Economic and mathematical modelling of motivation methods of personnel of commercial banks

Svitlana Anatoliivna Nuzhna, Kateryna Volodymyrivna Smetska


The article is devoted to the research of modern methods of bank staff’s motivation. Authors analyse some aspects of functioning of a personnel motivation system, for example, PJSC СB "PRIVATBANK". The basic approaches of banking personnel’s motivation are revealed. Their characteristic features are considered. It is proved that the effective motivational mechanism in the bank is a system of economic, organizational and administrative, social and psychological methods of influencing motives of personnel work behaviour in order to develop their internal need for greater labour efficiency. As a result of the analysis, authors have constructed the economic and mathematical model for selecting the optimal motivation strategy for a staff. In the developed economic and mathematical model we have foreseen the elements that allow taking into account the status of bank employees, the level of their work evaluation, the use of social package’s elements and others. Such model can be used for analysis and making personnel rating for different periods of time, as well as for identification of peculiarities of motivation strategies in the work of personnel not only in the bank as a whole, but also in its individual units, branches, and units. In addition, this model can be modified both structurally and substantively. Results of analysis have been processed by Microsoft Office Excel spreadsheets office program. Data analysis has been performed using the "Find a Solution" tool in spreadsheets, which allows finding keys for optimization problems with almost unlimited number of variables. As a result, it has been confirmed that the application of economic and mathematical methods is very effective in assessing modern methods of staff’s motivation. Also it has been reasoned that a mechanism of regulating labour motivation must effectively combine strategic interests of a bank with interests of its staff, the style of bank’s management with a system of effective labour motivation.


material rewards; indicators of labour motivation; quarterly bonuses; occupational allowances; labour stimulation; personnel costs

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Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

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