The effectiveness of money as a motivator

Motivation is defined as the processes or drives that cause batch to move in a certain way. Motivated employees results in improve efficieny, increased productivity and enhancement of quality. Thus, actuate the employees is of utmost(a) meaning in a business endeavour to fulfil mastery and gain a competitive edge. Business stress 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 cause by different factors. In todays world everybody require coin to fill up their materialistic subscribes and wants. Money is also posit for other puporses like medical treatment, childrens education,etc. Moreover, money is also lusty 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 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 conform that money is the pre-requisites for survival on this earth. Still, money apprize indulge only the extrinsic deficiencys.

As it is said Money can by everything but not internal happiness. Maslow, a theorizer considers money as only a basic need and has it on the base of his pyramid of hierarc hy of needs. He believes that as money - ba! sic need is satisfied an employee needs mellowed order needs for motivation.His hierarchy of needs priortises self-actualisation consisting of recognition of work, line etc. as higher order needs. credit rating 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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