Money and Motivation |
Posted: November 30, 2017 |
Many managers tend to put money at the top of the motivators scale.On the other hand, behavioral school scientists tend to put it on the last levels of this scale. None of the Views May Be Right.First of all, because money as such tends to be more important for the young, especially for those who are constituting a family, and still have many unmet needs. For people who have already reached their life goals in the sense of their needs, money may no longer be that important. Money is an immediate instrument for attaining a "minimum" standard of living, although this pattern tends to rise as one becomes richer. For example, a person who used to be satisfied with a small house and a simple car may now want a bigger house and a luxury car. Why It’s so Important?However, we can not generalize even in these terms. For some people, money will always be of the utmost importance, while for others it may never be.
There are controversies! For employees at the bottom of the pyramid of the organizational hierarchy, any extra financial incentive is a strong motivating factor, as they still have difficulty meeting their needs at lower levels according to Maslow's studies. Generally, for salaried employees in the middle of the organizational pyramid upwards, financial incentives are less motivating compared to the set of other benefits that can be discussed. There may be variations in the level of values that are linked to the professionals of the sectors that generate business for the company, generally, for these professionals, financial incentives are motivating factors.
It is not! Here we enter a field of discussion where several types of research that confronted choices of benefits at work point out that money is not the most important for a large portion of workers. Showing that it can be a big mistake for a company to the only bet on financial incentives as an element of motivation in companies to the detriment of other benefits. As we see money is fundamental to maintain the relationship between company and employees and we also realize from the above that financial incentives, when applied with criteria and inappropriate working conditions, are one of the motivating factors in companies. To see more of fast instant cash loans visit more websites! We can thus verify that the greatest factor of motivation in the companies continues being the work itself and the conditions that surround it!
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