Motivation of Sales Force
Motivation of Sales Force
Force
Presented By
Divya Chawhan(201024)
Satish Annaldas(201007)
Jignasa Ghaghada(201041)
Ashish Belagade(201014)
Sudhanshu Bhushan(201023)
Sujit Bajare(201011)
Contents
1. Introduction
2. Definition
3. Motivational Theories
Content Theory
Process Theory
Reinforcement Theory
4. Motivational Tools
5. Top Ten Ways of motivating your employees
6. Importance of Motivation
7. Motivation Strategies adopted by Carline Auto
8. Motivation Strategies adopted by HDFC Mutual Fund
“You can bring the horse to the water but you cannot force him to drink”.
This is the famous adage that has been aptly used by the marketers to define
motivation.
Introduction
One of the most important factors that lead one to their goals is the
drive. This drive is known as motivation. It is a zest and determination
with a kind of excitement that leads one to persevere to reach greater
heights, in no matter what avenue of their life; be it – personal or
professional. The drive may come from an internal or external source.
The individual determines this. The factors that motivate an individual
keep changing as one climbs the ladder of age and maturity. And also,
achievement of one goal sets the ball rolling for another one to be
achieved. Thus, to be motivated is a constant need. There are times
when one faces a period of de-motivation and everything seems bleak. It
is then that they need to find what would motivate them back into
action.
Definition
Nature of motivation
Process of motivation
The sales manager needs to understand the process of motivation and uses it
to improve organizational efficiency. He can use the process of motivation
process to stimulate the sales person to work efficienly, establish a cordial
relationship between the sales managers and sales people, satisfiy the
economic social and human needs of the sales person and to seek the
cooperation of the sales person inachieving the sales target. The following is
the process of motivation:
Social psychological research has indicated that extrinsic rewards can lead to
overjustification and a subsequent reduction in intrinsic motivation. In one
study demonstrating this effect, children who expected to be (and were)
rewarded with a ribbon and a gold star for drawing pictures spent less time
playing with the drawing materials in subsequent observations than children
who were assigned to an unexpected reward condition and to children who
received no extrinsic reward.
MOTIVATIONAL THEORIES
CONTENT THEORY
It tries to explain the contents of an individual’s need structure of motives.
They try to determine what it is that motivates people to work. It explains the
structure of the needs and motives. It explains the individual priority needs
for achieving equilibrium between the desired state and rewards.
Abraham Maslow propounded this theory where he looked into the hierarchy
structure of the different types of needs of an individual over a period of time.
It explains the hierarchy structure of the different types of needs of an
individual over a period of time.
Factors like working conditions, security and safety, and a democratic style
of supervision by the sales managers were found to be stronger
motivational factors than the other rewards involved in a job.
Physiological,
Safety,
Social,
Esteem,
Self-actualization.
Physiological Needs
Physiological needs are the basic and they have the greatest strength among
all the needs of the individual. They are the basic human needs to sustain
human life like food, water, shelter and clothing. They are identified with the
bodies and are relatively independent of each other. These needs are
perceived to be finite which means that after a reasonable gratification they
are no longer demanded and are not motivators any more. Satisfaction of
physiological needs is always associated with money and financial rewards,
which can buy the products and services to satisfy these needs. The value of
factor termed as money diminishes as one moves from lower order needs to
the higher order in the hierarchy.
Safety Needs
Social Needs
Social needs and affiliation needs for belonging, which It describes the
individual’s desire for company and companionship of other people. The
individual wants to receive and give acceptance, affection, and
friendship and a mere pat helps people in the gratification of their social
needs. These needs provide meaning to work life and individuals are not
perceived to be like inert instruments. They are treated as secondary
needs as they do not threaten the existence of the human being. They
are substantially infinite and are satisfied by the symbolic behavior of
psychic and social contacts.
Esteem Needs
Self-actualization
The best way to define this need is through the adage ‘what a man can be, he
must be’. It is a desire to grow more and more i.e. to become everything that
one is capable of becoming. It is the need which urges individuals to optimize
their potential. The specific form that the self-actualization needs take varies
from person to person. It is not necessarily a creative urge but it means
creativeness in realizing, to the fullest, one’s own potential.
