The effectiveness of money as a motivator

Motivation is defined as the processes or drives that cause people to light upon in a accepted way. Motivated employees results in meliorate efficieny, increased productivity and sweetening of quality. Thus, motivating the employees is of extreme meat in a backup endeavour to achieve success and gain a private-enterprise(a) edge. Business seek to motivate their employees by financial and non-financial factors. Motivation depends on a persons interest, experiences, involves and attitudes towards life.hence, different people nuclear number 18 motivated by different factors. In todays world everybody require coin to fill up their materialistic subscribes and wants. Money is also need for otherwise puporses like medical treatment, childrens education, etc. Moreover, property is also substantial subsequently retirement and for security. Thus, bills fag be seen as the exactly factor that motivates an employee. This is consistent with F.W. Taylors motivational surmise. He believed that - a comme il faut days net for a fair days serve i.e. a high-priced salary for obedient performance is motivating. However, his theory is based on seek on workers which belong to the reject socio economic group. This groups major line of work is scarcity of funds. Thus, his theory is in effect(p) for motivating these people. It is adjust that notes is the pre-requisites for survival on this earth. Still, bills can satisfy further the extrinsic of necessity.

As it is express Money can by everything but not infixed happiness. Maslow, a theoretician considers money as only a basic need and has it on the base of his pyramid of pecking cabaret of needs. He believes that as money - basic need is pleasant an employee needs high point needs for motivation.His hierarchy of needs priortises self-actualisation consisting of recognition of work, office etc. as higher order needs. credit rating of proper work is the pivotal towboat in motivating employees. reference of work brings an internal satisfaction... If you want to get a racy essay, order it on our website: Orderessay

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