Development of the staff motivation system as a factor of improving the efficiency of the enterprise

Abstract

Motivating of the staff and creating the conditions for their interest in increasing the efficiency of the enterprise as a whole, and even the development of social partnership in particular, are the main tasks of a modern business entity. The development and application of effective personnel motivational models contributes to increasing productivity, competitiveness and, as a result, the profitability of the enterprise. Moreover, it gives an opportunity to reach a higher level of economic development and realize one's potential.