Hrm Motivation Essay

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Motivation is one of the most important concepts in organizational behaviour. It determines individuals’ performance which again leads to achieving goals and targets by an organization. ‘It is a cognitive process, through which goals-directed behaviour is initiated, energized, directed and maintained’ (Buchanan & Huczynski, 2010, p.267). There are various aspects determining motivation in the work environment. One of the most effective is financial rewards. Why? Answer to this question will be found in further paragraphs. ‘The one best way to increase work motivation for an organisation is through financial rewards’. This essay will argue that the only best way to increase work motivation is through financial rewards by evaluating all aspects of motivation in terms of individuals. Firstly it will introduce Maslow’s needs hierarchy and mechanisms affecting work motivation. This will be a background for further research. Then, it will explain the influence of financial rewards on individuals’ performance and how these factors affect motivation within an organisation. Finally, it will focus on what are the other ways to increase work motivation and why financial rewards are the best way. The review will start with an overview of Abraham Maslow’s needs hierarchy- theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization. He has divided human’s needs into 9 main parts. In order to move on to the higher one, the lower needs must be fulfilled. The pyramid also shows how important are particular parts of human needs. The most basic needs are biological needs such as sunlight, sexual expression, food, water, rest and oxygen. There are followed by need of safety and affiliation. These three are the most basic human needs that nothing else but money can provide. If these needs are not satisfied it may lead to death. Higher needs focus on self-actualization and increase self-confidence which are...
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