Abstract:

This paper deals with the topic of employee motivation and analyzes the use of financial and non- financial motivational factors in small and medium-sized enterprises in the Czech Republic.

The aim of this paper was to use a statistical method of one-sample t-test to compare the results of two parts of each established hypothesis and then to reject or confirm the whole hypothesis. The hypotheses concerned the extent to which motivational factors were used in small and medium-sized enterprises.

The research sample was divided according to three criteria for the purposes of this article. The first of these is the division of companies according to whether the ownership of the company is domestic in the Czech Republic or foreign. The second division concerned whether the undertakings were active in the manufacturing or logistics sector (these sectors were merged for the purpose of the article) or whether they were active in the services sector. The last criterion was the size of the company according to the number of employees.

Data for this paper were obtained from a questionnaire survey conducted in small and medium-sized enterprises in the Czech Republic and from the research activities of Industry Four in cooperation with the Slovak Academic Association for Personnel Management SAAMP.

A total of four hypotheses were established, which dealt with the analysis of financial and non- financial motivational factors according to various scales.

Keywords:

Motivation, financial motivational factors, non-financial motivational factors, work motivation, work commitment.