Methods of motivation and incentiveness of average price managers in credit and financial organizations of Russia

Nowadays the situation in the sphere of social and economic development of Russia determines the special importance of organization activity of credit and financial orientation. The insufficient efficiency of activities of the credit and financial organizations of modern Russia is a consequence the low production of personnel’s work, one of the reasons of which is the existing system of motivation and stimulation. Middle managers in financial institutions are an important part of management personnel. They are the link in the organization: it is impossible to obtain results from managers of other levels and the organization as a whole without their effective work. Today the role of middle managers in achievement of efficiency of organizational activities is underestimated. The system of their motivation and stimulation needs enhancement. The article presents the data of a sociological survey, which analyzed the state of the system of motivation and incentives for managers of middle management in 10 modern Russian credit and financial organizations, and the application of specific methods, forms and tools of motivation are explored. The methods and their forms of motivating and stimulating the work of mid-level managers in the credit and financial organizations of modern Russia do not constitute a system. It is a conglomeration of different approaches, schemes, methods, means that do nоt constitute a single whole. At the present time the system of motivation and stimulation of middle managers can not be considered balanced and sufficient. It lags far behind the best foreign analogs and needs substantial optimization. Moreover, the task of catching-up modernization, and the task of primacy in the world market of banking services, is not facing Russian financial institutions The authors formulate directions for improving the motivation and incentives for middle managers in Russian credit and financial organizations, and give recommendations on the use of motivational methods and tools.

1. Aktual’nye voprosy menedzhmenta i upravleniya personalom v sovremennyh organizaciyah [Actual questions of management and personnel management in modern organizations]. M., 2018 (in Russian).

2. Bodrunov S.D. Proizvoditel’nost’ truda v Rossii i v mire. Vliyanie na konkurentosposobnost’ ehkonomiki i uroven’ zhizni [Productivity of labor in Russia and in the world. Influence on competitiveness of economy and a standard of living] // Analiticheskij vestnik [Th e Analytical Bulletin]. 2016. N 29 (628) (in Russian).

3. Drucker P. Praktika menedzhmenta [Practice management]. M., 2003 (in Russian).

4. Drucker P. Tasks management in the XXI century [Zadachi menedzhmenta v XXI veke]. M., 2004 (in Russian).

5. Hehmel G. Budushchee menedzhmenta [Th e future of management]. M., 2013 (in Russian).

6. Kollinz D. Ot horoshego k velikomu: pochemu odni kompanii sovershayut proryv, a drugie net [Good to Great: why some companies make the leap and others do not...]. M., 2014 (in Russian).

7. Korgova M.A. Kadrovyj menedzhment: uchebnoe posobie [Human resource management: a tutorial]. Rostov n/D., 2007 (in Russian).

8. Kovi S.R. 7 navykov vysokoehffektivnyh lyudej. Moshchnye instrumenty razvitiya lichnosti [Th e 7 habits of highly effective people. Powerful personal development]. M., 2007 (in Russian).

9. Nordstrem K., Ridderstrale J. Biznes v stile fank: kapital plyashet pod dudku talanta [Funky business: capital dancing to the tune of talent]. M., 2013 (in Russian).

10. Piters T. V poiskah sovershenstva: uroki samyh uspeshnyh kompanij Ameriki [In search of excellence: lessons from America’s most successful companies]. M., 2014 (in Russian).

11. Rejtingi bankov [Ratings of banks]. URL: http://www.banki.ru/banks/ratings/ (date of circulation: 17.04.2017) (in Russian).

12. Vesnin V.P. Upravlenie personalom. Teoriya i praktika: Uch. [Personnel management. Th eory and practice: Th e textbook]. M., 2011 (in Russian).