The Impact of Motivating and Stimulating Generation Y Employees on Company Performance
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F16%3A39901848" target="_blank" >RIV/00216275:25410/16:39901848 - isvavai.cz</a>
Result on the web
<a href="http://www.esd-conference.com/?page=past-conferences" target="_blank" >http://www.esd-conference.com/?page=past-conferences</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The Impact of Motivating and Stimulating Generation Y Employees on Company Performance
Original language description
In today's global market, companies are faced with competition. Employees are a key factor in an enterprise's performance. Human resource management is the overall system of personnel techniques that results in an organization's prosperity. One of its elements is motivating and stimulating employees. Organizations need to determine the best way to motivate and stimulate their employees. Forms of motivation and stimulation have been changing with the advent of Generation Y. Members of Generation Y are often referred to as echo boomers, the internet generation, iGen, or the net generation. In comparison to Generation X, members of Generation Y are more technologically savvy due to growing up in the information age and are very good at using media in everyday life. Effectively motivating and stimulating these workers can help businesses develop innovation, contribute to increasing business performance, and provide a competitive advantage. This paper deals the specific needs of Generation Y on the labor market. The research questions focus, for example, on the most attractive financial advantages, benefits, and forms of job satisfaction - as well as on what Generation Y expects from a professional career. Furthermore, the paper also deals with the question of the extent motivation and stimulation affects business performance. The research methodology is based on a questionnaire conducted in the Czech Republic in 2016. The research results show a correlation between the motivation and stimulation of employees and business performance. This paper concludes that Generations X and Y show certain differences in the intrinsic and extrinsic factors for their motivation.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Economic and Social Development : 17th International Scientific Conference on Economic and Social Development - "Managerial Issues in Modern Business" : book of proceedings
ISBN
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ISSN
1849-7535
e-ISSN
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Number of pages
8
Pages from-to
325-332
Publisher name
Varazdin Development and Entrepreneurship Agency
Place of publication
Varazdin
Event location
Varšava
Event date
Oct 20, 2016
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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