By all means yes, money definitely plays a major part in motivating human resource, as far as motivation factor is concerned, that too in the work place. Money plays an important role in motivation. Managements make use of financial incentives for example wages and salaries, bonus, retirement benefits, health insurance, medical reimbursement, etc. to motivate employees. Money Is The Biggest Motivator Commerce Essay. Print Reference this. Disclaimer: Based on the points and statements above, we can clearly see that money is indeed the important factor that motivates people at the workplace.
Money is regarded as a very high reward for the individuals that have worked hard for it. It is also regarded as the For example, there are marked individual differences in peoples tendency to think or worry about money, and different people value money for different reasons (e. g.as a means to power Money motivates people, and extra money motivates people to work extra Employees compete to raise productivity or standards It is not always possible to promote people, so money is a simple way to reward workers Money motivates different people to do different things.
Depending on a person's deepest desires, money will bring it to the surface. Money motivates us because it is a way for us to bring our dreams to fruition.
The use of money as motivation is stressed by Gellerman (1968) in the context of management as he explained that money can motivate people or influence action but only in the instance where the amount of money is considerably higher than the existing income of the person.
Money motivates me to do lots of things, as it does you, and a lot of money would motivate me to do things that I wouldn't do for less. Money motivates. The reoccurring incidences of wages disputes and industrial strikes that have loomed society also prove why only money motivates.