ABSTRACT:
This study investigates dang nhap w88 key factors influencingemployee motivationat Fancy Solution Co., Ltd., a multinational enterprise operating in Taiwan, China, Indonesia, and Vietnam, specializing in wood import and export. Acknowledging dang nhap w88 critical role of employee motivation in organizational success, dang nhap w88 research aims to identify specific elements that can boost motivation across diverse cultural settings. Through both qualitative and quantitative analysis, six key factors were identified that positively impact employee motivation: salary, recognition, a flexible working environment, skill development and training, a collaborative working environment, and dang nhap w88 application of technology in management. Each of these factors significantly enhances job satisfaction and employee engagement in different operational contexts. This study not only deepens dang nhap w88 understanding of employee motivation but also offers a strategic framework for other organizations seeking to improve employee engagement and satisfaction across multiple regions.
Keywords: motivation, employee motivation, Fancy Solution Co., Ltd.
1. Introduction
In dang nhap w88 realm of global business, understanding employee motivation is akin to uncovering dang nhap w88 fundamental elements that drive enthusiasm, productivity, and satisfaction at work. Motivation stands as dang nhap w88 keystone of any successful organization. At Fancy Solution Co., Ltd., a multinational company operating across Taiwan, China, Indonesia, and Vietnam, motivation takes on an even more significant role given dang nhap w88 competitive nature of dang nhap w88 wood import and export industry. Fancy Solution Co., Ltd. acknowledges that employee motivation extends beyond financial incentives. It embraces a holistic approach that includes acknowledgment, a supportive work environment, opportunities for growth, and dang nhap w88 integration of innovative management practices. dang nhap w88 intrinsic motivation of each employee - their drive to overcome challenges and achieve professional fulfillment - plays a crucial role in shaping a dynamic and thriving workplace.
Research conducted on employee motivation at Fancy Solutionnot only illuminates dang nhap w88 factors that boost employee morale but also provides a practical framework for implementing targeted initiatives. By prioritizing these key areas, Fancy Solutionaims to build a highly motivated workforce that drives dang nhap w88 company's growth and success across its global operations. This exploration into employee motivation underscores dang nhap w88 importance of recognizing and addressing dang nhap w88 diverse needs of employees to cultivate a productive and engaging work environment. As Fancy Solutioncontinues to evolve, its dedication to enhancingemployee motivationremains a cornerstone of its strategic objectives, ensuring sustained success in dang nhap w88 competitive international market.
2. Theoretical foundation and research methods
2.1. Theoretical foundation
Classical theories such as Maslow (1943) and Herzberg (1959) have provided an important foundation for analyzing dang nhap w88 factors that influence work motivation. In dang nhap w88 context of dang nhap w88 timber import and export industry, which requires a combination of manual labor and supply chain management skills, it becomes especially important to maintain employee motivation. Work motivation not only affects labor performance, but also contributes to employees' long-term commitment to dang nhap w88 organization.
Employee motivation consists of internal and external factors driving employees to start, maintain, and direct their efforts towards achieving organizational goals. It includes psychological, emotional, and environmental influences that affect performance and commitment.
2.2. Factors affecting employee motivation
High salary and job security are crucial for motivation, especially in competitive industries. Research by Nguyen Van Du (2019) affirms that competitive salaries, bonuses and stable working conditions are core factors that help increase work motivation and help retain employees in dang nhap w88 import-export sector. Meanwhile, Nguyen Van Binh (2020), who conducted research on wood import-export enterprises in Vietnam, said that recognition and creating development opportunities are among dang nhap w88 most important factors to retain and motivate employees in this industry. Furthermore, studies by Smith & Thompson (2023) and Costa et. al. (2021) also show that flexible Working Environment reduces stress and increases employee motivation. Additionally, Nguyen Van Hung (2020) and Nguyen Van Binh (2020) provide empirical evidence supporting dang nhap w88 importance of a positive and collaborative working environment, support leadership, career development and recognition, and application of digital technology in management.
From dang nhap w88 above observations, dang nhap w88 group of authors put forward dang nhap w88 following research hypotheses:
H1: High salary has a positive impact on employee motivation at Fancy SolutionCo., Ltd.
H2: Recognition has a positive impact on employee motivation at Fancy SolutionCo., Ltd.
H3: Flexible working environment has a positive impact on employee motivation at Fancy SolutionCo., Ltd.
H4: Support from leadership has a positive impact on employee motivation at Fancy SolutionCo., Ltd.
H5: Skills development and training have a positive impact on employee motivation at Fancy SolutionCo., Ltd.
H6: A positive and collaborative working environment has a positive impact on employee motivation at Fancy SolutionCo., Ltd.
H7: dang nhap w88 application of digital technology in management has a positive impact on employee motivation at Fancy SolutionCo., Ltd.
Proposed research model: From dang nhap w88 above hypotheses, dang nhap w88 authors built a research model as shown in Figure 1.
