Research on motivational tools influencing the hygiene factors in IDLC Finance Ltd.

Abstract

IDLC Finance Ltd commenced its journey, in 1985, as the first leasing company of the country with multinational collaboration and the lead sponsorship of the International Finance Corporation (IFC) of The World Bank Group. In its arduous journey since, IDLC Finance has succeeded in realizing the dreams of those who established it. Today it is one of the country’s leading NBFI, contributing significantly to the Country’s economy. In most of our life, we will be earning and spending money. Core financial services provided by financial intermediaries include payments and liquidity, maturity transformation, store of value, information processing and pooling of risks. Banks have traditionally provided most of these services and are increasingly diversifying into other areas. However, banks typically have an edge in providing payment and liquidity related services and they usually select a portfolio mix with an overriding objective of providing a certain return. Non-banking financial institutions (NBFI’s), on the other hand, tend to offer enhanced equity and risk based products. NBFI’s play a crucial role in broadening access to financial services, enhancing competition and diversification of the financial sector. They are increasingly being recognized as complementary to the banking system capable of absorbing shocks and spreading risks at times of financial distress. Traditionally our banking or financial institutions are involved in term lending activities. In this case human resources are very much important to run the operation as well as their motivation too. The purpose of this paper is to conduct a research on motivational factors influencing Hygiene Theory. First of all, to conduct the survey, I had to make a questionnaire which includes motivational factors that influences enthusiasm and eagerness of employees. Secondly, I had to go through data analysis and data interpretation by using SPSS software. For this research, I went through secondary and primary data. For instance, the data itself is the confirmation of the motivation level among my respondents. The respondents are highly motivated towards their job assignments also for their personal recognition. The factors are influencing here are, good supervisor, training level, working environment, promotional activities etc. These will be explain and enclosed later on this report.