The Indonesian Market
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Institution
Monetary and Non-Monetary Motivators for the Indonesian Employees?
Rand McGreal stated, “The rule of money is it must be earned.” Firstly, Indonesia was ranked as the fourth largest middle-class country worldwide having a population of 17.3 million middle-class families. Workers can be motivated through encouragements, which are categorized as monetary encouragement and non-monetary encouragement. Monetary encouragements include salaries, wages, allowances, and profit-sharing while non-monetary encouragements are in the form of tokens, job rotation, and friendly greetings.
The monetary motivator for Indonesian employees is money. According to Thamrin (2019), monetary encouragements serve as a gift for workers who perform well at their workplace. Money can satisfy the different needs of employees, thus leading to their motivation. For example, according to Robinson Resource Group (2013), 78% of Robert W. Baird & Co. is controlled by non-senior management. Additionally, Associates who are salaried enjoy a yearly profit-sharing collection from a pool that represents 10% of Baird’s pretax networking income. Money results in higher production and performance of a company. Therefore, workers should be motivated at their place of work through allowances and also increasing their salaries.
The non-monetary motivator for the Indonesian employees is awards and job rotation. Firstly, the non-monetary encouragements are divided into tangible non-monetary incentives and intangible non-monetary incentives. The tangible non-monetary encouragement can be in the form of tokens and awards, while the intangible non-monetary encouragement can be informal recognition and job rotation. For instance, according to the blue board (2019), a company can sponsor a career coach, bring in a professional speaker, or send employees to a conference of their choice. Moreover, tangible non-monetary incentives can be kept and remembered for a longer period. Additionally, intangible non-monetary encouragement also motivates workers.
Lastly, money has a great influence on people and for any organization to prosper, their superiors must be willing to use the money to motivate workers. Apart from money, the non-monetary incentives, which are awards and job rotations play an important role in employee motivation. Therefore, workers should be motivated in every sector and department in an organization.
References
Thamrin, S. (2019). Job opportunities and challenges in the Indonesian based on the Asean
economic community era. Revista Espacios, 40(7).
Robinson Resource Group. (2013, June 20). Rewarding your employee: 15 examples of
successful incentives in the corporate world. Retrieved from https://rrgexec.com/rewarding-your-employees-15-examples-of-successful-incentives-in-the-corporate-world/Lee, S. (2019 February 18). 6 non-monetary incentives and rewards to boost employee
motivation. Blue-Board. Retrieved from https://www.blueboard.com/blog/6-non-monetary-incentives-for-employees-to-boost-motivation
