Post on 11-Apr-2017
DEBATE THEME 2:
“ MONEY REWARD IS SUPERIOR TO ANY
OTHER MOTIVATIONAL INCENTIVES”
Motivation Incentives
Monetary Non-Monetary
“MOTIVATION”
INTRINSICArises from internal rewards
e.g. need for power need for achievement need for affiliation
EXTRINSICArises from
external rewards
e.g.salary &
bonusescompany carshealth
insurances
“Money is the superior factor”
Basic need of life
Higher salary “a big motivator”
Taylor’s theory: “ workers motivated chiefly by money”
Creates interest in not interested people
“OTHER MOTIVATIONAL INCENTIVES ARE SUPERIOR”
Maslow’s theory (hierarchy of needs)
Failure of Taylors theory
Pay was 5th in the reasons for leaving jobs
Since cash spent and gone
conclusion“Other motivational incentives are superior”
Maslow’s theory: self actualisation on top of human needs
Intrinsically motivated employees more efficient