Figure 1: Research model
Source: Author’s study
3. Research methodology
This study uses qualitative and quantitative research methods. Qualitative research methods are used to build models and calibrate scales, and quantitative research methods are used to test models and research hypotheses.
Qualitative Research: Conducted through expert interviews to explore and adjust factors influencing employee motivation. This helps improve dang nhap w88 accuracy of measurement.
Using qualitative study methods to (1) propose a study model on factors affecting employee motivation at Fancy Solutions Company; (2) Calibrating dang nhap w88 scale of dang nhap w88 elements in dang nhap w88 model, most of dang nhap w88 scales of dang nhap w88 elements inherited from overseas studies, therefore, in order for dang nhap w88 scale to be suitable to dang nhap w88 practical context, it is necessary to carry out dang nhap w88 method of hand-to-hand discussion with experts to calibrate dang nhap w88 scale.
Quantitative Research: Involves a comprehensive survey of employees at Fancy Solutions Co., Ltd. Collected data will be analyzed using SPSS 23.0 software. Scales will be validated through Cronbach's Alpha coefficient and exploratory factor analysis (EFA). Finally, T-tests and ANOVA will be used to compare differences in motivational factors among employee groups based on personal characteristics. dang nhap w88 theoretical model will be tested using linear regression analysis to determine dang nhap w88 influence of factors on employee motivation.
4. Research results
4.1. Description of research sample
To conduct this study, dang nhap w88 authors conducted a survey of 339 respondents who are employees of departments/divisions of Fancy Solution Co.LTD in countries such as China, Taiwan, Indonesia and Vietnam. dang nhap w88 sample size is sufficient to conduct dang nhap w88 tests in this study. In dang nhap w88 339 survey samples, dang nhap w88 proportion of men and women is quite similar (men account for 52.2% and women account for 47.8%) and dang nhap w88 specific age statistics of dang nhap w88 employees are: under 28 accounts for 29.2%; from 28 to under 35 accounts for 22.1%; from 35 to 45 accounts for 35.4%, and over 45 accounts for 13.3%. dang nhap w88 survey period was conducted from November 10, 2024 to December 10, 2024.
4.2. Cronbach' alpha and EFA test
Table 1. Results of Cronbach' alpha and EFA tests
Source: dang nhap w88 authors processed dang nhap w88 data
dang nhap w88 results of dang nhap w88 scale reliability test are presented in Table 1 below:
Cronbach’s Alpha and EFA analysis. dang nhap w88 coefficients a 0.6 and all item-total correlation coefficients 0.3, indicate that dang nhap w88 internal consistency and reliability of dang nhap w88 measurement variables are guaranteed (Hair et al., 2010). EFA analysis shows that dang nhap w88 Eigenvalues 1; factor loadings 0.5; KMO values 0.6; total variance extracted values 50% and Bartletts test of sphericity is statistically significant at dang nhap w88 99% level (Hair et al., 2010). Thus, all scales ensure reliability and are used for subsequent analyses.
4.3. Pearson's correlation coefficient test
dang nhap w88 results in dang nhap w88 correlation matrix table show that at dang nhap w88 99% confidence level, dang nhap w88 correlation between dang nhap w88 dependent variable and dang nhap w88 seven independent variables mentioned above is accepted. Therefore, no variable is excluded from dang nhap w88 model to ensure dang nhap w88 model's suitability.
dang nhap w88 independent variables have relatively strong correlations with dang nhap w88 dependent variable, with dang nhap w88 correlation coefficient arranging from 0.249 to 0.529, in which dang nhap w88 factor of skill development and training has dang nhap w88 strongest correlation with dang nhap w88 dependent variable.
4.4. Multiple regression analysis
Analysis of dang nhap w88 Model Summary table (R and Adjusted R Square values).
dang nhap w88 results show that dang nhap w88 significance level Sig. is very small and dang nhap w88 coefficient of determination R2 = 0.662 and adjusted R2 (Adjusted R square) = 0.654 prove dang nhap w88 suitability of dang nhap w88 model, that is, all 7 factors explain over 65% of dang nhap w88 variation in employee motivation.
Table 2. dang nhap w88 Model Fit Determination Coefficient
4.5. ANOVA table analysis
Table 3. ANOVA analysis results
Source: Author's calculation from dang nhap w88 survey results
dang nhap w88 results in Table 3 show that dang nhap w88 statistical test result F = 92.427 with sig value = 0.000 (<0.05) = Reject dang nhap w88 hypothesis H0 that all regression coefficients are 0 (except dang nhap w88 constant). Thus, dang nhap w88 constructed multiple linear regression model fits dang nhap w88 data set, dang nhap w88 independent variables in dang nhap w88 model are related to dang nhap w88 dependent variable.
dang nhap w88 result of dang nhap w88 multiple linear regression model is rewritten as follows:
EM = 0,298*CE + 0,293*FW + 0,290*LS + 0,264*SD + 0,225*DT + 0,210*RC + 0,188SR + 0,033
According to dang nhap w88 multiple linear regression equation, dang nhap w88 factors Collaborative working environment (CE); Flexible working environment (FW), Leadership support (LS); Skill development and training (SD); Application of technology in management (DT), Recognition (RC) and Salary (SR) in order of importance affect employee motivation at Fancy Solution Co.Ltd.
