Human Resource Development and Management
“Today man knows the price of everything and the value of nothing” (Wild, Oscar). This phrase reflects very well why this incentive pay fail as a sole incentive system, rather than achieve its objective, it generates demotivation among workers, it is true that money is an important motivator in exchange of some extra effort, but money does not buy all the needs. So in order to avoid this, it is important to set other incentives, for our worker to feel part of the company and thus we can retain satisfied employees while achieving desired business results. Human resource managers realize that money is a motivating factor to some extent and that mean would not work for money if you do not get recognition, respect and opportunity to develop. In fact as Tomas Chamorro suggest in in his article. Does money really affect motivation? . The more people focus on their salaries, the less they will focus on satisfying their intellectual curiosity, learning new skills, or having fun, and those are the very things that make people perform best. But it can turn very difficult motivating employees, as each individual has their own reasons for working and what stimulates some, may not be important to others, then companies must find out how they can get their employees desiring to do something, working harder and better. As the research Employee motivation: a powerful new model suggests that people are guided by four basic emotional needs, or drives, that are the product of our common evolutionary heritage. They are the drives to acquire (obtain scarce goods, including intangibles such as social status); bond (form connections with individuals and groups); comprehend (satisfy our curiosity and master the world around us); and defend (protect against external threats and promote justice). (Nitin Nohria, 2008) (Paul R. Lawrence, 2002)
So what actions should managers take to increase the employees’ motivation and...
References: Chamorro-Premuzic, T. ( April 2013). HBR Blog Network. Retrieved from Harvard Business Review: http://blogs.hbr.org/cs/2013/04/does_money_really_affect_motiv.html
Csizmar, C. (February2013). HRM Today. Retrieved from Institute for Corporate Productivity (i4cp) : http://www.hrmtoday.com/featured-stories/dont-use-pay-as-your-babysitter/
Nitin Nohria, B. G.-E. (July2008). Employee Motivation: A Powerful New Model. The Magazine .
Paul R. Lawrence, N. N. (2002). How Human Nature Shapes Our Choices. En N. N. Paul R. Lawrence, & J. Bass (Ed.), How Human Nature Shapes Our Choices. San Francisco: Wiley Imprint.
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