Pay as Motivator - Term Paper Example

Money as motivator One of the very first theories that were published discussed how money is motivator for employees to perform better.... This resulted in greater productivity and proves the fact that money is an important motivator.... There are various other researches that were conducted in order to prove the role that money plays as a motivator.... Hence money is a vital motivator.... Money may not be the only motivator but is definitely the most fundamental one....

Another important theory of worker's motivation is Herzberg's motivator –Hygiene theory.... Case Analysis: Montego Bay Name: Institution: Case Analysis: Montego Bay Montego Bay is a retailer selling unique women's clothes in an upscale outdoor mall in Pasedena.... The manager of the store, Lisa Mahoney, is discouraged by the decrease in sales that were down 3....

The paper "The Factors That Influence the Determination of the pay" states that pay is a major driver used by the companies to retain and motivate employees.... Companies should be really careful in the way they make use of pay because employees can get really sensitive when it comes to their pay.... This paper will discuss the objectives of pay, the factors that influence the determination of the pay and the various forms that pay can take place....

The paper utilizes the Herzberg Two Factor Theory and Expectancy Theory while explaining the arguments in favor and against the effectiveness of money as a good motivator.... he importance of money as a motivator over other factors has always remained to be a debatable issue.... There are views that suggest the significance of money as a dominating motivator, whereas there are also some instances that provoke one to think about the other factors and their power to motivate people to work and perform in a better manner....

So, their personality works as a main motivator to optimize their performance.... In the paper “Levels of Needs in WheelWorks, Inc.... rdquo; the author analyzes the five levels of employees' needs: physiological, safety, social, esteem, and self- actualizing.... In the case of Boston based cycling store, Wheelworks, the physiological need of the employees is aptly met....

The failure of extrinsic rewards is even more obvious in executive positions as incentive systems had very weak or negative correlations to corporate profits as at higher incomes, prospect of more money fails to be a motivator.... Merit pay has also failed as a motivator of performance as few managers feel that higher pay would make them work harder.... herefore, intrinsic rewards such as training and goal-setting is a much stronger motivator of performance....

Having said this, I would like to say that safety, belonging, esteem and actualization needs are most closely linked to the notion that pay is actually a good motivator.... owever, I would like to state that physiological needs can be closely associated to the claim that pay is not a good motivator.... So, the statement that pay is a good motivator is supported by the motivators (ShaCofer, 2012).... As explained, pay is a true motivator because it motivates employees and enables them to improve their productivity....

One is that workers are motivated best by a system of external rewards (extrinsic motivators), such as monetary and… Monetary rewards are given by company representatives to employees in form of accrued vacation days, bonuses, pay checks, gift cards, compensation packages, or other things with cash value.... Monetary rewards are given by company representatives to employees in form of accrued vacation days, bonuses, pay checks, gift cards, compensation packages, or other things with cash value....