Nobody downloaded yet

Is Money the Primary Motivator - Assignment Example

Comments (0) Cite this document
This paper highlights that various researchers have proposed their own factors that motivate employees, some give precedence to money over other factors and others are of the perspective that money is not the primary motivator. For example, McClelland proposed the theory of needs…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.8% of users find it useful
Is Money the Primary Motivator
Read TextPreview

Extract of sample "Is Money the Primary Motivator"

Download file to see previous pages One of the compulsory functions of human resource department of any organization is to retain employees. They believe that employees can be retained if they are paid higher wages is completely a myth, if this would have been true then highly paid members of an organization would not have left their jobs for better positions and learning opportunities In this writing, the focus will be on the factors that motivate employees and how managers can use these factors to get the work done from employees.
Currently, the economic conditions throughout the world are experiencing a downward sloping curve, organizations are finding it difficult to make profits and due to the decrease in profitability, they have even cut down on employee wages. Even under these economic circumstances, several employees stay loyal to their organizations and are even ready to work for lower wages.
This is because the organizations they are working in are providing them with opportunities to learn and opportunities to develop their knowledge, skills, and abilities and are helping employees in advancing their careers. While making managerial decisions regarding recruit, selection, and retention, managers need to know that money can purchase the best employees in the industry but money cannot surely purchase employee loyalty.
There are several methods through which employers can attain the target of motivating employees, one such method is the management of human value, which is defined as the creation of value with the assistance of people and delivering value to people. The environment has become very inconsistent and changes are taking place at all times, this means that one fixed approach cannot be used by organizations while they operate or while they motivate employees. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Is Money the Primary Motivator Assignment Example | Topics and Well Written Essays - 1500 words, n.d.)
Is Money the Primary Motivator Assignment Example | Topics and Well Written Essays - 1500 words. Retrieved from
(Is Money the Primary Motivator Assignment Example | Topics and Well Written Essays - 1500 Words)
Is Money the Primary Motivator Assignment Example | Topics and Well Written Essays - 1500 Words.
“Is Money the Primary Motivator Assignment Example | Topics and Well Written Essays - 1500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Is Money the Primary Motivator

Money Landry

... conditions as well as culture prevailing in it. This research tends to identify the specific factors that are responsible for the growth and strengthening up of the money laundering in a country. Moreover, this research aims at determining the most cost effective and useful way of controlling money laundering in a country. The research will compare the differences in the causal and restraining factors determined between a developed and a developing country to analyze the influence of economic strength on money laundering. Research objectives: This research has three primary objectives: 1. To study the effects of money laundering on a nation’s economy. 2. To study the factors promoting the growth of money laundering in a nation. 3... ...
3 Pages(750 words)Research Proposal

Money Laundering

...?[Your full December 8, Money Laundering Introduction According to the Article of the 1990 European Communities (EC) Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime (Council of Europe), the term money laundering is defined as: The conversion or transfer of property, knowing that such property is derived from serious crime, for the purpose of concealing or disguising the illicit origin of the property or of assisting any person who is involved in committing such an offence or offences to evade the legal consequences of his action, and the concealment or disguise of the true nature, source, location, disposition, movement, rights with respect to, or ownership of...
7 Pages(1750 words)Term Paper

Money as a motivator

...Money as a motivator Our modern world appears to be moneymaking. It is not prestigious not to have money today. A life without money is not a real life. In today's business world people think out a lot of methods to get money. Money can encourage us to do many things. However, is money a key motivator in our aspiration to get it at all costs There is an important question, which it is necessary to answer: "What motivates me" Various things serve as motivation for different people. All of us have our own "chords". And if you are in spiritual search I am sure, that everybody will try to make the list of his own stimuli. So, what great motivating factors should be defined According to Jim Rohn, besides obvious desire to increase... attention...
4 Pages(1000 words)Essay

