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Article

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Title

Financial motivational factors supporting the optimisation process

Authors

[ 1 ] Instytut Zarządzania i Systemów Informacyjnych, Wydział Inżynierii Zarządzania, Politechnika Poznańska | [ P ] employee

Scientific discipline (Law 2.0)

[6.6] Management and quality studies

Year of publication

2023

Published in

Journal of Intercultural Management

Journal year: 2023 | Journal volume: vol. 15 | Journal number: no. 3

Article type

scientific article

Publication language

english

Keywords
EN
  • optimisation
  • Lean Management & Kaizen
  • cost minimizing
  • company objectives
  • factor productivity
  • profit maximizing
  • environment and growth
Abstract

EN Objective: The research objective of the paper is to present the results of an analysis of financial motivational factors supporting the optimisation process in the implementation of Lean Management concepts on the example of a selected manufacturing company. Methodology: To verify the studied issue, a survey was conducted on the relationship of the influence of financial motivation on the reporting of Kaizen requests among the employ-ees of a manufacturing company apart on two groups of employees, that is, two groups of respondents: GIN=1582022 and GIIN=1372023, using a five-point Likert scale. The paper draws on Lean Management and Kaizen literature, academic articles, online sources, analyses of data from 2020–2023 obtained from the analysed company, and empirical results. Mathematical analysis tools were used to describe the research results obtained, allowing for the construc-tion of summaries and the creation of presented conclusions. An estimation model was also developed to allow managers to evaluate existing motivational factors. Findings: The research identified a gap resulting from the communication and information flow process operating within the company. A 4 percentage points increase in the effective-ness of the activities carried out, with a 62% level of non-involvement, was observed, indicat-ing the low attractiveness of the current financial motivation factors as a tool to support optimisation processes in the surveyed company. Value Added: By carrying out the research, valuable and practical information was ob-tained, which has been used by company managers to take measures to increase employee motivation and the impact of the financial motivation factor operating within the company to support optimisation processes. Recommendations: The current bonus system in terms of financial incentives to support optimisation processes is at an unsatisfactory level for employees. The scoring of applications should be evaluated or the financial value per model evaluation point should be increased.

Pages (from - to)

78 - 106

DOI

10.2478/joim-2023-0012

URL

http://joim.pl/articles/

License type

CC BY-SA (attribution - share alike)

Open Access Mode

publisher's website

Open Access Text Version

final published version

Date of Open Access to the publication

at the time of publication

Full text of article

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Access level to full text

public

Ministry points / journal

100

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