Motivation can be termed under two categories, one being intrinsic form of motivation while the other an extrinsic. Intrinsic relates more with inner satisfaction while extrinsic being satisfaction by something as an output to your work. Budgeting is a process of classifying various expenditures that is estimated to meet the expenses of a project or service.
Participation and Satisfaction:
In the process of participation in budgeting two types of satisfaction is generated. One is intrinsic, meaning that just with the participation in budgeting process an employee is motivated internally just to take part in the process of contribution. On the other hand an employee who expects certain final output as a result of budgeting for a project is more of an autonomous extrinsic motivation. (Wong-On-Wing, Guo, & Lui, 2010)
Remuneration and Benefits:
One of the main object of employees are working in the organization to get return or financial benefit. Budget of an organization annual plan also includes the increment budget and provision for other related benefits. Growth in the incremental plan will motivate them to be loyal. Sense of contribution: More and more organizations are involving employees into the budgeting process. While participating in budgeting process, an employee becomes a part of the company goal-setting process. They invest both intellectually and emotionally, resulting in the growth of feeling of responsibility to attain the goal the budgeting has been done for. The goal set in the process of budgeting will directly influence the performance of employees positively as they will be responsible for what they have mutually arranged and agreed upon. (Usman, Usman, & Sugianto, 2016) These are some ways in which participation of employees in the budgeting process motivates them.
References
Usman, E., Usman, A., & Sugianto. (2016). LEADERSHIP STYLES IN BUDGETING PARTICIPATION TO SUPPORT MANAGERIAL .
International Journal of Organizational Innovation (Online), 251-259. Wong-On-Wing, B., Guo, L., & Lui, G. (2010).
Intrinsic and Extrinsic Motivation and Participation in Budgeting: Antecedents and Consequences. Sarasota: American Accounting Association.
For further actions, you may consider blocking this person and/or reporting abuse
We're a place where students share, stay up-to-date, learn and grow.
Motivation can be termed under two categories, one being intrinsic form of motivation while the other an extrinsic. Intrinsic relates more with inner satisfaction while extrinsic being satisfaction by something as an output to your work. Budgeting is a process of classifying various expenditures that is estimated to meet the expenses of a project or service.
Participation and Satisfaction:
In the process of participation in budgeting two types of satisfaction is generated. One is intrinsic, meaning that just with the participation in budgeting process an employee is motivated internally just to take part in the process of contribution. On the other hand an employee who expects certain final output as a result of budgeting for a project is more of an autonomous extrinsic motivation. (Wong-On-Wing, Guo, & Lui, 2010)
Remuneration and Benefits:
One of the main object of employees are working in the organization to get return or financial benefit. Budget of an organization annual plan also includes the increment budget and provision for other related benefits. Growth in the incremental plan will motivate them to be loyal. Sense of contribution: More and more organizations are involving employees into the budgeting process. While participating in budgeting process, an employee becomes a part of the company goal-setting process. They invest both intellectually and emotionally, resulting in the growth of feeling of responsibility to attain the goal the budgeting has been done for. The goal set in the process of budgeting will directly influence the performance of employees positively as they will be responsible for what they have mutually arranged and agreed upon. (Usman, Usman, & Sugianto, 2016) These are some ways in which participation of employees in the budgeting process motivates them.
References
Usman, E., Usman, A., & Sugianto. (2016). LEADERSHIP STYLES IN BUDGETING PARTICIPATION TO SUPPORT MANAGERIAL .
International Journal of Organizational Innovation (Online), 251-259. Wong-On-Wing, B., Guo, L., & Lui, G. (2010).
Intrinsic and Extrinsic Motivation and Participation in Budgeting: Antecedents and Consequences. Sarasota: American Accounting Association.