Motivation is a process in a person who moves it towards a goal. Given that employees represent the most valuable part of any organization, their motivation is one of the most important management functions. The subject of the work is modern approaches to employee motivation, that is, motivational strategies and tools that can be used for this purpose. The main goal of this paper is to consider a number of issues related to the modern approach to employee motivation: identifying and understanding the factors that motivate employees today, but also ways to increase their job satisfaction. In this paper, modern approaches to employee motivation will be viewed from the aspect of contemporary theories, which include: the theory of righteousness, goal setting theory, the theory of reinforcement and the theory of expectations.