What factors affect to the motivation at kiengiang lottery company

- RESEARCH PROJECT (BMBR5103) WHAT FACTORS AFFECT TO THE MOTIVATION AT KIENGIANG LOTTERY COMPANY? STUDENT’S FULL NAME STUDENT ID INTAKE ADVISOR’S NAME & TITLE : PHAM HUYNH TRANG : CGS00019884 : SEPTEMBER.2015 : Dr HUNG BUI December 2016 - Advisor’s assessment Advisor’s signature -BMBR5103_Pham Huynh Trang Page of 43 - EXECUTIVE SUMMARY CHAPTER I - INTRODUCTION COMPANY BACKGROUND RESEARCH AIM AND QUESTION 11 RESEARCH SCOPE 12 RESEARCH METHODOLOGY 12 CHAPTER II – LITERATURE REVIEW 13 BASIC THEORY 13 VROOM’S EXPECTANCY THEORY 19 CHAPTER III – METHODOLOGY AND DATA COLLECTION METHOD 24 METHODOLOGY 24 RESEARCH PROCESS: 24 QUANTITATIVE RESEARCH: 28 CHAPTER IV RESULTS, FINDING AND PRESENTATION OF DATA 29 INSPECTION OF THE RELIABILITY OF THE SCALE 29 ANALYSIS EFA (EXPLORATORY FACTOR ANALYSIS) 29 SCALE FACTORS AFFECTING WORK MOTIVATION 30 EFA ANALYSIS OF FACTORS AFFECTING WORK MOTIVATION FOR EMPLOYEES 31 CHAPTER V DICUSSION AND ANALYSIS OF FINDING 33 CONSIDERING THE CORRELATION MATRIX BETWEEN FACTORS 33 THE COMPATIBILITY OF MULTIVARIATE REGRESSION MODELS 33 CHAPTER VI RECOMMENDATION AND CONCLUSION 34 SOME MEASURE TO IMPROVE THE MOTIVATION TO WWORK FOR EMPLOYEES IN COMPANY: 34 LIMITATION 37 CONCLUSIONS OF THE RESEARCH RESULTS 39 REFERENCES 40 -BMBR5103_Pham Huynh Trang Page of 43 - ACKNOWLEDGEMENTS First of all, I would like to express my deepest gratitude to my advisor, Dr Hung Bui for his excellent guidance, caring, patience, and providing me with an excellent atmosphere for doing research His wisdom, knowledge and commitment to the highest standards inspired and motivated me What I have learnt from him is not only academic course, including research method, academic writing and resources of top global studies and papers, etc., but also the social skills, self-research management and truly advices for my life, my research, my job, and so on In addition, I would like to express my special thanks to all the professors in the MBA course With their knowledgeable and intelligent comments, the current dissertation is much better refreshed with a lot of new ideas and views With time and abilities are limited, This Dissertation inevitable shortcomings I hope to receive your sincere comments Once a gain, thank all for your help -BMBR5103_Pham Huynh Trang Page of 43 - WHAT FACTORS AFFECT TO THE MOTIVATION AT KIENGIANG LOTTERY COMPANY? Executive summary People are the driving force of the development, which is the reason for the corporate governance concerns set policy to human resources, including the evaluation of employee performance Employee performance assessment is the process of assessing the contributions of employees to the organization during a period Enterprise managers make good work of staff performance assessment will help control and use human resources effectively, efficiently control, quality of work of our employees, improve improve achievement and making management decisions of human resources In the current stage of the organization of human resources plays a very important role, which is a decisive factor in the success or failure should be the business of the organization Motivational problem for workers is key to the success of the business Over the years KienGiang Lottery Company has made efforts to motivate employees However the work motivation for employees is still limited shortcomings: the regime pay, reward and benefits, commissions for employees and lottery agents in the company not much has changed, no harmony between the interests of the company and benefits of workers -BMBR5103_Pham Huynh Trang Page of 43 - CHAPTER I - INTRODUCTION Company background Sales of the Company Lottery through the release of this kind of lottery tickets, was organized on the principle of collecting enterprises participating customer bonuses and pay rewards to customers based prizewinners on random winning results The company also recorded lottery business as other businesses However, the business line specific and conditions of business should operate lotteries also be governed by a system of specific legislation Company Limited A Member is a special form of limited liability companies Under the provisions of the law of Vietnam, a limited liability company a member of the enterprise by one organization as an owner; Owners are responsible for the debts and other property obligations of the enterprise within the scope of the charter capital of the enterprise owners of the company may transfer all or part of the charter capital of the company for the organization or individual Limited liability company members gain legal status after being granted business registration certificates Limited liability company member is not entitled to issue shares Owners of companies not directly withdraw part or all of the capital contributed to the company Company owner may only withdraw by myriad transfer part or all of the funds for other organizations or individuals Owners of the company not to withdraw the company's profits if the company fails to pay all debts and other property obligations which are due Depending on their size and business lines, organizational structure of internal management of a limited liability company a member include: Board of Directors and directors or company presidents and directors Ltd a member of the Lottery is a special class enterprise of the State in which the lottery is the exclusive business area of the State The centrally-run local establishment Co., Ltd a member of the Lottery and business organizations under the market -BMBR5103_Pham Huynh Trang Page of 43 - mechanism with regions: North of 29 companies (from Ha Tinh out); South of 21 companies (from Binh Thuan, Lam Dong southwards); Central consists of 14 companies Each region formed a committee with representatives lottery is the leadership of the lottery company, which elects its standing to lottery operations area Co., Ltd a member Lottery State-owned, the People's Committees of provinces and cities under central authority is the owner of the State capital in the Company, the Ministry of Finance to manage activities on the basis of most of the policy mechanism, a type of lottery The role of the lottery sector for economic development - social, national reconstruction Right from its inception, the lottery industry has contributed significantly to the development of economic construction