Pay as Motivator

...that money is important, but there are others of greater value that managers need to know about workers so they can trigger the right behaviour. Fifteen years (1953-1968) of research concluded that to motivate others, one has to find out why people do the things they do. And now, some four decades later, as researchers continue investigating the human psyche in search of answers, the list of motivational levers just keeps on getting longer. Pay has never been near the top of the list, superseded by more important ones like job security, the loftiness of goals, and the meaningfulness of work (Ambrose and Kulik, 1999; Gagne and Deci, 2005). Are these findings supported by empirical...
6 Pages(1500 words)Essay

Administrators role as a supervisor and motivator

...Administrators role as a supervisor and motivator Administration is the process of coordinating many, often conflicting, social energies in a single organism so adroitly that they shall operate as a unity. This presupposes the power of recognizing a series of relations between numerous special social interests, with all of which no single man can be intimately acquainted. Probably no very highly specialized class can be strong in this intellectual quality because of the intellectual isolation incident to specialization; and yet administration or generalization is not only the faculty upon which social stability rests, but is, possibly, the highest faculty of the human mind. We are now in the midst of the greatest period of change... if...
11 Pages(2750 words)Essay

Ahmed bin Saeed Al Maktoum as motivator

...Ahmed bin Saeed Al Maktoum as Motivator Al-Alawi, S. . Global Markets. Weekly Market Summary. Retrieved on November3, 2012 from < > The essay highlights the economy status of Dubai and recognizes Ahmed bin Saeed Al Maktoum as the chairman of the Dubai Supreme Fiscal Committee. The financial index of Dubai had risen by 3.63% at the beginning of the week and was expected to be reduced to stabilize the economy of the country. The source shows how significant Ahmed bin Saeed Al Maktoum is important in the managing the economical status of the country (Al-Alawi, 2012). He is in charge in ensuring of the committee produces good result but directing and innovating ideas... favorably...
4 Pages(1000 words)Annotated Bibliography

Primary Nursing

...College Introduction A primary nurse is responsible for 4-6 patient full times. Started in the 1960’s, this branch of nursing has undergone a lot of transformations in terms of efficiency and in turn has influenced nursing in a lot of ways. Understanding the history of primary nursing is vital to the understanding of the various transformations that have been seen in this particular nursing field. There are a lot of negative as well as positive challenges that primary nurses have undergone over the years to make this branch of nursing a success. This paper critically examines various literatures that have been written in regard to this topic and uses this literature to come up with...
8 Pages(2000 words)Essay

Social Pressure Is a Better Motivator Than Money

...Managers can motivate their employees through different means, not just with money Motivating employees in the contemporary dynamic work environment where change has become a norm is a challenging task for the managers. Managers in different organizations try a variety of means and methods to motivate the employees utilizing the resources they have at hand. According to one perspective, managers can only motivate the employees through monetary means. Although money is a very important driver of motivation and is a preferred choice of a vast majority of employees, yet establishing money as the only driver...
3 Pages(750 words)Essay

Primary Research

...3711 Campus Drive, APT 320 College Park, MD 20740 November 11, John Donnelly Head of Human Resources JPMorgan Chase 500 Stanton Christina Newark, DE 19713 Dear Mr. Donnelly, As an Economics student of the University of Maryland, College Park who expects to graduate in December 2015, I have experience as an auditing intern where I helped my company, Jinchenglixin Accounting Firm, in auditing three firms last January 2014. I am writing to apply for your 2015 Finance Analyst Development Program which I found on the Careers4Terps database. JPMorgan Chase & Co. has a Finance Analyst Development Program that offers its interns the opportunity to be strategic partners across different business areas and functions. I am interested... Campus...
2 Pages(500 words)Research Paper

Why is money not the best motivator for a company to utilize

...Money is Not the Best Motivation For A Company to Utilize Motivation has previously been defined as processes and ways which in which an individual attain a given goal by utilizing direction, intensity and persistence in performing a given task. The three elements of direction, intensity and persistence go hand in hand. Hard work needs to be directed in the right direction required in a company, and the persistence ensures the continuity of success in the company. Many people view money as the best way for a company to utilize to motivate its employees. Considering the definition of motivation, this assumption will not necessarily be...
4 Pages(1000 words)Book Report/Review
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 Is Money the Primary Motivator for FREE!

Contact Us