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An approach to improve municipal company’s motivation system to impower its economic security is proposed in the article.  The approach is based both on division of motivative factors into three groups (tangible, intangible and intrinsic) and on reveal of correlation between the importance of an exact group of motivative factors (dependable feature) and such individual-psychological characteristics of employee’s personality, as the level of extra / introversion and neuroticism (undependable features).  The importance to improve the performance of the municipal company’s motivation system because of the number and origin of threats it faces in the process of its activity is substantiated. It is shown that the unsatisfactory level of efficiency of activity of state-owned enterprises, their economic security, as a consequence, - waste of resources of the territorial community is explained, in particular, by the low level of motivation of work in such organizations. It was found that, despite close attention to the problem of motivation in the scientific works of domestic and foreign researchers, the tools of effective management were mostly developed for the private sector. Improving management in budgetary institutions is by borrowing methods and techniques from private sector. It is shown that for a municipal company an effective system of motivation must be built taking into account such factors that employees perceive as really important in the process of meeting their sound needs, taking into account the limited budget. Applied tools for monitoring motivative factors, division them into groups (tangible, intangible, intrinsic), forming a list of the most meaningful factors using ABC-XYZ analyze are proposed. Due to the results of the analyze the structure of the most and the least meaningful factors of motivation for the organizational behavior of employees is descried. Regression models which allow to forecast the importance of an exact group of motivative factors related to the employee’s level of extra / introversion and neuroticism have been formed. The prospect of introducing a model of motivational controlling, which will allow to improve the efficiency of the functioning of the system of motivation by increasing the level of coordination of planning, accounting and analysis processes in order to ensure the economic security of the municipal company.

MOTIVATION SYSTEM AS AN INTEGRATED PART OF MUNICIPAL COMPANY’S ECONOMIC SECURITY SUBSTANTIATION