Money as a Motivator

1496 Words Jun 6th, 2007 6 Pages
Some people argue that money is a main motivator through business and job opportunity, but is not always completely true as there are others factors to considers such as working conditions, environment and the peoples we work with. This essay discuss the arguments that are both for and against money being the key motivator in Singapore.

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
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The productivity or added value of the unit is the ultimate output measure and this is a fair reflection of a employee's ability to gain results through people.

The best people to judge how effectively a leader is leading are the followers, hence the strong emphasis on behavioural assessments, based on capability frameworks and 360º feedback. The resulting summary of perceptions is also an output measure of leadership effectiveness, since the style and behaviour of leaders will affect morale and motivation. Good systems of feedback will give more than a mere evaluation, but through open comments offer examples that enable individuals to relate to the reality of how they are seen.

Conditions to maximise motivation

To determine how much an employee motivated in the organisation culture and working environment, a simple survey can be an effective tool for measuring the factors between organisation and employee's understanding.

1.Do I know what is expected of me at work?
2.Do I have the materials and equipment I need to do my work right?
3.At work, do I have the opportunity to do what I do best every day?
4.In the last seven days have I received recognition or praise for good work? 5.Does my supervisor, or someone at work, seem to care about me as person? 6.Is there someone at work who encourages my development?
7.At work, do my opinions count?
8.Does the mission/purpose of my company make me feel that my work is important?
9.Are my co-workers committed to doing…