Preview

Money Is a Motivator in an Organization

Powerful Essays
Open Document
Open Document
1230 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Money Is a Motivator in an Organization
We all work because we expect to get something in return. The returns differ from an individual to individual, particularly in the case of workplace. It is these returns that drive us to give our best terms of individual productivity. From your own experience, critically analyze “Money “as a motivator in an organisation.

Money motivates different people to do different things. Depending on a person's deepest desires, money will bring it to the surface. Money motivates us because it is a way for us to bring our dreams to fruition. Money inspires us all to go to the next le
People are motivated by different things. Some employees have financial goals, others have professional goals, and others have personal goals. The same incentives cannot work for all. This essay outlines some of the reasons why cash is always a suitable motivator for excellent employees.
The primary reason why people have to work is because of money. Employers know this, and many companies reward outstanding employees with bonuses and cash rewards. In this essay, I will show that most people are motivated by money, and cash is a fair and effective way for management to show appreciation to hardworking staff.
In the workplace today, we are also finding a similar trend occurring. Money is the reason behind the choice made by countless men and women today to farewell their love ones and colleagues to seek better paid job opportunities overseas. Engineers making the move overseas, nurses are shifting their focus beyond their national borders to seek better wages. Motivated purely by the concept of higher salaries.

The motivating powers of money are also drawing the attentions of professional sport stars. Soccer and rugby players are a good example, where they grasp every opportunity to play for the ‘highest bidder’, which unfortunately sees a lot of great talent leaving the country. Have they forgone the opportunity to pride fully play for their own country just for the sake of more money?

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Money is the motivating factor for most people nowadays and people will do almost anything to get it. Increasing your wealth has become a necessity in today’s materialistic society and continues to spread. People…

    • 323 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Motivation and Employees

    • 2237 Words
    • 9 Pages

    It has been suggested that “financial rewards do not guarantee more productivity, but paying attention to employees’ motivational needs does” and that “managers need to pay less attention to financial incentives and more to the actual motivation needs of their employees” (Sunday Business Post 2012). This is further supported by the results of the 2011 Mercer’s What’s Working survey where “being treated with respect, a work-life balance, the type of work undertaken … were ranked ahead of overall compensation” (Sunday Business Post 2012).…

    • 2237 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    NBA contracts and incentives

    • 2533 Words
    • 11 Pages

    As we have seen in class, sometimes the companies need to motivate their employees in order to achieve the goals that interest the company. As we know one of the best motivators (to achieve good things or correct bad things) is the money.…

    • 2533 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    If someone does not get paid enough to provide food and shelter for his or her family, he or she is not going to be motivated by a ‘thank you’ card. On the other hand, when an employee has fulfilled the needs associated with one level, he or she is no longer motivated by the factors that are associated with the levels below (Hawks, 2011). For example, the employers in high-ranking positions of power are rarely motivated by money because their financial needs are already met. However, positive reinforcement may increase his or her self-esteem, thus increasing his or her performance level. If employers want their employees to perform at higher levels, it is vital for them to understand how they are motivated. By putting the reward structure in place to motivate employees, employers can create an environment that will encourage their employees to succeed (Hawk,…

    • 1459 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Money is on peoples minds all the time; I feel that it is a great motivator. Especially for the short term. People want to be rewarded for the work that they do. And giving them a pat on the back is nice but it doesn 't put food on the table.…

    • 940 Words
    • 4 Pages
    Powerful Essays
  • Better Essays

    In business world, motivation for employees in an organization is one of the facts of how effectively and efficiently tasks are accomplished. Motivation is the process that accounts for an individual’s intensity, direction, and persistence of effort toward attaining a goal (Robbins and Judge, 2006). Every individual is different with different personality and background and it is very important for the management to understand what can motivate and satisfy each individual in the organization that can help their performance boost into a cohesive and effective workforce. Different kind and level of motivation can influence work performance and result in job satisfaction in their organization; it is commonly believed that the most satisfaction is directly tied to the money that the employees are receiving. Promotion is another big motivation for the employees which are also related to money. Other than money reward or promotion, Quast (2012) recommends five tips to management for motivating employees.…

    • 1446 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Is Greed Good

    • 682 Words
    • 3 Pages

    For employers and entrepreneurs greed is an essential. They require that their workers and employees have enough desire to keep their job and the money that they deserve. How much money they deserve is based off the strength of their work, and their progress towards the improvement of the product, or costumer satisfaction. The comedy Office Space is an example. Peter says while being asked about his work effiency “It's a problem of motivation, all right? Now if I work my ass off and Initech ships a few extra units, I don't see another dime” In…

