1. Personnel Management: how to effectively motivate staff

--To begin with, employees tend to be more motivated if they are offered compensation and benefits that are tied to their performance. Some companies offer housing allowance, car allowance, children’s education allowance in addition to salaries.  Still others provide staff with free health club and cafeteria.  And high tech firms often supplement salaries with stock options. All these are all frequently used incentives.

--On top of that, more flexible work schedules can also serve as an important motivator.  See III-3.

--Moreover, better job security is not a minor consideration either.  That’s because job security offers peace of mind to staff members and therefore can significantly motivate staff to enhance a firm’s productivity.  As a result, many leading firms, such as Intel and GE, now identify job security for key staff as one of their main goals. Not surprisingly, these are some of the best performing firms anywhere in the world.

--Last but not least, there should be more employee involvement programs. Here, what I mean by involvement is to let staff at all levels participate in the improvement of the firm’s management and administration.  Many firms have introduced staff suggestion schemes to encourage staff members to express their opinions and concerns.  And they have been amply rewarded in the process.