Explanation:

Irrespective of whether Management aims at reducing labour turnover of increasing the productivity of its workforce, the finality is to have a motivated workforce. At different points of time, different Researchers and Theorists have come with different insight on the complex issue, which is motivation of employees. Before proceeding further, it would be most proper to have a look at what motivation is all about, but keeping it mainly in the workplace context. Motivation is to give reason, incentive, enthusiasm, or interest that causes a specific action or behaviour. It can be broadly classified as either intrinsic or extrinsic. Intrinsic motivation is internal, where an employee chooses to do something mostly out of pleasure, importance, or desire.

Example A group of computer programmers trying to crack a code just for fun or perhaps a worker doing more than what was asked of them just because they’re energized by the particular task they are doing. Extrinsic motivation occurs when external factors influence the employee to do something or behave in a certain way, such as through rewards, bonuses, commissions, and other perks.

As such, Management needs to understand what motivates the employees, and find innovative ways towards retaining them, especially the talented one, and also making them become more committed and motivated, and, hence, even more productive.