Is Money Really an Effective Motivator?

Nowadays, money can make most everything happens. People run after money because they think money can give them better life. It is true that we need money to support our life. However, we need to remember that once we have a good quality of life, we should use our extra money to benefit those who have need instead of keep money in our pocket. We need to remember that God rewards us with succeed is because he wants us to take care of our brothers. In addition, if we pursue over luxury life, we will end up being controlled by money.

Furthermore, several cross-sectional studies support the economic paradigm that money is positively correlated with happiness (Gardner & Oswald, 2007). Although cross-sectional studies have many weaknesses, Gardener and Oswald (2007) agree with those conclusions because their longitudinal study found that a windfall of money has the same positive effect on happiness and lower mental stress. In other words, if people achieve financial success, their motivation will be fulfilled. Although happiness achieved by high income levels is unstable and completely dependent on the income level, it is not possible to define financial security as more stable than happiness if people lose their income. Unrealistic money-making motivations appear to be unstable, but realistic motivations are not more stable than unrealistic ones. Because income is connected with both types of motivations, all money-making goals are achieved by creating income, and all goals are lost by losing income.

Money is a main worry for some people. It is a necessity for anyone who is trying to succeed in life. Many believe that the only way to success is to have a

Employees are motivated by both intrinsic and extrinsic rewards. In order for the reward system to be effective, it must encompass both sources of motivation. Studies have found that among employees surveyed, money was not the most important motivator, and in some instances managers have found money to have a de-motivating or negative effect on employees.  This research paper addresses the definition of rewards in the work environment context, the importance of rewarding employees for their job performance, motivators to employee performance such as extrinsic and intrinsic rewards, Herzberg’s two-factor theory in relation to rewarding employees, Hackman and Oldman model of job enrichment that

“Money provides the best motivation for success”. This quote was said by Russell Baker (Author of No Gumption)and many might agree to this, but many people don’t agree to this. MONEY IS NOT THE BEST MOTIVATION FOR SUCCESS!!! There are many reason why and, the book (written by the person who SAID this quote)even shows this to be true. To catch you up “No Gumption” is about a boy who is living through the great depression and his mom is upset that he isn’t pulling much work around so she meets with a person who sells newspapers and he gives him a job at selling papers.

Motivation is something all humans want. We like to feel appreciated but not everyone is motivated by money. Money is a good tool but if the company gave money to every employee, the company could go bankrupt. So employers need to find ways to motivate people besides

Motivation is the force that makes us do things, whether accomplishing personal goals or completing tasks at work. Most people are motivated as a result of their individual needs being satisfied, which gives them the inspiration to perform specific behaviors for which they receive rewards (Kinicki & Williams, 2011). These needs vary from person to person, as everybody has specific needs to be satisfied. When we consider factors that determine the motivation of employees, many of us think of a high salary. This answer is correct for the reason that some employees will be motivated by money, but mostly wrong for the reason that it does not satisfy other needs to a lasting degree (Bizhelp24, 2010). This supports the idea that human

The first podcast that I chose to listen to was “How Much Does Money Motivate Us?” by Daniel Pink. He starts off his talk by telling of an experiment that was done (called the candle experiment) where people had to figure out how to get the candle to stay on the wall (you had to thumb tack the box that it was in to the wall and put the candle there). One group was told that it was just an experiment to see how long it took to figure it out. Another group was given money incentives to the fastest people to figure it out. Surprisingly, the group that was given rewards took over 3 minutes more on average to figure it out. He then tells of many other experiments like this and how extrinsic rewards created a narrow focus, so in situations where creativity was needed, physical rewards hindered rather than helped. He then discussed how intrinsic rewards (like

In another chapter, there is information on how the needs of each individual is different. It made sense at first that each person is different, and therefore some may respond better to extrinsic rewards and others may prefer intrinsic satisfaction. Then, I remembered Maslow’s hierarchy of needs theory, which states we must first be secure in our basic needs before we can achieve any higher form satisfaction or fulfillment. Everyone strives for happiness and security. In our world, money is part of that basic need for survival. People say money cannot buy happiness, but it can buy food, housing, and security. With those basic needs met, we have the opportunity to pursue those higher needs like esteem and self-actualization. Unfortunately, many people barely have the means to cover their basic needs, and cannot fully grasp onto the appeal of intrinsic rewards. Yes, people do all have different needs, but everyone needs to be able to survive before they can think about much else. A company that wants the best performance from its employees, must put the needs and satisfaction of the employee first. This is proven by Zappos, which has a rich corporate culture and pays

While money is a common motivation to work, this is a motivation that needs caution. We need to be careful with how we think about money. While money serves a function in our lives, we cannot let it control us. God knew before we were born the kind of hold that money can put on us. He provides us with guidance in His

Although it does take money to buy the things you want and need in life, one needs more then just luxuries to live successfully. Having money makes life much easier but does not make it better. For example, money has never made someone smarter or intelligent, it takes hard work and commitment of study. Money can also not help bond something with someones significant other for a long-term relationship. That also takes commitment, sacrifice and love. Not even all of the money in the world could teach someone respect or courtesy. That comes with begin careful and having feelings for others. It is not possible for money to give someone leadership, wisdom, love, patience, or courage. Each one of these traits are important in a successful life. Money can not help in the accomplishment of these traits, money if anything takes away from the search of success. It gives someone distraction, temptation and fraud. You will not find an elevator to success, use the

The modern society is growing more and more materialistic. If we think about it, the reason why people want to earn much money is to live a happy life, doing and enjoying the things that money can provide. However, people often sacrifice their own happiness in the process, to get the happiness that money gives. It is a sad irony. If people put enough effort and only focus on what makes them feel happy, money is just a factor that follows along; money should not be the ultimate purpose of life, but just one of the means to achieve happiness. Indeed, a fulfilling job is more important than a well-paying

Everything has its advantages and disadvantages. Money, in general, can be a solution or the cause of a conflict. Evidence from debate.org shows that 69% agree on money rewards and 31%

In most organisation, money is often seen as a prime motivator for employee in the government and corporate sectors. It empowers them to perform better and contribute to the organisation objective goals and productivity, however, following the shifting of economic conditions and social values, people's desire is dramatically changing. Most employee may feel that they are affected by internal and external

money’ and ‘one action gives rise to another’. That means if people are rewarded they will be motivated