MANAGING THE COMPANY'S PERSONNEL MOTIVATION SYSTEM

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Andrii KOVALENKO
Alina MAKHYNKO

Abstract

This paper deals with the analysis of the features of managing of the company's personnel motivation system. Thus, the concept “motivation” was considered as well as types of motivation and their role in organization of motivational system. Also, the principles of the effective organization of motivational systems in a company were described in the paper.

The purpose of the article – to analyse the concept of motivation and the features and the main principles of the effective managing of the company's personnel motivation system.

Conclusions. Thus, it is possible to make a conclusion that motivation is a necessary tool for an effective functioning of any company: it causes a better fulfillment of tasks and company’s objectivesby employees, serves for improving the labor efficiency and for reducing the staff turnover rate. Thus, the company's personnel motivation system has to be variable and include different means of remuneration.

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