Money plays an importance role in satisfying these needs therefore, management can use financial incentives for motivation money helps in satisfying the social needs of the employees to some extent because money is often recognized as a basis of status, respect and power.
Based on the above theory and facts, in emphasizing the importance of money as the biggest motivator, we are not saying that money is the only important motivator but money play a key role in motivating people especially among the low achiever. Money motivates people, and extra money motivates people to work extra employees compete to raise productivity or standards it is not always possible to promote people, so money is a simple way to reward workers.
Money as a motivator at work essay table of contents: 1 introduction 2 money and motivation 1 motivation of the personnel 2 money, stimuli and employers 3 the true “picture” 3 conclusion does “if you pay peanuts, you get monkeys” principle still work introduction.
Money plays an important role in motivation managements make use of financial incentives for example wages and salaries, bonus, retirement benefits, health insurance, medical reimbursement, etc to motivate employees however, these incentives may not always be motivating.
Money motivates me to do lots of things, as it does you, and a lot of money would motivate me to do things that i wouldn’t do for less the reoccurring incidences of wages disputes and industrial strikes that have loomed society also offer a proving point as to why only money motivates. Employers know that money is one of the best motivators however, are bonuses or cash awards always the best way to reward employees in this essay, i will look at some of the arguments for cash as a reward intro 2 in the past, when people did not have much money, they were eager to work and to get a big salary. By all means yes, money definitely plays a major part in motivating human resource, as far as motivation factor is concerned, that too in the work place.
With the high value attached to money, it connotes an idea that money is a motivation for people for this paper, it will be discussed thoroughly in three areas: psychology, management and education whereas arguments are supported by good examples found in literature which demonstrate the use of money as motivation.