(Professor) (Subject) Employee Motivation – Money and other factors Introduction Employee motivation has been a subject of tremendous interest for many over the years. Tremendous research has gone into the subject to understand what motivates employees to perform to their best…
Download full paperFile format: .doc, available for editing
Extract of sample "There has been extensive research into whether employees are motivated purely by money, or whether there are other factors which"
Download file to see previous pages
One such theory is that employees are purely motivated by money. There are other theories that contradict this and argue that there are various other factors that motivate the employees and impact employee behavior. In this essay I evaluate both viewpoints and conclude my opinion on the debate. Motivation Before going on to see what motivates employees, it is first necessary to understand what exactly motivation is and the various motivation theories. Motivation is best defined by Armstrong (2002, p. 56) as a reason for a person to do something and move in a certain direction. Most people are motivated when they believe that a certain course of action leads to the achievement of a goal or results in a reward that satisfies a particular need. There are mainly two types of motivation: Intrinsic Motivation: This is motivation through work itself. This is a result of self generated factors which leads to people behaving in a particular way or particular direction. The various factors that are responsible for intrinsic motivation are creativity responsibility, challenging environment, scope for development of skills and abilities, growth opportunities, etc (Armstrong, 2007, p. 121). Extrinsic Motivation: Extrinsic motivation is inspired by what is done to or for people if they act in a certain way. That is, what is done to motivate people. These factors includes rewards such as pay, praise, recognition, raise and even punishments such as criticism, pay withholding, disciplinary action, etc (Armstrong, 2007, p. 121). Employee motivation depends on the individual. Each individual reacts to a situation in a different way and are motivated by different factors. Therefore, some employees are motivated by intrinsic factors while others are motivated by external factors. Money as motivator One of the very first theories that were published discussed how money is motivator for employees to perform better. It even concluded that money is the only factor that influences employee motivation. Research was conducted by Fredrick Taylor in 1911 and according to him employees worked only on money. The reason for this is that when employees were offered pay based directly on their performance or productivity, it was observed that productivity increased. 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. It is argued that financial rewards give employees an opportunity to secure their personal lives. Main motive behind employees to work is that they want to earn money to take care of their personal life and their families. If money is taken out of the equation, irrespective of what the job offers, no employee would be willing to work. Hence money is a vital motivator. Money may not be the only motivator but is definitely the most fundamental one. There is evidence from various researches that have proved that where financial rewards are offered, better is the productivity and the commitment of the employees. One of the best examples of this is how the changes in the pay system made a direct impact on the productivity and growth of General Electric. CEO Jack Welch’s strategy of greater rewards for those employees with better individual and organizational performance made motivated the employees and resulted in the revitalization of the organization (Rynes et al., 2004, p. 392). In a recent survey,
...Download file to see next pagesRead More
(“There has been extensive research into whether employees are motivated Essay”, n.d.)
Retrieved from https://studentshare.org/environmental-studies/1422794-there-has-been-extensive-research-into-whether
(There Has Been Extensive Research into Whether Employees Are Motivated Essay)
“There Has Been Extensive Research into Whether Employees Are Motivated Essay”, n.d. https://studentshare.org/environmental-studies/1422794-there-has-been-extensive-research-into-whether.
Cited: 0 times
CHECK THESE SAMPLES OF There has been extensive research into whether employees are motivated purely by money, or whether there are other factors which
It is evidently clear from the discussion that employees’ morale holds the key for the eventual decisions that are made for them when it comes to imparting training and the related facilities. There must be an effort to mobilize the employees more and more and seek from them a feedback mechanism so that their role comes out significantly well within the related context of training regimes. The formal mentoring schemes within the organizations of today are shaping up because there is a need to address the challenges which have come up. The employees know little with respect to social and personal pressures which engulf their domains and it is only natural to understand tha...
