Employees cannot be motivated with money? - Essay Example

Only on StudentShare

Extract of sample
Employees cannot be motivated with money?

This paper argues that money is a good motivator and stands against the claim that money cannot motivate employees. It also elaborates how money motivates the employees and increases their work efficiency. The paper utilises the Herzberg Two Factor Theory and Expectancy Theory while explaining the arguments in the favour and against the effectiveness of money as a good motivator.
The importance of money as a motivator over other factors has always remained to be a debatable issue. There are views that suggest the significance of money as a dominating motivator, whereas there are also some instances that provoke one to think about the other factors and their power to motivate people to work and perform in a better manner. The view that 'money cannot motivate employees' is based on the idea that employees can be motivated to work if the job enhances their satisfaction, social status, responsibility and achievement etc with the help of better working environment, company policies, promotion and growth prospects etc, rather than just money.
Herzberg describes this approach in the two factor theory (motivation and hygiene) which supports such a point of view. He elaborates that there are factors that in actuality lead to satisfaction (motivators) and other ones are the factors which preclude dissatisfaction (hygienes). ...
Download paper


The importance of money as a motivator remains to be an issue that has attracted great academic attention. There are people who regard money as the greatest motivator, whereas some people consider it to be a secondary factor. No one can, however, deny the role of money in motivating employees…
Author : abauch

Related Essays

Power of Money
The psyche of the people has been affected and they are driven by wealth and strongly relate wealth with happiness. This paper will shed light upon the power of money and what it can buy. Money can change people: Money has the ultimate power of changing the people, some for good and some for not so. Warren Buffett is one of the richest people in the world; he has donated billions of dollars and continues to stun his employees with his sagacity and his nature. Money has not changed him as a man; he still resides in a very small house considering the wealth he has accumulated over the years....
5 pages (1255 words) Essay
How motivated are female students, towards academic success, and career attainments? The effects of gender inequality amongst fe
Gender mainstreaming in the education and economic development sectors of the economy is redefining how education is being conducted in different regions of the world, in efforts to curb gender inequality (World Bank, 2003, p.4). The education system in the UK has enhanced the aspect of gender parity since early 1990s when both boys and girls of between ages 5 – 11 had access to education till they attained 14 years. This change has contributed to the increase in number of girls enrolment in schools at all levels to approximately 49 to 52 percent (UNESCO International Bureau of Education,...
16 pages (4016 words) Literature review
sociology statistic paper - introduction, literature review and hypothesis
Life satisfaction is affected by income, sex and marital status. Strong association exist between income and health, health indicators are used to perceive the general health. Health gives mental and physical fitness hat is very necessary to do work well at the job (Stronks, et al. 592-600). Woman’s jobs are most difficult but they are more satisfied than man and their income also greater than man’s income. For the identical job men and women has different level of satisfaction and salary expectations, woman has more job satisfaction and salary expectation (Clark, Andrew 341-372). African...
4 pages (1004 words) Essay
Money Management
The paper leads the reader to understand that the individualization of finances, though leading to a real sense of autonomy, could still leave women with the belief that they are still the primary care givers of society.
3 pages (753 words) Book Report/Review
How Do Employees Survive in the Current Economy?
The American economy from 1950 to late nineties used to enjoy an array of benefits Which add value to their normal wages. Companies used to pay a lot of amount to extra amenities which were used to continue even after their retirement has been done. The companies were forced to cut their jobs to inhibit their earning into their company Profitability. The downsizing is intentional decision taken by the company. Downsizing gives scope for the company to minimize the human resource costing and the amount which has been gained by this effort is used for the expansion or for the improvement of the...
3 pages (753 words) Essay
Race Viewed In Connection To Violence Ten Years Ago And Now
Therefore this study will aspire to enhance current explanations, and exploring connections between various forms of violence and race, with a view to aiding prevention, reduction and eventual elimination. After the Black minority, Males of South Asian origin find themselves represented in prisons in a rather disproportionate way. Academic opinion has suggested that this may be because of the ‘race and crime’ debate which is basically related to the fact whether certain ethnic minorities(South Asian and Black Men in this case) are over-represented in the prison population today. This may...
34 pages (8534 words) Dissertation
Got a tricky question? Receive an answer from students like you! Try us!