The effectiveness of money as a motivator

Motivation is defined as the processes or drives that cause multitude to move in a certain way. Motivated employees results in improve efficieny, increased productivity and enhancement of quality. Thus, do the employees is of fundamental meaning in a business endeavour to give mastery and gain a competitive edge. Business look to 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 move by different factors. In todays world everybody require coin to fill up their materialistic subscribes and wants. Money is also guide for other puporses like medical treatment, childrens education,etc. Moreover, money is also secure 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 that - a comme il faut days wage for a fair days work i.e. a pricy 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(ip) problem is scarcity of money. Thus, his theory is effective for motivating these people. It is compensate that money is the pre-requisites for survival on this earth. Still, money go off pay only the extrinsic pauperizations.

As it is said Money can by everything but not internal happiness. Maslow, a theoretician considers money as only a basic need and has it on the base of his pyramid of hierarchy o f needs. He believes that as money - basic ! need is satisfied an employee needs spunky order needs for motivation.His hierarchy of needs priortises self-actualisation consisting of recognition of work, chest of drawers etc. as higher order needs. credit judge 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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