Money Is Not the Only Motivation

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Money Is Not the Only Motivation

By | October 2010
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Money is not the only Motivating Factor

Introduction

The aim of this academic research assignment is to look into the area of why I believe Money is not the only motivating factor in our current working society these days. We live in a day & age where people are no longer just interested in being able to earn for a living, although it does enable us to fulfill the basic necessities of our daily lives, like paying for our bills, our transport expenses, etc. However, more than just that, people are now looking for more in their jobs. Nowadays, people don’t want just a good salary, or a good payment package from their employers, they are also looking for greater meaning & purpose in what they are doing. It takes a combination of both the money & having a sense of purpose on the job that keeps a worker happy at work. When workers are able to find a greater meaning & purpose in the jobs that they are doing, it helps them to stay more engaged in what they are doing. McShane (2010, Organisational Behavior on the Pacfic Rim, p. 169) said, “The challenge facing organizational leaders is that most employees aren’t engaged. The numbers vary from one study to the next due to inconsistent measures & definitions, but generally only about 15-20% of the employees in Australia & New Zealand are highly engaged, about 60 per cent are somewhat engaged, and approximately 20 per cent have low engagement or are actively disengaged.” As we look deeper into this subject, we will also discuss further about the various aspects of what drives a worker in terms of their motivation, like money, purpose at work, as well as a look at the various theories of motivations, and how they correspond to the truth that money isn’t the only source of motivation for workers.

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