The Perfect Motivation Mix: A Case of Application of HRM Ratios

Volume 14 Issue 1 June - August 2019

Research Paper

The Perfect Motivation Mix: A Case of Application of HRM Ratios

Mqondisi Bhebhe *

Academic Author and educator with Studiosity, Australia.

Bhebhe, M. (2019). The Perfect Motivation Mix: A Case of Application of HRM Ratios. i-manager's Journal on Management, 14(1), 1-16.

Abstract

Currently, the debate between financial and non-financial rewards among researchers is a tug-of-war, with the opposing sides often criticising each other but failing to present a comprehensive alternative solution that could bring this issue to rest once and for all. Although the majority of the industry’s theorists have reached consensus on the need to balance between both financial and non-financial elements, they have, however, left it to the managers themselves to use their own discretion on what they feel is fair and the result has been the application of rewards in subjective proportions, a move that has even worsened instead of improving the situation. This report proposes additional Human Resource Management Ratios in addition to the existing ones; this will help them understand the proportions of both financial/non-financial rewards present in the current motivation mixes and help them adjust them more conveniently using a standard warning metric. It concludes by emphasising the importance for management to understand the limits of implementing reward systems since all are experimental programmes and that control mechanisms must always be measurable to avert potential disasters in the process.