Posted: July 3rd, 2022

Budgets are one of the most important financial pillars in any organization. One of the main and most important uses of any type of budgetary plan is influencing the attitudes and overall performance of employees. Budgets play a vital role in motivating employees since they represent a bridge between all employees’ individual targets and the organizational goals.

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Budgets are one of the most important financial pillars in any organization. One of the main and most important uses of any type of budgetary plan is influencing the attitudes and overall performance of employees. Budgets play a vital role in motivating employees since they represent a bridge between all employees’ individual targets and the organizational goals. Hence, this study aims to analyze how, and why budgets motivate employees, by providing an in-depth literature review based on previous relevant findings on the topic. As it will be seen, budgets present both positive and negative aspects with respect to motivationally incentivizing the employees of an organization; the key point of this research paper will be to analyze the overall effects of budgeting, by taking into consideration its main purpose: providing thorough financial planning based on which any type of organization or firm is set to undertake their activities in each of their respective markets. 1. Introduction 1.1 Research Question statement 2. Nexus between budgeting, motivation and rewards 2.1 Goal setting & motivation 2.2 Financial aspect of budgets: Role in employee motivation 2.3 How do employees value rewards? 3. How does budgeting allow managers and employees to work together? 3.1 Task allocation & collaboration (or lack thereof) 3.2 Aligning individual goals with organizational targets 3.3 Tasks, personal skills& assets 4. Advantages of budgetary planning, from a motivational perspective 4.1 Employee engagement: role of rewards 4.2 Recognition & appreciation 4.3 Professional development 4.4 Tuition reimbursement & commissions 4.5 How do budgets increase employee motivation? 5. Disadvantages of budgetary planning, from a motivational perspective 5.1 Demotivation & deception: Consequences of budgetary misuse 5.2 Resource scarcity 5.3 Unjustified “authority” of managers 5.4 Company leaderboard 5.5 Conditional vacation days 5.6 Write-ups 6. How to avoid/ diminish these disadvantages? 7. Does participative budgeting increase motivation 7.1 What does participative budgeting entail? 7.2 Impact of participative budgeting on employee motivation 8. Conclusion & Discussion 9. List of references Please make sure to use at least 25 (of the 30 total) sources from ACADEMIC ACCOUNTING JOURNALS (A* and A), it is the most important requirement.

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