Summary

Mckinsey conducted a study of labor productivity factors. The goal was to determine the incentives and barriers that affect employee engagement and performance. The key conclusion is that human resource management is most effective when it is consistent, systematic, and understandable to the organization’s employees. The main tools for increasing motivation include: • Clear goal setting: taking into account individual and team priorities, employee engagement • Individual approach to assessing employee performance • Regular feedback • Combination of financial and non-financial incentives (training)