The effectiveness of money as a motivator

Motivation is defined as the processes or drives that cause commonwealth to move in a certain way. Motivated employees results in improve efficieny, increased productivity and enhancement of quality. Thus, cause the employees is of natural meaning in a business endeavour to extend to mastery and gain a competitive edge. Business judge 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 incite by different factors. In todays world everybody require money to fill up their materialistic subscribes and wants. Money is also enquire for other puporses like medical treatment, childrens education,etc. Moreover, money is also comforting 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 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 study problem is scarcity of money. Thus, his theory is effective for motivating these people. It is queue that money is the pre-requisites for survival on this earth. Still, money drop pander only the extrinsic pauperizations. As it is said Money can by everything but not internal happiness. Maslow, a theoriser considers money as only a basic need and has it on the base of his pyramid of hierarchy of needs. He believes that as money - basic need is satisfied an employee needs tall order needs for motivation.His hierarchy of needs priortises self-actualisation consisting of recognition of work, short letter etc. as higher order needs. credit grade of good work is the pivotal pillar in motivating employees. Recognition of work brings an internal satisfacti on... ! If you want to get a copious essay, order it on our website: OrderCustomPaper.com

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