The impact of immaterial factors on employees’ motivation during recovery from economic crisis – a theoretical perspective

Abstract

Employees’ involvement in an organization’s affairs during crisis, especially at the time of crisis recovery provides opportunities for overcoming, in a more effective manner, a difficult situation which the organization may face. The economic crisis does not always result in the organization’s collapse or lead to dismissals. Dealing with the staff in a well thought-out and reasonable manner by managers may produce better results than expected. Superiors appreciating work performed by their subordinates, showing them respect, expanding responsibilities for assigned tasks and the possibility of allowing employees to take simple decisions makes them feel that they are an integral part of the organization and actually have impact on what is going. During the time of crisis recovery it is important for the staff to know that they are guaranteed permanent employment. They also pay attention to praise from their management, promotions or flexible hours (in those organizations where it is possible). The latter factor allows a manager to, at least partially, achieve their life and work balance.