Model fit testing: In dang nhap w88 regression model, all statistically significant standardized coefficients 0, indicating that dang nhap w88 independent variables have a positive impact on dang nhap w88 dependent variable of employee motivation. This result confirms that dang nhap w88 hypotheses stated in dang nhap w88 research model (H1, H2, H3, H4, H5, H6, H7) are accepted and tested appropriately.
5. Conclusion
Research has shown that there are 7 factors that impact employee motivation, which together contribute to creating a supportive and engaging work environment. To improve employee motivation, Fancy Solution Co., Ltd.'s management needs to pay attention to these 7 factors, especially dang nhap w88 4 most influential factors including Collaborative working environment (CE); Flexible working environment (FW) and Leadership support (LS).
When employees are motivated, they are more likely to be satisfied with their jobs, contributing positively to work performance, leading to increased productivity and dang nhap w88 overall success of dang nhap w88 organization. By prioritizing these factors, Fancy Solutions Co., Ltd. can foster a work environment that not only attracts and retains top talent, but also drives dang nhap w88 company to achieve its strategic goals and long-term growth.
REFERENCES:
1. Nguyen Van Binh. (2020). Recognition and career development opportunities in dang nhap w88 timber import-export sector: Impacts on employee motivation and retention. Vietnam Journal of Human Resource Management, 12(3), 34-50.
2. Costa, A. C., et al. (2021). Flexibility and job motivation: dang nhap w88 impact of work schedule control on employee satisfaction. Journal of Business Research, 124, 1-10.
3. Hair, J.F., Black, W.C., Babin, B.J. and Anderson, R.E. (2010) Multivariate Data Analysis. 7th Edition, Pearson, New York.
4. Herzberg, F. (1959). dang nhap w88 motivation to work. John Wiley & Sons, USA.
5. Maslow, A. H. (1943). A theory of human motivation. Psychological Review, 50(4), 370-396.
6. Nguyen Van Du. (2019). dang nhap w88 role of work autonomy, employee engagement, and leadership in motivating employees in dang nhap w88 wood processing sector. Vietnam Journal of Industrial Relations, 15(2), 78-92.
7. Nguyen Van Hung. (2020). Leadership support and employee motivation in Vietnam’s export sector. Vietnam Journal of Business Studies, 11(2), 67-82.
8. Smith, J., & Thompson, R. (2023). Work motivation in wood import-export businesses: dang nhap w88 role of digital transformation and work flexibility. International Journal of Human Resource Management, 34(2), 123-145.
CÁC YẾU TỐ CHÍNH
ẢNH HƯỞNG ĐẾN ĐỘNG LỰC LÀM VIỆC
CỦA NHÂN VIÊN TẠI CÔNG TY TNHH FANCY SOLUTION
• NGUYỄN THỊ THU CHANG1
• TS. BÙI VĂN THỜI2
1Giám đốc vận hành, Công Ty TNHH Fancy Solution
Học viên MBA, Trường Đại học Nguyễn Tất Thành
2Phó khoa, Khoa Quản trị kinh doanh, Trường Đại học Nguyễn Tất Thành
TÓM TẮT:
Nghiên cứu này điều tra các yếu tố chính ảnh hưởng đến động lực làm việc của nhân viên tại Công ty TNHH Fancy Solution, một doanh nghiệp đa quốc gia hoạt động tại Đài Loan, Trung Quốc, Indonesia và Việt Nam, chuyên về xuất nhập khẩu gỗ. Mục tiêu của nghiên cứu là xác định các yếu tố thúc đẩy động lực trong bối cảnh văn hóa đa dạng. Qua phân tích định tính và định lượng, nghiên cứu chỉ ra sáu yếu tố chính có tác động tích cực đến động lực làm việc của nhân viên, gồm: lương, sự công nhận, môi trường làm việc linh hoạt, sự phát triển và đào tạo kỹ năng, môi trường làm việc hợp tác, và ứng dụng công nghệ trong quản lý. Những yếu tố này không chỉ giúp nâng cao sự hài lòng của nhân viên trong công việc mà còn tăng cường sự gắn kết giữa các nhân viên. Nghiên cứu này kỳ vọng giúp các công ty, tổ chức có chiến lược phù hợp để nâng cao sự gắn kết và hài lòng của nhân viên ở nhiều bộ phận khác nhau.
Từ khoá: động lực, động lực của nhân viên, Công ty TNHH Fancy Solution.
[Tạp chí Công Thương - Các kết quả nghiên cứu khoa học và ứng dụng công nghệ, Số 25 tháng 12 năm 2024]