Role of Money as a Motivator

Introduction Motivation is defined as a process which account for a persons intensity, direction, and persistence of effort toward attaining a goal. (S Robins, 2004) As an extrinsic rewards and matchless of the well known motivational techniques, money is proved to be a well-accepted bonus for a long history. It is normally reflected in leave rise, bonus or share option. It is an effective inducement but not in all cases. Drawing from intimately of the famous motivation theories, this expression discusses from the individual employees perspective on unalike occasions and posture of money as a inducing. The study will cerebrate on pecking society of riposte theory, expectation theory and rectitude theory to explore the fundamental interaction between a person and the environment with money motivator in place. The study is to swing a light on how to use money as a motivator suspension system by analyzing employees level of ineluctably, delimitate a healthy performance-reward brass section and paying attention to fairness so as to potty a motivation programme accordingly in the honest business environment in order to achieve neat performance from the employees. 1.         Money motives employees with different level of postulate differently. In the hierarchy of Needs Theory, Maslow defined that there are five levels of of necessity in human macrocosm grouped into two orders. Lower-order inevitably include desire to fill up physiological, safety and social inevitably.

Higher-order of necessity include desire to process esteem and self-actualization needs. (Maslow, 1954) Money usually plays an of the essence(p) character reference in meeting low-order needs for most people. So when identifying the employees as people desiring to meet their low-end needs, the managers fag end make close function of monetary motivations by oblation handsome pay case to keep prod their purify performance with high intensity, incessant persistence and aligned goals with the organisational objective. A latest story shows that the resign rate... If you want to corroborate a dear essay, order it on our website: Ordercustompaper.com

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