Motivation of Employee in Lic - 1357 Words

] Intrinsic and extrinsic motivation Motivation can be divided into two types: intrinsic (internal) motivation and extrinsic (external) motivation. Intrinsic motivation Intrinsic motivation refers to motivation that is driven by an interest or enjoyment in the task itself, and exists within the individual rather than relying on external pressures or a desire for reward. Intrinsic motivation has been studied since the early 1970s. Students who are intrinsically motivated are more likely to engage in the task willingly as well as work to improve their skills, which will increase their capabilities.[1] Students are likely to be intrinsically motivated if they: †¢ attribute their educational results to factors under their own control, also†¦show more content†¦Vroom s expectancy theory provides an account of when people may decide to exert self-control in pursuit of a particular goal. [edit] Drives A drive or desire can be described as a deficiency or need that activates behavior that is aimed at a goal or an incentive.[citation needed] These drives are thought to originate within the individual and may not require external stimuli to encourage the behavior. Basic drives could be sparked by deficiencies such as hunger, which motivates a person to seek food; whereas more subtle drives might be the desire for praise and approval, which motivates a person to behave in a manner pleasing to others. By contrast, the role of extrinsic rewards and stimuli can be seen in the example of training animals by giving them treats when they perform a trick correctly. The treat motivates the animals to perform the trick consistently, even later when the treat is removed from the process. [edit] Incentive theory A reward, tangible or intangible, is presented after the occurrence of an action (i.e. behavior) with the intention ofShow MoreRelatedIntroduction And Design Of The Study3406 Words   |  14 Pagesthe work environment conducive. It is concerned with improving labour-management co-operation to solve many organizational problems, achieving the desired level of performance and securing greater employee satisfaction. Quality of work life (QWL) is one of the major parts for the employees’ motivation in organization. The management in every organization should sincerely invite their employees to suggest ways to improve their operations and the Quality of their work life. Historically, work has beenRead MoreManagement Structure, Brand Value And Performance Of Axis Bank1339 Words   |  6 Pagesexecutives at the top has now changed to an SBU based structure. Axis Bank has successfully initiated Employee Stock Options Scheme to increase employee participation and company growth. In order to keep the employees motivated as well as learned, Axis Bank collaborates with guest speakers and b-schools to conduct workshops. Also, the culture is very open – there are mechanisms to record employee feedback and ideas. Axis bank is the most trusted bank in India, leveraging this value from its promoterRead MoreDifference Between Icici Bank N Axis2130 Words   |  9 Pagesoperations in 1994, after the  Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the Specified Undertaking of the  Unit Trust of India  (UTI-I),  Life Insurance Corporation of India  (LIC), General Insurance Corporation Ltd., National Insurance Company Ltd.,  The New India Assurance Company,  The Oriental Insurance . Corporation  and  United India Insurance Company UTI-I holds a special position in the Indian capital markets and has promotedRead MoreRecruitment and Selection Process of Insurance9958 Words   |  40 Pagesthat these criteria are addressed In this project I have studied Recruitment and Selection process of ICICI Prudential Life Insurance and attempted to provide some ways so as to make recruitment more effective and to reduce the cost of hiring an employee. I am privileged to be one of the students who got an opportunity to do my training with ICICI Prudential Life Insurance. My involvement in the project has been very challenging and has provided me a platform to leverage my potential in the mostRead MoreAnalysis of Recruitment Selection Strategies of Icici Prudential Life Insurance Ltd.10344 Words   |  42 Pagescandidates for employment. Both internal and external sources of manpower are used depending upon the types of personnel needed. In the present business environment, organizations are faced with the pressure to produce maximum with less recruitment. An employee, on whom an organization’s profitability depends, comprises the largest fixed cost that an organization incurs. In the past, individual used to work with one or two organization during their entire working life (average between 20-30 years). OrganizationRead MoreA Project Report on Study of the Axis Bank Its Financial Services and Consumer Perception of Its Services.12807 Words   |  52 PagesDEPOSITS ïÆ'Ëœ RECURRING DEPOSITS ïÆ'Ëœ ENCASH 24 ïÆ'Ëœ TAX SAVER FIXED DEPOSIT ïÆ'Ëœ POWER HOMES ïÆ'Ëœ POWER DRIVE ïÆ'Ëœ PERSONAL POWER ïÆ'Ëœ STUDY POWER ïÆ'Ëœ ASSET POWER ïÆ'Ëœ TWO WHEELER LOAN ïÆ'Ëœ LOAN AGAINST SECURITY ïÆ'Ëœ CONSUMER POWER ïÆ'Ëœ AXIS BANK MEAL CARD ïÆ'Ëœ AXIS BANK GIFT CARD ïÆ'Ëœ LIC CO-BRANDED ANNUITY CARD ïÆ'Ëœ DEBT SOLUTION ïÆ'Ëœ EQUITY SOLUTIONS ïÆ'Ëœ PRIVATE EQUITY, MERGERS ACQUISITIONS ïÆ'Ëœ ADVISORY SERVICES ïÆ'Ëœ TRUSTEESHIP SERVICES ïÆ'Ëœ DEPOSITORY SERVICES ïÆ'Ëœ CAPITAL MARKET FUNDING ïÆ'Ëœ E-BROKING ïÆ'Ëœ WORKING CAPITAL FINANCE ïÆ'Ëœ TERM LOANS ïÆ'Ëœ TRADERead MoreA Study On Organizational Climate2750 Words   |  11 Pagesthat the Quality of Work Life is a philosophy of management that believes co-operative relationship between employees and managers and also believes that every employee has the ability and right to offer his intelligence and useful inputs into decisions at various levels in the organizations. Quality of Work Life is a process to involve employee at every level of the organizations in the decision about their work and workplace. It refers to the intended outcomes of practicing above philosophy and processRead MoreHr Practises in Garments Industry in Bd7236 Words   |  29 PagesOrganizations need people to make them operated. It is the organizational function that deals with issues such as compensation, recruitment, selection, hiring, training and development, performance management, organization development, benefits, employee motivation, performance appraisal communication, administration, and industr ial relation in an organization. All of these are under HR department which is very much important to make organization like garments industry successful. This assignment aim atRead MoreFrauds in Insurance11958 Words   |  48 PagesIndia grew at a faster pace after independence. In 1956, Government of India brought together 245 Indian and foreign insurers and provident societies under one nationalised monopoly corporation and formed Life Insurance Corporation (LIC) by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs.5 crore. The (non-life) insurance business/general insurance remained with the private sector till 1972. There were 107 private companies involved in the business of general operationsRead MoreIntroduction of Sahara India Pariwar16656 Words   |  67 Pagesa way it is the starting and ending point in the cycle of different activities of Corporate HR. The major activities being performed in the Manpower Planning Cell of Sahara India Pariwar are as follows: Manpower Approval Confirmation of Services Employee Transfers Promotions/Increments Higher Studies Regularization of Service Employment Verification. Retirement Resignation acceptance Experience certificate Exit Feed-back 2. RECRUITMENT It is the process of finding and attracting applicants for