The effectiveness of money as a motivator

Motivation is defined as the processes or drives that cause the great unwashed to move in a certain way. Motivated employees results in improve efficieny, increased productivity and enhancement of quality. Thus, motivating the employees is of innate meaning in a business endeavour to acquire mastery and gain a competitive edge. Business adjudicate to motivate their employees by financial and non-financial factors. Motivation depends on a persons interest, experiences, wants and attitudes towards life.hence, different people atomic number 18 motivate by different factors. In todays world everybody require funds to fill up their materialistic subscribes and wants. Money is also subscribe for other puporses like medical treatment, childrens education,etc. Moreover, money is also pregnant after retirement and for security. Thus, money cigarette be seen as the only factor that motivates an employee. This is consistent with F.W. Taylors motivational theory. He believed t hat - a comme il faut days wage for a fair days work i.e. a dear(predicate) salary for obedient performance is motivating. However, his theory is based on research on workers which belong to the lower socio economic group. This groups major problem is scarcity of money. Thus, his theory is effective for motivating these people. It is go down that money is the pre-requisites for survival on this earth. Still, money tooshie quit only the extrinsic fills.

As it is said Money can by everything but not internal happiness. Maslow, a theorist considers money as only a basic need and has it on the base of his p yramid of hierarchy of needs. He believes th! at as money - basic need is satisfied an employee needs broad(prenominal) order needs for motivation.His hierarchy of needs priortises self-actualisation consisting of recognition of work, lieu etc. as higher order needs. credit grade of good work is the pivotal pillar in motivating employees. Recognition of work brings an internal satisfaction... If you want to get a copious essay, order it on our website: OrderCustomPaper.com

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