Motivation of employees in private companies in Cyprus

Abstract

The aim of this paper is to investigate what incentives motivate and satisfy employees in private companies in general and during pandemic. A primary quantitative survey was conducted in the private sector in Cyprus. According to the results the participants seem to agree on a higher level that they have a smooth communication and collaboration with their colleagues and less that they have opportunities for advancement. A more positive stance they have about bonuses keeping them motivated and that they are able to take initiatives in the execution of their work. As for their motivation and satisfaction during the period of pandemic, the employees agree that there are no changes to their pay, but are neutral that they like working from home because of the Covid-19 conditions. There is a high positive relation between the participants’ job satisfaction, satisfaction and motivation in respect to the remuneration, personal satisfaction from the job, and job motivation during the period of pandemic.