Purchase Solution

Money Motivators

Not what you're looking for?

Ask Custom Question

Most organizations spend half or more of their operating budgets on employee wages and benefits. With an investment as high as this, it is important that the organization leverage the greatest possible return. At the same time, much has been written about the role of compensation as a motivator of employee performance.

-Do you believe pay is the strongest motivator? Why or why not?
-What other options could an organization explore to motivate their employees?

Purchase this Solution
Solution Preview

I believe the pay is the strongest motivator for most individuals, due to the fact that the majority of individuals work at particular organizations strictly for financial gain. ...

Solution provided by:
Marcel Parker, MPA
Education
  • Criminal Justice, Elizabeth City State University
  • Master of Public Administration, North Carolina Central University
Recent Feedback
  • "Excellent work, from the time of my post to the time I received a response was days ahead of my requirements. "
  • "Great, Thank You for our Help!!"
  • "Excellent, thank you "
  • "Thank you"
  • "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Motivation

This tests some key elements of major motivation theories.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

View More Free Quizzes
Related BrainMass Solutions

  • Motivators

    External motivators are the outside motivators that drive us, like money, a bigger house or a nicer car. These are largely dependent on what is important to you.

  • Extrinsic Motivators Properties

    External motivators are weaker, less effective, than internal motivators, as mentioned above. For example, money in the form of raises and bonuses is usually not a very good motivator.

  • HR - motivators for employees

    Along with these financial motivators several non financial motivators are also important. These are not related with the money but are the psychic rewards.

  • intrinsic motivators and extrinsic rewards

    On the other hand, extrinsic rewards like money provide satisfaction to the individual that the task itself may not provide. Thus, a combination of intrinsic motivators and extrinsic rewards can be used to maximize productivity.

  • Organizational Behavior and Motivation

    Intrinsic motivators are those which are intangible, such as wanting to help others. Extrinsic motivators are the tangible rewards such as money and bonuses. Motivators drive job satisfaction.

  • motivation with a negative attitude

    Extrinsic motivators tend to lose their motivating properties because they are external in nature. They deal with motivators such as money, praise, and other outside forces.

  • Improving Productivity

    Keep in mind that although we've talked about money and bonuses, other extrinsic motivators such as gift packages and vacations are also under the category of extrinsic motivators.

  • Performance-Driven Teams and Motivation

    If it's money, the easiest way to do this is to offer an attractive monetary reward for the target action. Intrinsic motivation is tougher to appeal to, as the intangible nature of these motivators are harder to identify and appeal to.

  • Workplace Motivation and Leadership

    Motivating employees comes in identifying employees' motivators to begin with. There are two kinds: extrinsic versus intrinsic. Extrinsic motivators are those which are tangible, such as money, bonuses, gifts etc.

  • Effects of large executive compensation and benefit packages

    Therefore, investors were deceived into giving the company more and more money in hopes their money would be put to good use to increase business and financial performance.

View More Related Solutions