The effectiveness of money as a motivator

Motivation is defined as the processes or drives that cause population to move in a certain way. Motivated employees results in improve efficieny, increased productivity and enhancement of quality. Thus, motivate the employees is of thorough meaning in a business endeavour to bring home the bacon mastery and gain a competitive edge. Business try out 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 actuate by different factors. In todays world everybody require money to fill up their materialistic subscribes and wants. Money is also pauperism for other puporses like medical treatment, childrens education,etc. Moreover, money is also substantial 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 believ ed that - a comme il faut days wage for a fair days work i.e. a costly 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 prepare that money is the pre-requisites for survival on this earth. Still, money git compensate only the extrinsic ingests.

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 pyr amid of hierarchy of needs. He believes that! as money - basic need is satisfied an employee needs high school order needs for motivation.His hierarchy of needs priortises self-actualisation consisting of recognition of work, representation etc. as higher order needs. credit valuation 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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