and national reconstruction Each year the lottery company, the business agent and exchange lottery winning numbers and prizes for both individuals have contributed to the state of not less taxes and those taxes are used to invest constructions of social security We can imagine, a new school was built spacious, a bridge spanning the stream certainly or clinic to be built in remote mountain areas, remote islands where there is a close significant contribution of lottery industry modernization - Lottery investment contributes to social welfare The important role of the lottery that is a significant part of revenue from this activity is used to invest in service of social welfare, such as culture, health, education The role of social welfare contributions of the Vietnamese lottery was legalized by Circular 107/2006 / TT-BTC Accordingly, since 2007, revenues from the lottery are not included in the balance of revenues and expenditures that are managed through the state budget and used for investment in social welfare projects of local importance, which brings centered on the fields of education and healthcare Ltd a member of Kien -BMBR5103_Pham Huynh Trang Page of 43 - Giang Lottery is one of the units with ticket sales relatively high number in the region should budget resources and social welfare are enormous - Lottery is one of the tools to regulate currency circulation, redistribution of national income In the area of lotteries, retail purchases lottery tickets is done in cash Therefore, the lottery is a useful tool to help the State to regulate the monetary circulation The company has two lottery cash flow primarily to: mortgage payment guarantee and pay the fare, so the money was quickly withdrawn from circulation in large amounts contribute to the implementation of policies to curb inflation in macroeconomic executive government Lottery distribution function in the form of income voluntarily Join the hope luck life changing, players have the same contribution to the revenue of the lottery to help the poor in the form of: building houses for the poor, educational scholarships, medical assistance Or contribute State and construction of public welfare, such as rural transport projects, hospitals, schools Lotto is a bridge to convey the support of the community to implement poverty reduction objectives of the government - Helping to create jobs for workers According to the survey results, each year the lottery industry has created thousands of jobs for workers including those who labor with poor health but wanted to make money on their own strength For those who have little capital, they can practice by opening the ticket dealer from which the commission from holding company Particularly for individuals disadvantaged tight financial conditions, they can still get the job with enough income living selling lottery tickets We can say: Career lottery business is less demanding job and there are no strict requirements With diverse forms of wholesale, even if you are, you have situations -BMBR5103_Pham Huynh Trang Page of 43 - like the lottery industry still gives you the opportunity to make money like everyone else The unit's role in the process of economic development - society of Kien Giang Follow compliance with policies and guidelines of the Party and plans of the People's Committee of Kien Giang province set out, in recent years the Company Limited Member of Kien Giang Lottery is one of the leading unit the completion and exceeding targets state budget, contributing greatly to the economic development of the socio Kien Giang province Ever since 2000 the company paid 88.9 billion budget of 2014 the company paid 800 billion budget is nearly 10 times higher than in 2000 and nearly 16% contribution to the general budget of the province Specifically on the budget of the Company over the years as follows: ĐVT: Triệu đồng 200.000 150.000 100.000 50.000 Nộp Ngân sách 2000 2001 2002 2003 2004 88.898 99.148 151.037 153.000 180.000 Biểu đồ 1: Nộp ngân sách từ năm 2000 đến 2004 Budget submission in 2000 – 2004 -BMBR5103_Pham Huynh Trang Page of 43 - ĐVT: Triệu đồng 400.000 300.000 200.000 100.000 Nộp Ngân sách 2005 2006 2007 2008 2009 205.380 258.000 350.000 360.581 380.000 Biểu đồ 2: Nộp ngân sách từ năm 2005 đến 2009 Budget submission in 2005 – 2009 ĐVT: Triệu đồng 800.000 600.000 400.000 200.000 Nộp Ngân sách 2010 2011 2012 2013 2014 420.000 440.000 622.000 725.000 750.000 Biểu đồ 3: Nộp ngân sách từ năm 2010 đến 2014 Budget submission in 2005 – 2009 -BMBR5103_Pham Huynh Trang Page 10 of 43 - CHAPTER IV RESULTS, FINDING AND PRESENTATION OF DATA Method of data analysis Inspection of the reliability of the scale To test the reliability of the scale authors calculated Cronbach's alpha coefficient and correlation coefficient overall variables Many researchers agree that Cronbach's alpha of 0.8 or higher on the scale measuring nearly as well, from 0.7 to nearly 0.8 was used Researchers also suggest that the Cronbach Alpha of 0.6 or higher can be used in case the concept is researching new or new to the respondents in the research context So for this study, the Cronbach alpha of 0.6 or more is used In which the variables have correlation coefficients less than 0.3 turns of the total variation is considered garbage and will be removed from the scale Analysis EFA (Exploratory Factor Analysis) Analysis techniques to discover EFA is used to shrink and summary data Factor analysis discovered promote useful in determining the set of variables needed for research issues as well as finding out the relationship between the variables together Factor analysis of the concept studies are reviewed to provide evidence of the value of differentiation and value of scale convergence Appropriate level of intrinsic correlation observed variables in study concept is expressed by the coefficient of KMO (Kaiser - Mever - Olkin) Large KMO value (between 0.5 and 1) is a sufficient condition for factor analysis is appropriate, even if this number is less than 0.5, the analysis of factors potentially irrelevant data This analysis step with the main purpose is to assess the value of the scale When factor analysis to explore interest in a number of the following criteria: -BMBR5103_Pham Huynh Trang Page 29 of 43 - The KMO (Kaiser - Meyer - Olkin) ≥ 0.50 should be between 0.5 -> is a sufficient condition for factor analysis is appropriate, if the value of KMO