1. Hygiene factors
2. Motivators
Hygiene Factors
Hygiene factors (e.g. status, job security, salary and fringe benefits) that
prevent dissatisfaction because their effect on the sales person
resembles the physical hygiene of the body. Factors such as money
quality of supervision, status, security, working condition, policies and
administration and interpersonal relationship. These factors do not
motivate people but they prevent dissatisfaction. They prevent from
getting negative motivation from occurring. They give positive
satisfaction, though dissatisfaction results from their absence. These are
extrinsic to the work itself, and include aspects such as company
policies, supervisory practices, or wages/salary.
Motivators
Physiological and safety, the lower order needs, are placed in the existence
category, while love and self-esteem needs are placed in the relatedness
category. The growth category contains our self-actualization and self-esteem
needs. Alderfer argues that there are three groups of core need — existence,
relatedness, and growth hence the label: ERG theory. The existence group is
concerned with providing our basic material existence requirements. They
include the items that Maslow considered to be physiological and safety
needs. The second group of needs is that of relatedness- the desire we have
for maintaining important interpersonal relationships. These social and status
desires require interaction with others if they are to be satisfied, and they
align with Maslow's social need and the external component of Maslow's
esteem classification. Finally, Alderfer isolates growth needs' an intrinsic
desire for personal development. These include the intrinsic component from
Maslow's esteem category and the characteristics included under self-
actualization.
Theory Y
For McGregor, Theory X and Y are not different ends of the same continuum.
Rather they are two different continua in themselves. Thus, if a manager
needs to apply Theory Y principles, that does not preclude them from being a
part of Theory X & Y.
Process Theories
Expectancy Theory
The reward they are receiving is adequate to offset the amount of work
being done.
this are predicted organizational rewards are valued by the employee in
question.
Vroom's theory assumes that behavior results from conscious choices among
alternatives whose purpose it is to maximize pleasure and to minimize pain.
Vroom suggested that the relationship between people's behavior at work
and their goals was not as simple as was first imagined by other scientists.
Vroom realized that an employee's performance is based on individual factors
such as personality, skills, knowledge, experience and abilities.
Victor H. Vroom introduces three variables within the expectancy theory
which are valence (V), expectancy (E) and instrumentality (I). The three
elements are important behind choosing one element over another because
they are clearly defined: effort-performance expectancy (E>P expectancy),
performance-outcome expectancy (P>O expectancy).
E>P expectancy: Our assessment of the probability our efforts will lead to the
required performance level.
Time
Effort
Loyalty
Hard Work
Commitment
Ability
Adaptability
Flexibility
Tolerance
Determination
Enthusiasm
Personal sacrifice
Trust in superiors
Support from co-workers and colleagues
Skill
Outcomes
Job security
Esteem
Salary
Employee benefits
Expenses
Recognition
Reputation
Responsibility
Sense of achievement
Praise
Thanks
Stimuli
Goal-setting theory
Reinforcement Theories
Part of the reason why undecided voters are frequent message targets can be
found in reinforcement theory. Reinforcement theory predicts that people
with already developed opinions will selectively attend to and cognitively
incorporate information that supports their own views. Reinforcement theory
has three primary mechanisms behind it: selective exposure, selective
perception, and selective retention.
The terms drive theory and drive reduction theory refer to a diverse set of
motivational theories in psychology. Drive theory is based on the principle
that organisms are born with certain physiological needs and that a negative
state of tension is created when these needs are not satisfied. When a need is
satisfied, drive is reduced and the organism returns to a state of homeostasis
and relaxation. According to the theory, drive tends to increase over time and
operates on a feedback control system, much like a thermostat.
It is based on the idea that the wide variations in human behaviour can be
explained by principles of learning.
Key employee retention is critical to the long term health and success of your
business. Managers readily agree that retaining your best employees ensures
customer satisfaction, product sales, satisfied coworkers and reporting staff,
effective succession planning and deeply imbedded organizational knowledge
and learning. If managers can cite these facts so well, why do they behave in
ways that so frequently encourage great employees to quit their jobs?
A satisfied employee knows clearly what is expected from him every day at
work. Changing expectations keep people on edge and create unhealthy stress.
They rob the employee of internal security and make the employee feel
unsuccessful. I’m not advocating unchanging jobs just the needs for a specific
framework within which people clearly know what is expected from them.
The ability of the employee to speak his or her mind freely within the
organization is another key factor in employee retention. All the
organization should solicit ideas and provide an environment in which
people are comfortable providing feedback? If so, employees offer ideas,
feel free to criticize and commit to continuous improvement. If not, they
bite their tongues or find themselves constantly "in trouble" - until they
leave.