    • 682 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Motivating Employees

    • 2767 Words
    • 12 Pages

    Motivational theory is an important part of a business education for professional today. Though it stems from psychology, motivation deals with people, as does management. This paper will cover basic employee motivations and offer suggestions for motivating employees. What motivates employees and what part dies motivation play in today 's workforce? Some people believe they are obligated to do their best at their job simply because that is what is expected of them. On the other hand, there are those who merely do enough to get by and receive a paycheck. No matter what type of employee, organizations need to understand the concept of motivation, which comes in a variety of forms such as monetary benefits, perks or recognition within the corporation. Motivation also leads to higher productivity and greater profit – two major goals in business. The key to unlocking peak performance from employees is the concept of human motivation. And the key to motivation revolves around one fundamental principle: "What 's in it for me?"…

    • 2767 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    It has several methods to motivate people to work hard in companies. These methods can be divided into two groups: financial methods and non-financial methods. Financial methods include commission, bonus, profit sharing and the like. Non-financial methods mean other ways to encourage employees without money, such as a better working environment, friendly colleagues and respect from the boss. Nowadays, an increasingly number of companies pays attention to the ways which can stimulate people. Some people think that financial methods are the best way to motivate all workers. However, financial methods of motivation are not always the most suitable way to motivate workers, and moreover not all workers. It depends on the working environment which each worker finds. This essay will first explain that money is useful to some people, and then extent to that other ways to encourage people will be examined by looking at some examples.…

    • 803 Words
    • 4 Pages
    Good Essays
  • Best Essays

    There is one important thing which is motivating the employees efficiently to facilitate the enterprises to carry out the organization’s targets and purposes. (Wood et al, 2006, p78). In this case, it is very important to find out what motivate the employees to make good performance in their work. Some people believe that money is the key factor to make people do their best in work. However, there are some theories like Maslow’s hierarchy of needs theory, Alderfer’s ERG theory, McClelland’s acquired needs theory, Herzberg’s two-factor theory, Equity theory and Expectancy theory provide evidences to show that the employees are motivated by other factors such as intrinsic matters rather than the pursuit of money. According to the some studies, some nonfinancial motivators are more effective than financial motivators in motivating the employees in the long - run. (Dewhurst, Guthridge, Mohr, 2009). In my opinion, people make good performance in work when they are motivated by a sense of purpose instead of the pursuit of money. In this article, there are several reasons are provided to explain why the money is not the key factor of the motivation whereas…

    • 1939 Words
    • 8 Pages
    Best Essays
  • Good Essays

    In the 1960's, Frederick Herzberg told us that money is a lousy motivator. I have to disagree with this theory, based on the reasons people get jobs and my own personal working experience. There are many reasons people do get jobs, but most of the main reasons still stem back to money, whether is health insurance, free services through the employer, or the actual pay itself. There may be other types of motivators as well, but the main reason that person went to get a job in the first place is usually to have money to support their family and/ or their needs.…

    • 852 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Money, Money, Money!

    • 382 Words
    • 2 Pages

    To sum up, the power of money, and providing substantial opportunities for social contact, education, and better health are conspicuous reasons why people have started only thinking about earning much more money these days. In my opinion, many individuals are willing to have money’s obvious benefits; thus, we cannot deny that it is a justifiable desire!…

    • 382 Words
    • 2 Pages
    Good Essays
  • Good Essays

    In addition, money is difficult to determine the standard of employees’ performance. Money only forces the employees to do the work but does not motivate in actual fact. If there is no extra money to award them, their working performance will drop. Psychologists have been finding that rewards can lower performance level, especially when the performance involves creativity (Kohn, n.d.). Most of the projects given by the employers require the creativity of employees. Yet, if the employees work for money, then their creativity will be limited. This is because they think that no matter what results they come out with, their employers will also pay them. Thus, money will not boost up the performance level of employees.…

    • 445 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Money can influence the performances of people only under certain conditions. Different things motivate people. Some employees have monetary goals, others have professional goals, and others have personal goals. The identical incentives cannot work for all.…

    • 341 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Basically, employees work because of money and they desire to receive fair wages and salaries for their contributions. Whereas employers want their workers to feel that is what they are getting and at the same time wish to maximize firm value. Hence, it is rational that employees and employers perceive money as the basic incentive for satisfactory job performance.…

    • 2997 Words
    • 12 Pages
    Powerful Essays

Related Topics