Does Money Motivate People? Name Institution Introductions Money has been a means rewarding workers for a very long time. There are many other incentives given to workers, such as free gifts, promotions and holiday leaves. Among those offered, money is considered to be the most important, because everything that a man needs for survival has the value of money attached to it…
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The question if money matters has been posed by many people. Many reputable scientists have argued that it actually depends on which society one is referring to. In other words, which historical period one is talking about. They refer to how people used to live some time ago. During the Stone Age period, there was no money. People used to exchange goods as a means of trade. This means that workers were paid by being given goods, such as food, jewelry and pieces of cloth to wear. They, thus, argue that there was no money and yet workers were motivated. Money is, thus, not considered a motivator by scientists, because even presently such agreements do exist. In some cases, they have referred to the African traditional way of paying bride price. Dowry is paid in form of domestic animals and not money (Blass, 2009). Wealth can be measured in many ways and the amount of money one has is one them. Every person does his best to gain wealth, but people perceive wealth differently. Some people regard material wealth more highly than money. These are the people who might not consider money as a motivator. Just like the traditional African society, some people in the modern would still prefer material wealth as a motivator rather than money. There are cases where employers have bought houses and vehicles for their employees as a means of appreciating their good work. The employees have ended up working even harder, because they have been motivated by goods. In other different cases motivation can be something much different from money. When a student is praised for doing well, that’s enough motivation and can make him to perform even better. Thus, money can be a motivator to some people , but not everyone. Does Money Motivate? Employers pay their employees money as a major means of motivation. This is the most common means compared to others and reminds one about Shaw and Gruptas article. It stated with the idea that everybody wanted money was just propaganda. It went on to say that it was circulated by wealth addicts who wanted to feel better about themselves. Other means used in organization to motivate employees include praises, promotions and giving employee’s gifts and presents. In the present world, people need money to carry their day to day activities (Collins and Moore, 1970). It is for this reason that Trade Unions are fighting tirelessly for workers to be paid a good salary. They fight for pay rise and good working conditions. Few organizations provide their employees with food at their work places. It is for this reason that employees must be paid well, so that they could buy food, because they cannot work on an empty stomach. The employees may also have other dependants, like families and friends. This implies that even if they are given enough food at work, it is not convincing for them not to be paid. Money is also used by employees to meet other basic needs that they may have. They need clothing to wear. Studies show that employees spend a large amount of their income to buy clothing in order to look smart. Other firms provide uniforms to their employees which they wear during working hours. Generally, they are supposed to be presentable in their places of work, thus, they need money to buy clothing. Shelter is another basic need that employees should have. They should, therefore, be paid money that will enable them
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(Does Money Motivate People Essay Example | Topics and Well Written Essays - 2500 Words)
“Does Money Motivate People Essay Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/english/1398590-final.
This philosophy is often propounded by those who want to minimize the value of people in the workplace. But practicing managers know that this is far from the truth. While it may be true that a number of human positions have been converted to mechanized functions; the value of people in any organization cannot be replaced.
Organizations adopt numerous ways and techniques to motivate its employees in order to increase the productivity. But not all techniques strategies yield positive results. There have been many theories that have been postulated over the years to explain employee motivation.
Motivation is an example of organizational initiatives that triggers behavior among employees. This paper seeks to discuss the role of money in motivation. The paper will explore the influence of money as a motivation factor and the relationship between the motivation factor, management, and improvement of organizational behavior.
Do welfare handouts motivate people to be lazy?
In the United States, social welfare systems exist to ensure healthy balance for people in different social-economic classes. In the United States, poverty is prevalent among some social groups depending on gender and racial affiliation.
There are other factors closer to money in the sense of motivation but money is topmost priority for most of the people to do work. Money is the basic need of every human being belonging to any group, gender, age and location. Different people have different views about the factors involved in motivation but still the effectiveness of money is always there.
n of this paper deals with such an evolving technology called MOST (Media Oriented Systems Transport) which is a high speed multimedia network to access multimedia devices on demand as stated in MOST.com (2008).
The second technology in discussion is VOIP. The Voice over
This paper shall look at factors that motivate employees to work hard, and it shall explore the various motivational theories. According to the economist’s utility model of individual behavior, an employee shall adopt that behavior that he expects to give him the greatest utility. Each employee shall demonstrate a behavior, which shall have both positive and negative consequences.
The value also represents the total number of variations of the model used. For instance, the coefficient of determination for the econometric model in quest is 0.958026537. This shows that there is 95.8% of variation of outcome of the econometric model. The
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