In another instance, a staff person, just a year or two out of college, was
given Rs. 20,000 in raises over a six month time period. Information of
this type never stays secret in companies so you know, beyond any
shadow of a doubt, the morale of several other employees will be
affected. For example, a staff person who views her role as important
and she brings ten years of experience, an M.B.A. and a great
contribution record to the table. When she finds she is making less
money than this employee, she is likely to look for a new job. Minimally,
her morale and motivation will take a big hit. Did the staff person
deserve the raises? Yes. But, recognize that there will be impact on
others.
The easiest to solve, and the ones most affecting employee retention, are
tools, time and training. The employee must have the tools, time and
training necessary to do their job well – or they will move to an
employer who provides them.
Best employees, those employees you want to retain, seek frequent
opportunities to learn and grow in their careers, knowledge and skill.
Without the opportunity to try new opportunities, sit on challenging
committees, attend seminars and read and discuss books, they feel they
will stagnate. A career-oriented, valued employee must experience
growth opportunities within your organization.
Do not let fear of failure stop you from having the freedom
to choose the lifestyle and destiny you desire.
True motivation is not only a learned skill; it is
developed due to a need or desire to make our dreams a
reality.
Have you noticed the difference between working on something you like and
working on something you don't like? I'm sure you can feel the difference.
When you're motivated about something, you can work on it effortlessly.
Nobody needs to force you to work. Nobody needs to tell you to move. In fact,
you are waiting for the opportunity to work. Since getting started is perhaps
the most difficult part of getting things done, being motivated is tremendously
helpful for you.
Getting started is one thing but keep moving is another thing. Whatever you
do, there are always obstacles along the way that can hinder you from
achieving success. If you don't have motivation, it's easy to get discouraged
when you meet such obstacles. That's why motivation often makes the
difference between winners and losers. Winners are those who can go
through challenges and difficulties thanks to their motivation. Losers, on the
other hand, are those who can't go through challenges and difficulties since
they lack the necessary motivation.
If you are motivated about something you will voluntarily do more about it
than what is required from you. You will naturally go further and dig deeper
than other people since you love to do it. While other people will only do what
is necessary, you do more than that. In such situation, there is a good chance
that you will be more successful than others.
People who don't have motivation will think that the journey to success is
long and difficult. Those who are motivated look at it differently. The journey
is still long, but it's an enjoyable journey. Not only can they endure it, they
actually have fun along the way. Of course, there are always times when things
aren't good, but motivation enables you to endure such difficult times
14. Admit to yourself (and to an appropriate someone else) if you don't like an
employee --
Managers and supervisors are people. It's not unusual to just not like someone
who works for you. That someone could, for example, look like an uncle you
don't like. In this case, admit to yourself that you don't like the employee.
Then talk to someone else who is appropriate to hear about your distaste for
the employee, for example, a peer, your boss, your spouse, etc. Indicate to the
appropriate person that you want to explore what it is that you don't like
about the employee and would like to come to a clearer perception of how you
can accomplish a positive working relationship with the employee. It often
helps a great deal just to talk out loud about how you feel and get someone
else's opinion about the situation. As noted above, if you continue to focus on
what you see about employee performance, you'll go a long way toward
ensuring that your treatment of employees remains fair and equitz
I was working with Carline auto Pvt. Ltd. The main product of the company
is Airfilters, Airtanks & Other Press components.
HDFC mutual fund is one of the best mutual funds houses in India.It is second
best Fund house according to AUM calculated . Attaining such sales level in
business in such fluctuating markets would not have been possible without a
highly motivated sales force. The sales Team of HDFC Mutual fund is Highly
motivated and determined as they worked in synchronization with the
interests of the company as a whole.
The sales team does not only get cash benefits but also non-cash benefits
which keep them motivated and determined to achieve the company’s goals
effectively.
Some of the techniques for motivating their sales force deployed by HDFC
Mutual Fund are:
There are quarterly incentive structures for the sales team of every
branch.
There is a sales team in every branch of HDFC Mutual Fund and they are
recognized as per the AUM that they build by increasing sales.
There is a fully-paid overseas trip every year where the permanent
employees and the sales team from all the branches get together.
There are also benefits for the sales person who is the best in that
particular region. The regional manager himself comes and felicitates
the best performer.
There is also an annual event where employees of all the departments
are recognized and awarded as per their performance