Best Way to Increase Work Motivation Is Through Financial Rewards

For today’s organizations, the problem of how to effectively motivate staff has become an increasingly important issue. “At one time, money was considered the best employee motivation technique. But today, the use of money as motivation has several strikes against it” (Zani, Rahim, Junos, Samanol, Ahmad, Merican, Saad, and Ahmad, 2011, p331). Money is one of they most common and quickest ways of motivation but not very effective as employees now need more than just money. This essay discusses that financial rewards may not be the best option to motivate employees in an organization. Evidence will be provided to support the argument with along with their advantages and disadvantages. Here motivation will be defined as a stimuli acting on, or within, a person that cause the arousal, direction, and persistence of goal-directed, voluntary-effort. (Buchanan and Huczynski, 2010, p267). Motivation is concerned with what gets some one going to make a choice to act, selecting between alternatives, ad the sustained focus of action. (Buchanan and Huczynski, 2010, p267). Motivation theory is thus concerned with explaining why and how behavior is activated and sustained, If this understanding can be ascertained, it follows that, in relation to employee motivation, and better-informed performance and rewards management may be undertaken. (Perkins and White, 2008, p50) Motivation is broad concept, which includes preferences for particular outcomes such as straight of effort and persistence. These factors should be understood by a manager in order to motivate employees. According to Lord motivation of workers can lead to accomplishment, job responsibility, recognition and much more, it improves job satisfaction and increase productivity that leads not only to high profits but also a better image of the company (Ciorbagiu-Naon, 2010,p42). It shows that the company is a place with a good environment and even better work relationships between employers and their employees

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