Business Communication in the Context of Improving the Personnel Policy of a Modern Organization

The article considers a comprehensive study of priority areas of staff motivation. Based on the systematic approach the practical ways of implementation a motivational mechanism as a key component of improving personnel policy in a banking institution were developed. The role and organization of the motivational mechanism and stimulation of labor activity in the personnel management system in the modern organization were covered. The existing methods, techniques and indicators for assessing the personnel motivation systems taking into account the financial stability of the banking institution were analyzed. Improved systems of work motivation in a modern domestic bank were proposed taking into account the monitoring and forecast of indicators of its financial and economic condition. Motivational approaches were evaluated based on the development of an effective system of material incentives and compensation (intangible) staff package in order to increase the interest of employees in obtaining the maximum result of activities in the studied bank. A comprehensive program of organizational, economic and managerial measures to improve the system of socio-economic motivation of staff in the bank was formed in accordance with the strategic guidelines of the institution.