...to any other parts of the country. The southern part, on the other hand, has slightly higher temperature. The temperatures in Puerto Rico range from 70 to 90 °F in the lower regions. The higher and mountainous regions in the central part of Puerto Rico experience lower temperatures ranging between 61 and 80 °F all the year round (National Research Council (U.S), Committee on Atmospheric Sciences, 2000). The southern parts have a little higher temperature than the northern parts. This is because the southern parts of the country lies in lower attitudes compared to the northern side of the country (Kumar, 2007). Wind Puerto Rico in mainly affected by Persistent trade wind...
... Whether Or Not to Use Animals in Medical Research One pertinent question that faces the modern world is the use of animals for scientific experimentation. Most ideas that have to do with nature especially animals have been formed in the midst of the controversy. Every side of the argument has posed questions concerning man’s place with respect to these animals and the natural world. Most people arguing against the use of animals for medical research have based their arguments on the relationship between humans and nature philosophies as put forward by Peter Singer that humans do not exist totally above nature, with the focus basically on animals. Singer refers to most attitudes that humans possess towards animals as speciesism... that is a...
...Marketing Organization Marketing an educational and instructional instrument for toddlers and preschoolers requires extensive strategic research and promotions. It should consist of inbound and outbound divisions that work together towards a common goal: to produce sales. Oftentimes, marketing is misunderstood as a business activity that focuses more on the outbound aspect of marketing. Activities such as promotions, advertising, sales, and public and media relations are what people consider as elements of marketing. They usually miss the inbound part, how to acquire inputs coming from prospects and past customer for the product or service to be more attractive and sellable (McNamara,).
What the company...
...Introduction The importance of money as a motivator remains to be an issue that has attracted great academic attention. There are people who regardmoney as the greatest motivator, whereas some people consider it to be a secondary factor. No one can, however, deny the role of money in motivatingemployees. There are otherfactors 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,...
...Motivation and Money How would you respond to a manager who said, “Employees cannot be motivated with money”? Use at least, one content and one process theory of motivation to validate your response.
My response to the manager would be to agree with him/her to some extent and I would have to say that the statement could be better put as people can not be motivated by money alone. Money is a significant factor in motivating individuals but higher order needs of some people as well as the expectations of others may require the...
...equal employment opportunity, filling the current openings through interviews, training, resolving safety problems and providing benefits in wages and other increments. As a strategic human resource consultant for 1995 Auto Corporation based in Central Colorado, a company manufacturing emerging lighting systems for first responder vehicles, a HR policy needs to be put in place to resolve the issues of human resource and employee grievances need to be addressed with regard to extensive time off by employees and to develop a leave policy in consideration to employer and to extend harmonious relationship between employer and employees.
...of learning vocabularies is dependent on the factors. There is no superior strategy of learning vocabularies in a second language because they depend on the personal, task and environmental factors.
To identify the diverse strategies of vocabulary attainment
To examine the effectiveness of diverse vocabulary attainment strategies
To determine the requirements of the different strategies of vocabulary attainment in a second language
To explore the factors influencing the effectiveness of vocabulary attainment strategies
To evaluate the relationship of vocabulary attainment strategies with personal, environmental and task factors...
...fall in the pressure of the public to expedite the findings on the people involve. This consequentially gives wrong leads and the police might end up with the wrong people. The legal aspect is that the police might face liability later upon deeper findings on how the real culprits.
The editor or the news director must consider whether the rape victim is okay with the story being shared with other people. The rape aspect is a sensitive aspect and therefore requires the media to confide to the victim on whether to publish the story. Publishing the story without informing the victim is contrary to private life and amounts to unethical standards on a professional journalism career...
...Case-control Research Proposal: Investigating Association between Chinese Frozen Berries and HAV Infection in Australia Course
As of 2005, it was estimated that on any given day, an estimated 11,500 Australians suffer food poisoning. Combined, food poisoning cost the country approximately AU$ 2.6 billion; this figure must be higher today. Earlier in 2015, the Australian Department of Health reported that of the 65 cases of HAV infection that had been reported by then, 27 were associated with imported Chinese frozen berries. However, there hasbeen a documented scientific study to verify or refute the alleged association. Consequently, the...
10 Pages(2500 words)Research Paper
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"There has been extensive research into whether employees are motivated purely by money, or whether there are other factors which"
with a personal 20% discount.