Impact of Motivational Factors on Performance of Organizations in Today's World

The focus of organizations today is to increase productivity and enhance performance. Organizations are also adopt both financial and non-financial incentive in order to award the employees with a high performance level. The objective of the paper is to present the theoretical and empirical evidences regarding the relationships between nonmonetary incentives and job satisfaction in the IT industry. The area covered under the study is Delhi. A five-point likert scale is used in the questionnaire to find out how strongly respondents agree or disagree with statements. The reliability is tested and Cronbach's alpha value is calculated. Hypothesis is developed and statistical tool is applied. Data analysis is done and conclusions are drawn. It is evident from the results that organizations are using a combination of both monetary and non monetary rewards. There is a major need for providing more focus on nonmonetary rewards to enhance job satisfaction of the employees, given the cost pressures faced by the organization. It will assist the organizations to analyze further on those areas and come out with an action plan to make the employees feel happy and interested in the work place.