Международный журнал экономики и менеджмента

Game Theory and Motivation among Enterprises and Employees, a Key to Human Resource Management

Abstract

Adedoyin Temilade Akinola

Motivation of employees is a vital measure in human resources management which helps enterprises to promote the realization of the enterprise goals by improving employee motivation. Promotion and salary increase are the most widely used incentive means. If salary increase and promotion are used efficiently, they can achieve twice the result with half the effort, which is conducive to the enterprise to build a standard, and reasonable structure of the staff. An enterprise is usually a group made of many people. The game between the employer and the employees exists at all time. In the management process, the employer as well as the enterprise should consider how to balance the relative factors of all aspects to make the best management effects. The application of motivation to balance the advantage and the disadvantage can solve some problems in human resource management This paper analyses the game theory behavior of enterprises and employees under different strategies of salary increase and promotion, and recommends that enterprises should maintain the average level of wage growth in the market, increase salary moderately in the stage of rapid economic growth, and attach importance to the needs of highly skilled and talented employees, so as to provide some reference for human resources management of enterprises.