ILT Ltd, one of the leading companies in automobile sector, closed its incentive schemes and enjoys profit solely. This results in inefficiency of workers.
(i) What was the reason behind poor performance of workers?
(ii) What steps can be taken to motivate workers?
(iii) What values are being ignored in the case?
(i) Company’s decision of withdrawing the incentive schemes demotivates the workers, which affects the performance of workers.
(ii) Following steps can be taken to motivate workers:
(a) Provide financial incentives like bonus, perquisites, etc.
(b) Increase the wages of workers.
© Provide them opportunity for career advancement.
(iii) Values being ignored in this case are:
(a) Appreciation of hard work.
(b) Disregard for employees’ needs and profit making as the only concern of the company.