Hello Pradeep Please print this and meet me during the tutorials for a quick discussion relating to changes to be made for Assignment 3. Best regards Kris Iyer BUSN20016: Assessment of Assignment 1 Criteria Total marks Marks obtained A brief statement of the problem 4 3 Research aim and objectives 4 3 A brief methodology 4 1 Accurate referencing, use of correct English and logical sequences between sentences and paragraphs 3 2.5 In-class topic presentation (for face-to-face students) OR online discussion (for distance students) 5 3.5 Total = 20 13 Penalty for late submission (if applied) Penalty for Turnitin similarity (if applied) Grand Total = Introduction Motivation can be defined as internal as well as the external factors that generates desire and energy in an individual who are continually interested and are committed to a job, role or making an effort to attain the organizational goal. Kim & Lee (2008) define motivation as a desire for doing something. Similarly, Herzberg (1959) defines employee motivation as performing a job related action because an individual want to. Employee motivation can be divided into intrinsic and extrinsic motivation where intrinsic motivation is categorized by personal enjoyment, interest or pleasure and extrinsic motivation is driven by external rewards that can be money, fame, grades and praise. Motivation and employee performance are correlated. Human beings providing services should not merely depend on number of people engaged, their work experience or qualification but remunerating them appropriately is of great importance. If an organization aim to fulfill its objective than the employee must be motivated in order to get the best result from them. Motivation is only that factor which can improve employee performance. Bateman and Snell (1996), believes that motivation is the factor that direct, energizes and sustains person’s effort in achieving the organizational goal. Therefore, it has been challenging job for today’s management to identify motivational programmers which will inspire employee to improve job performance and organizational productivity. Today’s financial services industries are therefore acquiring various packages of motivation not just for retaining employee but also for achieving competitive advantage in the market Problem statements Mullins (2005) one of the major function of manager is to motivate employees. Today, many organizations are facing challenges in retaining employees due to competitive labor market and limited opportunities for betterment. There is a significant economic impact and cost to the organization due to loss of employees which ultimately represent loss of knowledge, skills and experience. Today commercial banks face many challenges. Employee retention, training, high cost of recruitment, increased competition, increased rules and regulations by the government and technological advancement offering different services to the customers are the major one. Employee of the commercial banks are facing the problem of feeling demotivated and overworked which is the essence of the study. good Aims and objectives The general objective of this project is to investigate the effects of motivation on employee performance in banking industry where as the specific objective could be: • To determine the different motivational packages for the employee. • To identify the specific motivational tools which can influence employee performance. • To examine the overall effect of motivation packages on corporate performance. • To find out the difference between motivational theory and employee performance. • good. Methodology What data will be collected – how? How will the collected data be analyzed? On analysis, how will the information help answer the research questions? There is no alignment between the method and the research questions The following methodologies will be carried on in order to examine the aim of this project. They are as follows: Literature review In this methodology the researcher will have a depth study of relevant literature, and past research from the various sources, articles, journals, case study and different theories of motivation. Research design Under the research design methodology, research is carried out through descriptive survey design where information regarding influence of motivation on employees was presented as received from the respondents. Descriptive survey helps in collecting data in order to answer questions relating to the current status of the study. This helps researcher to know the present status of motivation in different commercial banks and also helps to establish effective motivational systems. Data series and surveys and analysis method The research will be conducted in around 10 commercial banks in Sydney, Australia. Primary data will be collected from the respondents using questionnaires and interview schedules. Thus, the data will be tabulated, then they will be analyzed by using descriptive statistical analysis technique. References Omollo, P.A (2015). Effect of motivation on employee performance of Commercial bank in Kenya: A case study of Kenya Commercial Bank in Migori country. International Journals of Human Resources Studies. 5(2). 2162-3058. Shields. J., Brown, M., Karine, S., Dolle, C., Samardzic, A., Mclean, P., Johns, R., O’leary P. (2016). Managing Employee Performance and Reward (2nd ed.). Australia, Cambridge University Press. Carleton, K. (2011). How to motivate and retain knowledge workers in Organization: A review of the literature. International Journals of Management .28(2). 469-470.