Analysis of employee motivation in small and medium-sized companies in western Slovakia region

Dávid Szabó () and Peter Karácsony ()
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Dávid Szabó: J. Selye University, Slovakia
Peter Karácsony: J. Selye University, Slovakia

Entrepreneurship and Sustainability Issues, 2021, vol. 9, issue 2, 508-520

Abstract: It is important for leaders to ensure that their employees do their best in order to reach organizational goals. One way to achieve this is by implementing motivational systems. An effective leader must be aware of what motivates employees to perform. Motivation gives human behavior a direction and intensity which results in certain rewards that are valuable to the individual. The objective of our research was to analyze the effects of motivational factors. In the Slovakian economy, nearly 60 percent of employees are employed by small and medium-sized enterprises, which makes them highly significant. They play an important role in reducing unemployment and the development of the local economy both on a national and on a regional level. In addition, we feel there has only been a small number of studies conducted regarding the factors of internal motivation of small and medium-sized enterprises employees. With this objective in mind, based on the data we collected, we would like to set up a model for the organizations concerned that is easy to comprehend and enables the leaders to get a comprehensive picture about which motivating factors have a relevant impact on the motivation of their employees.

Keywords: extrinsic and intrinsic motivational factors; employee's motivation; small and medium-sized enterprises; Slovakia (search for similar items in EconPapers)
JEL-codes: M14 M20 M50 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:9:y:2021:i:2:p:508-520

DOI: 10.9770/jesi.2021.9.2(33)

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