Money as an motivator

What makes people work harder? The best answer is, no one really knows, but there are many theories, each of which has some relevance in some situations. Based on the case above, we can define that money is a motivator to not only go above and beyond, but maintain an increased level of productivity. Therefore, in order to increase efficiency and effectiveness of work done, managers need to know how to motivate employees by using money. Naturally, managers are not interested in every attitude an employee might hold. However, according to some experts, organizational commitment represents an employee’s orientation toward the organization in term of his or her loyalty to, identification with, and involvement in the organization. As a result, to motivate employees, managers need to satisfy their needs. Based on Abraham Maslow’s hierarchy of needs theory, money is the basis need for every employee. Managers can motivate employees by building a pay and reward systems. While managers need to get more from their employees, their employees are looking for more out of them. Employee pay and reward systems are one method of motivating employees to change work habits and key behaviours to benefit an organization. First of all, I think managers can rewards employees by giving incentive pay. Incentive pay designed to provide direct motivation – do this and you will get that. As long as people expect further achievement will produce worthwhile results. Managers can use incentives pay to motivate employees to achieve their objectives, improve their performance on enhance their competence or skills by focusing on specific targets and priorities. Incentives pay is something which is given in addition to employees. It means additional remuneration or benefit to an employee in recognition of achievement or better work. Incentives provide a motivation in the employees for better performance. It is a natural thing that nobody acts without a purpose