Question

evaluate the case for and against using pay as a motivator

please write range 400-1,000 words. thank you

Answer 1

Money is an imperative means of maintaining a basic standard of living, but as people become more wealthy, this basic has a way of becoming higher.

Second, it is probably quite true that money is used as a means of keeping an organization adequately staffed and not primarily as a motivator in most types of companies and other enterprises. Enterprises typically keep wages and salaries competitive for attracting and retaining workers within their business and geographic area. Third, the method of making the wages of the different managers of a organization relatively identical appears to dull money as a motivator

In other words, companies also take great care to ensure that equivalent or virtually the same compensation is provided to workers at similar rates. It is reasonable because people generally measure their benefits in terms of what they earn from their peers. Fourth, if money is to be an efficient motivator, wages and incentives that represent their success must be offered to people in different roles, but at a similar level. And if a organization is committed to the tradition of equal compensation and benefits, a well-managed desire for incentives is never tied to the same standard.

Money is a reward for accomplishment, and a way of giving people satisfaction from accomplishment. A individual works because without money he or she has desired it can't be satisfied. The belief has been that if significant financial incentives are put before them, people will work harder and generate more. Money motivates people and it motivates people to work extra hours. Employees work to boost expectations or efficiency. Promoting employees isn't always practical, but money is a easy way of rewarding workers.

It is also clear that capital is used as a way of recruiting and retaining professional workers in most organisations. That is why companies, within their business, keep their employment and salaries competitive. Organizations also take extra care to ensure that the same compensation is provided to workers in similar positions, since people typically measure their compensation in the light of what their peers earn. The money must be interpreted as being directly linked to the extra production expected and shall be earned immediately upon completion.

It's almost certainly true that money can only be motivated when the prospective payment is high compared to the income of a individual. But workers vary in how much money they want. An additional ten thousand dollars, for example, may not be inspired by an employee who receives two thousand dollars per year. That is why wage rises or bonuses should be high enough to motivate the receiver / employee. The annual salary rise in Bangladeshi companies is so small that it rarely motivates the receiver. It will prevent the workers from becoming unhappy and from finding a new career.

Money is likely to be more important to individuals still fulfilling their monetary needs. Many people 's monetary needs are absolutely urgent. Cash is an important way to achieve basic living standards. Many of the world 's workers collect the minimum wage which is not enough to meet their basic needs. For this situation, we might assume that for the majority of workers, money is the main motivator. Money is necessary because of the goods and services it can purchase. That is Money's economic interest. The money will always be of utmost importance to some people, while it may never be for others.

Money is the main motivator, and when the promise of a lot of money is the primary target it becomes real, observable, fungible and trouble hits. That typically feeds an emotion and greed which is very self-serving. It does not mean that in order to increase efficiency, economic factors or working conditions are less important. These studies indicate that an office or a factory is not only a workplace, but also a social atmosphere in which workers communicate.