Summary
This article has provided evidence that people make good performance when they are motivated by a sense of purpose rather than the pursuit of money. There are some motivational theories such as Maslow’s hierarchy of needs theory has been used to explain the reasons why money is not a main factor as motivator. This essay provides a survey to prove people can be motivated to do their best work by nonfinancial factors. In this essay, there are several suggestions for the manager has been explained which aim to increase the level of employees job satisfaction by using nonfinancial factors as motivator.
Introduction
There is one important thing which is motivating the employees efficiently to facilitate the enterprises to carry out the organization’s targets and purposes. (Wood et al, 2006, p78). In this case, it is very important to find out what motivate the employees to make good performance in their work. Some people believe that money is the key factor to make people do their best in work. However, there are some theories like Maslow’s hierarchy of needs theory, Alderfer’s ERG theory, McClelland’s acquired needs theory, Herzberg’s two-factor theory, Equity theory and Expectancy theory provide evidences to show that the employees are motivated by other factors such as intrinsic matters rather than the pursuit of money. According to the some studies, some nonfinancial motivators are more effective than financial motivators in motivating the employees in the long - run. (Dewhurst, Guthridge, Mohr, 2009). In my opinion, people make good performance in work when they are motivated by a sense of purpose instead of the pursuit of money. In this article, there are several reasons are provided to explain why the money is not the key factor of the motivation whereas
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