Work is motivated by more than money business essay

Motivation of the personnel 2. Money, stimuli and employers 3. If there had been an opportunity to ask the company leaders, owners of different companies, HR-managers or specialists what kind of employees they want to have in their companies, the answer would have been unambiguous.

Work is motivated by more than money business essay

To discuss motivation in this paper, it is essential that we establish a straightforward definition for what we wish to analyze. Previous to the emergence of work motivation theories, employees were considered simply another input into the production of goods and services. However, upon the realization that employees are not motivated solely by money and the realization that firm survival is entirely dependant upon levels of employee motivation, managers began to think like psychologists.

Because, motivated employees help organizations not only to survive AND thrive, but to be prosperous, they are absolutely required in our rapidly changing workplaces. To be entirely effective, managers need to be aware of what motivates employees within the context of the roles they perform.

Of all the functions a manager or leader performs, ironically, motivating employees is arguably the most complex! This is due to the fact that what motivates individual employees changes constantly and may even differ from person to person.

Work is motivated by more than money business essay

What motivates employees today, may not work tomorrow. Also, as employee needs become fulfilled, they are no longer useful as motivators.

However, it IS so important to apply motivation theories to maintain employee focus; this is one of the keys to running a successful business. Motivated employees work harder and more productively, thus intensifying business dynamics and growth and adding to profits.

Research has suggested that older employees are motivated more by interesting work than by income. They want interpersonal relationships, they want to make useful and productive contributions in their place of employment and they also want opportunities for personal growth.

Work motivation theories are also valuable because managers need to maintain top performers in an organization and this can be done by keeping staff motivation levels high.

Often, discontented employees will leave if they feel that their efforts are going unappreciated. If they perceive a certain lack of recognition for their efforts, they may resign and look elsewhere anticipating a feeling of belonging and appreciation in their next position.

However, if an employee loves his job and has been told on several accounts that he is indispensable, he will think twice about leaving his place of employment. The high cost of not applying such knowledge is one that organizations simply cannot afford.

Low motivation in the work place wrecks havoc on organizations with negative disease like symptoms; low performers low performancehigh levels of absence, repeated and wasted work, loss of profits, high employee turn-over rates, and etc. Therefore, a wise manager will invest his time and effort into employee relations.

He will take concern over the wants and needs of employees and value them, exploiting them in return for higher productivity, profitability and growth. Everything that organizations do should be sustainable. Whatever good work employees do, they should be able to sustain it, to keep going on and to even improve upon that performance level, continual improvement.

For this to happen, organizations need to know how to motivate their employees to keep work up to a certain par. In business, sustainability is everything; it is the key to success and it.When reward systems and motivation are in use, employees are likely to work more efficiently which can make other key staff members with perfect skills and high degrees of work performance to be attracted to that company.

In this essay, the writer will firstly analyse the strengths and the weaknesses of financial gain. Secondly, other contributions which improve employees’ performance will be discussed and evaluated.

It is self-evident that money plays an essential role in motivation at work. Get an answer for 'Is money the only motivation at work?How can one prove that money is the only motivation?' and find homework help for other Business questions at eNotes.

Work is motivated by more than money business essay

Surveys and studies dating back to the early s demonstrate that people want more from work than money. An early study of thousands of workers and managers by the American Psychological Association clearly demonstrated this.

When you foster these for people, you'll achieve awesome business success. Continue Reading + Learn to . Companies should be wary of using money exclusively to motivate staff, as this method may begin to eventually lose its effectiveness and employees may begin to think that money is valued more than.

It's why knowing how to stay motivated is so incredibly important when it comes to getting what we want in the long term. And in a world with more distractions than ever before — from non-stop.

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