Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Money reward is superior to any other motivational incentives - Assignment Example

Comments (0) Cite this document
This is even if the resources that an organization is controlling are unlimited. This is a question that has seen a considerable number of debates amongst the stakeholders of an economy, and business magnates. Whiteley (2002) explains that…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
Money reward is superior to any other motivational incentives
Read TextPreview

Extract of sample "Money reward is superior to any other motivational incentives"

Download file to see previous pages However, Thomas (2000) explains that without good working conditions, it is impossible for high salaries to be a good motivator to the employees of an organization.
Thomas (2000) therefore explains that, the link between compensation, performance and motivation is very complex, and difficult to understand. Research indicates that if people were left to decide on how much money they should earn, then chances are high that they would not get satisfaction in their jobs. Human resource experts, who advocate for money as a motivator, also accept the notion that money alone cannot act as an effective motivator. Other factors such as a good working environment, cooperation between employees and the management, ability for growth are other motivational factors that are effective in increasing the morale of workers.
The basic question to ask in this debate is on whether money plays a role in making our jobs enjoyable or not. Furthermore, the question to ask is whether high salaries play a role in motivating or de-motivating the employees of an organization. Whiteley (2002) explains that in as much as money is not the major motivator, in an organization, lack of good salaries can become a de-motivator. We are living in a capitalistic world, where everything we do, is monetized. It is very difficult to survive without making good money, or earning a good salary. The social status of an individual is also motivated, based on the kind or amount of money that he or she earns. It is based on these factors that employees of a business organization normally want to be paid high salaries, or a decent income for their services to an organization.
Whiteley (2002) explains that a good theoretical framework that explains the importance of money is the Hierarchy of Needs theory, formulated by Abraham Maslow. The second level of these needs is security. Maslow explains that employees of an organization always have a ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Money reward is superior to any other motivational incentives Assignment”, n.d.)
Money reward is superior to any other motivational incentives Assignment. Retrieved from
(Money Reward Is Superior to Any Other Motivational Incentives Assignment)
Money Reward Is Superior to Any Other Motivational Incentives Assignment.
“Money Reward Is Superior to Any Other Motivational Incentives Assignment”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Money reward is superior to any other motivational incentives

Organisational Behavior and Analysis: The Importance of Motivation

...motivators. In this regards, a conspicuous interpretation denotes that the financial rewards can reduce the intrinsic motivation of employees to involve in organisational tasks. Basically, the major concern in this context is that, although money, pay, compensation motivate employees to perform any activity; however, the motivation tends to lose its value when the financial rewards break. For instance, if an employee enjoys additional performance, rewarded with money, the entitlement is that he/she will enjoy lesser while performing if the rewards are...
9 Pages(2250 words)Literature review

Respondeat Superior

...?Respondeat Superior College Introduction The doctrine of respondeat superior got its origin in England. It was established to clearly state the legal liability of an employer for the actions of an employee. The United States of America later adopted the doctrine and has been an element of agency law. It gives a way for a complainant who got injured or affected in any other way at the course of employee duty to recover damages, because under this doctrine, the employer is liable for the damages caused by an employee while undergoing duty at the place of work. The paper will analyze the importance of these legal doctrines, the role it has played in the employment sector as...
4 Pages(1000 words)Research Paper


...? Incentives in employment sector Introduction According to Bentley McLeod, contracts have become one ofthe key elements on the employment sector especially in the current world (Para 2). Most companies have currently employed a method with the main aim to motive their workers. For instance, in U.S teachers are being awarded with promotions and other benefits as a form of motivation based on their work track records. However, some argue that such practices end up resulting to financial crisis around the globe. Basically, incentives are benefits that are offered with an aim to encourage an employer according to the work they have done. As much as...
6 Pages(1500 words)Essay

Respondeat Superior

...College: Respondeat superior is a legal principle that holds employers answerable for the malpractices of their employees. In health care institutions, an organization can be held answerable for their employee's negligence even when the cat can clearly be traced back to one employee and there is enough evidence to clear the organization of any wrongful conduct. Legally, for respondeat superior to be effected, there should be a master-servant relationship between the employer and the employee. Moreover, the legally breaching act must have occurred when the employee was in his or her line of duty (Institute of Medicine, 2004). The policy can only be implemented successfully in institutions...
3 Pages(750 words)Article

Employee Reward (Executive Reward)

...the CEO is directly related to the performance of the employees in a magnitude compared to the others. Whereas in the European Union the corporations have fixed remunerations which come in the form of performance shares or stock options which have amounted to 30 percent of the total compensation (Shin, 2013). The leave and the pay structure are composed in such a way that the rewards and incentives are distributed as per the performance of the individual employees (Rahimi, Damirchi, and Seyyedi, 2011). One of the prime objectives behind the alteration in the pay and incentive structure is the imbalance generated by an universal banking model that needs to be revitalized...
11 Pages(2750 words)Essay

Superior Foods

...the recent market changes and reasons that have compelled the international food producer and exporter to take tough decisions to restore competitiveness in food industry. This would help making workers mentally prepared about any expected negative news from strategic planners. Then, I would convey the bad news so that workers could assimilate this shock and accept the motives behind that decision. Finally, the message would end on a positive note with a reassurance to valued employees that they could rejoin Superior Foods after relaxation in bans and improvement in business prospects. Answer 3: As you all know that our company Superior Foods pay special attention...
4 Pages(1000 words)Essay

Financial Incentives

...Case Study Financial incentives put a value on the accomplishment made by the member of staff. It serves to encourage brilliant and capable but unenthusiastic employees thus raising their efficiency. In addition, it creates healthy competition among workers thus increasing the turnover. It motivates an employee to focus on the target set. It leads to the attachment of the individual to the company, therefore, growing their level of commitment. Moreover, it links additional productivity with added pay. The other merits of financial incentives are to serve as the machinery of attracting other expert workforce and motivating workers to put...
2 Pages(500 words)Essay

Investigate whether some vocabulary learning strategies are superior to other

...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. Research aims 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 Research Question (s) Is there the most effective strategy of learning...
2 Pages(500 words)Outline

Consumer Incentives

...Consumer Incentives The role of public policy in healthcare s constitutes setting quality and safety standards for healthcare contexts, providing guidelines for educational requirements for handling patients, and monitoring healthcare financing and delivery. The economic challenges of running a nursing home include risk and uncertainties, complexities related to insurance, the pressure to reduce costs, rapid and confusing course of technical and institutional changes, and perils caused by information asymmetries. All citizens demand healthcare services; therefore, the government intervenes by supporting healthcare facilities (Lee, 2009). The government may give economic incentives to healthcare providers through tax-free imports... Incentives...
1 Pages(250 words)Essay


...Reward Place Introduction Within a democratic society, there is no more important right for a man and woman that the right to work fora livelihood (Berger 1971). Despite many impacts of economic and social rights, in terms of employment the trend can be illustrated by such objective as respectful attitude to all human beings of all race, nation and sex. These rights are being reinforced by such conventions as ILO Declaration on Fundamental Principles and Rights at Work (2006) that in the modern days are covered with numerous evidence of discrimination in terms of labor rights provision. Thus, in reality, women face a lot of challenges within the labor relations. They are discriminated from certain employment, from private...
7 Pages(1750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Money reward is superior to any other motivational incentives for FREE!

Contact Us