Application of Game Theory on financial benefits and employee satisfaction: Case study of a state bank of Sri Lanka

D. Jayasekara, A. Wijayanayake, A. Dissanayake
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Abstract

The principal agent problem revolves around the competing interest between shareholders and the employees. The organization focus is on maximizing shareholder wealth, while employees try to obtain the maximum benefits for themselves. As per the motivational theories, people have different types of needs. Therefore, management should focus on a wide range of factors to motivate the employees to work to their full potential in the interest of the organization. The study focuses on both employee and the management of a state bank. The organization is always eager to minimize the cost and maximize the profit. Game Theory was used to provide a mathematical framework for understanding the optimal outcome and what the tradeoffs are to achieve that outcome. The objective is to find the right balance between financial gains and employee satisfaction. To fulfill that objective, one needs to evaluate the benefits given to employees, the effectiveness of those benefits on employees and finally recommend an effective benefits allocation mix to the organization, which will address both employee and the top management of the bank.
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博弈论在财务利益与员工满意度研究中的应用——以斯里兰卡某国有银行为例
委托代理问题的核心是股东与员工之间的利益竞争。组织关注的是股东财富的最大化,而员工则试图为自己获得最大的利益。根据动机理论,人们有不同类型的需求。因此,管理层应该关注广泛的因素来激励员工为了组织的利益而充分发挥他们的潜力。本研究以一家国有银行的员工和管理层为研究对象。组织总是渴望使成本最小化,利润最大化。博弈论被用来提供一个数学框架来理解最佳结果,以及实现这一结果的权衡是什么。目标是在财务收益和员工满意度之间找到适当的平衡。为了实现这一目标,需要评估给员工的福利,这些福利对员工的有效性,并最终向组织推荐有效的福利分配组合,这将解决员工和银行高层管理人员的问题。
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