Money motivation ppt
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Transcript of Money motivation ppt
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Desires fulfillment is the essence of ultimate satisfaction, need and security
Key to Human Motivation & vigor to perform
Though not necessarily true!
Money as a Motivator to personal lifeMoney Makes You Smile !
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Money And Motivation
A worker is working without any sign of interest. Looking de-motivated
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John Enterprises: Where Employees are the Company
John Stevens have created a company for which people are motivated to work for the long hours.
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what motivates employees to perform better on the job is the prime importance of organizational Productivity.
Nature of human needs
Motivating the Workforce
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•Motivation is a core drive that stimulates a person’s behavior toward goal attainment
•A goal is the satisfaction of a need , security & satisfaction
•A need is the difference between a desired and the actual state.
What motivates?
Motivating the Human resource
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Motivating the Human Resource
Motivation Boosters:•Respect•Involvement•Appreciation•Compensation •Promotion•Pleasant work environment•Positive organizational culture
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Classical Theory of Motivation
Money – sole motivator for Humans.
Taylor & Gilbreth – scientific focus on work tasks & productivity.
Satisfactory pay & job security – motivate employees to work hard.
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Work-Life Balance
Primary reason for accepting position8
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Maslow’s Hierarchy of Needs
Physiological needs – basic needs for food, water, shelter
Security needs– protection from physical & economic harm
Social needs – need for love, companionship
Esteem needs – self-respect and respect from others
Self-actualization – maximizing one’s potential
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Equity Theory
Equity theory – the assumption that how much people are willing to contribute to an organization depends on their assessment of the fairness (equity) of the rewards they will receive in exchange.
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