Politická ekonomie 2013, 61(3):373-392 | DOI: 10.18267/j.polek.903

Úloha mzdy v motivaci a stabilizaci zaměstnanců finančního sektoru v České republice ve vztahu k Herzbergově teorii dvou dimenzí motivace k práci

Iveta Němečková
Vysoká škola ekonomická v Praze.

The Role of Salary in Employee Motivation and Retention in the Financial Sector of the Czech Republic in Relation to Herzberg´s Two Factor Theory of Work Motivation

The article deals with employee motivation and retention in the financial sector. The first part defines the terms motivation and retention and introduces the related theories - from the very beginning, through the classical theories and the contemporary modern theories. The article's author utilizes own extensive research among respondents coming from employees in the financial sector, supplemented by the round table method. The author analyzes the research results and deals with the role of wages in employee motivation - whether and when wage functions as a motivator leading to higher employee performance according to the Herzberg's two factor theory (an intrinsic needs motivator, i.e. satisfier) and when it is a factor, if positive, without influence on employee activity while if negative or absent, it causes employee dissatisfaction (a hygiene factor known as dissatisfier in the same theory). There are recommendations for organizational best practices shown at the end of the article.

Keywords: Financial sector, employee motivation, employee retention, wage´s role in employee motivation, Herzberg´s two factor theory
JEL classification: M5

Published: June 1, 2013  Show citation

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Němečková, I. (2013). The Role of Salary in Employee Motivation and Retention in the Financial Sector of the Czech Republic in Relation to Herzberg´s Two Factor Theory of Work Motivation. Politická ekonomie, 61(3), 373-392. doi: 10.18267/j.polek.903
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