzberg, Alderfer