Motivation of Personnel in an Innovative Business Climate

Abstract

With increasing understanding of the importance of labor motivation in the personnel management system it is necessary to study the examples of practical implementation of personnel motivation programs that have been tested in successful companies. This work is designed to give answers to the following questions: How and what should motivate employees under the conditions of innovative business development? How is it done in Russia and around the world? What motivating programs are offered by employers today, what are their common features and fundamental differences? The main goal is to identify the best practices of motivation by using the examples of the leading foreign and Russian companies. The main conclusioneven considering the Russian specifics, one large salary is not enough in innovative conditions, therefore progressive companies introduce multifactorial motivation systems, including material and non-material components. The work is of practical value for the Russian business. The continuation of this original research can develop in two directions: "in breadth" and "in depth". In the first case a similar analysis carried out with a large sample of enterprises will reveal additional dependencies. In the second case an empirical study of the reaction to certain motivators and the ways of their implementation within a separate company is proposed.

Problems and Prospects of Human Capital Development in Modern Russia

“…It should be noted that to date, management undergoes fundamental qualitative changes, aimed at increasing the role of employees' psychological component. This certainly also refers to managers, as in the conditions of tough market competition, to ensure the maximum profit they should have relevant knowledge and actively use innovation in the production process (Korableva et al, 2018;Tananykhin and Saychenko, 2017;Akhmetshin et al, 2018a;Osadchy & Akhmetshin, 2015;Prokhorova et al, 2016;Tananykhin and Shagiakhmetov, 2016;Podoprigora and Raupov, 2018;Podoprigora, and Saychenko, 2017;Podoprigora et al, 2016;Korobov and Raupov, 2017;Aleksandrova and Shabarov, 2016;Prischepa et al, 2018aPrischepa et al, , 2018b2018c;Kayumova et al, 2019).…”

Labour Relations in Research of Socio-economic Systems

“…It appears that a qualitatively new phenomenonthe conscious formation of a goal on the scale of the whole society and its implementationis characteristic of modern economic systems (Akhmetshin et al, 2018a;Pavlyshyn et al, 2018). The conscious forms of goal-setting activities on the scale of the socio-economic system accelerate the development of precisely those areas of social life where progress still lags the rapid development of engineering and technology (Addison et al, 2014).…”

Risk Assessment Regarding the Implementation of Public-Private Partnership Projects in the World Practice

“…x2 is public sector investment (SI), % of the GDP (Akhmetshin, 2018). It should be noted that the presentation of algorithms for the calculation of individual indicators will be carried out using the following symbols: y is investment intensity of GDP (II), %;…”