SUGESTIONS FOR IMPROVEMENT OF STAFF MOTIVATION AT INVESTIP

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SUGESTIONS FOR IMPROVEMENT OF STAFF MOTIVATION AT INVESTIP

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Human Resource Management (“HRM”) is one of the most important activities in business operations of everya company because the development or downturn of the company deeply depends on the labor force. A company with good performance partly reflects the effective management of its human resource. In the context of the economic crisis and high production costs, effective management of human resource shall make a substantial contributions to strong development of the company. If the company has almost all motivated employees who enthusiastically dedicate their time and energy to their work, it means that the future of this company shall be very bright. INVESTIP has been one of the leading consulting firms in Vietnam focusing mainly on intellectual property consultancy services. The top-ten rank of this company is taken part by many employees of great talent. However, the turnover rate of INVESTIP has been increasingly since 2007 from 18% in 2007 to 23% (mainly in IP department) in 2010, and almost employees do not satisfy with the current motivation of this company. The high rate of resignation and lacking of employee motivation have created a challenge to this company, especially the Administration Department (“AD”) during the period. Many employees who are working in INVESTIP revealed that they are searching better job opportunities in other companies and will change to new jobs upon available, even if they have to break down their labor contracts. In other words, they have no mental attachment to INVESTIP while they are still in this company. Whenever an employee leaves the company, the remainders are usually dispirited and they are influenced to seek another job as the soonest. The low working spirit of employees has adversely affected to their work performance, the service quality of this company, therefore, has not been ensured and the business productivity of the company has been reduced as a result. What is the root of these problems? What should be done to brighten the picture of INVESTIP? It is possible that lacking motivation is the main cause for high turnover and low working spirit of employees. Therefore, in this circumstance, the author as the former employee of the company, decides to choose the topic “SUGESTIONS FOR IMPROVEMENT OF STAFF MOTIVATION AT INVESTIP” for the final project with the hope to apply knowledge obtaining from the course to analysis these issues.

Ngày đăng: 08/07/2018, 11:21

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