Examining the Impact of Employee Benefits on Productivity and Motivation at Mintos

Abstract

This thesis investigates the effect of benefits on employee motivation and productivity within Mintos, the leading fintech company in Latvia and Germany. The objective of the research was to explore what kinds of employee benefits matter, and to what degree these benefits might be affecting motivation at work and resulting productivity. As per the ideas shared by the specialists and team-lead-level employees during the interviews, the comprehensive benefits package includes health insurance, flexible work arrangements, and employee stock options, among others and they very much contribute towards the hiring and retention of a motivated and productive workforce at Mintos. Key findings serve to underline the importance of the learning budget, employee stock options and health insurance as the highest-value benefits that contribute to employees' satisfaction and involvement. The study also illustrates how Mintos' benefits support positive team dynamics and motivate employees in the long run. Taking these into consideration, recommendations for Mintos were provided in the way of refining its benefit package further to meet the evolving needs of its employees. This thesis reinstates that, indeed, the benefit structure for employees is critical in maintaining a motivated workforce. The strategy by Mintos might just show that other companies should follow suit. The research gives Mintos actionable advice on how the company's benefits could be optimized, and guarantee continued organizational success and staff welfare.