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Is money the only motivational factor?

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Introduction

Is money the only motivational factor? Hypothesis- Is money the only motivational factor? Aim- To discuss both sides of the argument whether cash is the only motivator, or as I predict that there are a lot more factors that motivate an individual other than money. I will discuss my own views, along with the opinions of workers I know and also compare this to work that people have already done. Introduction- Many people believe that they are motivated by solely earning money, but this is not entirely true, because other factors like variety of workplace and the need to be appreciated for the work they do. Motivation is the set of processes that moves a person toward a goal. Thus, motivated behaviours are voluntary choices controlled by the individual employee. Factors that affect work motivation include individual differences, job characteristics, and organizational practices. Individual differences are the personal needs, values, and attitudes, interests and abilities that people bring to their jobs. The need to be appreciated for the work they do may be reflected in the prestige attached to their job, and while the need for a variety in the workplace may be satisfied by an interesting or fun job. A factor, which effects motivation, is that every individual has a variety of different needs. For example an employee may prefer to work on their own rather than in a friendly team. ...read more.

Middle

Where as 85% of the people asked respond best to praise. This makes the workers feel like they are needed and their moral and self esteem is increased which makes the workers more productive and have much higher job satisfaction. At this present time I go to work solely to earn money to buy goods, driving lessons and to go out with. Obviously this will be different in the future when I leave home. This is due to my parents providing food, clothing and other essential survival items. I do get a certain amount of job satisfaction from talking to customers and when I fill the shop up and looks much better, especially when people comment on the way the shop looks. Another factor, which helps me become motivated to work, is having a good boss, who allows flexibility and understanding. Which is vitally needed because I often go out on Friday nights and I work on Saturday mornings. In exchange for this flexibility I have to often work in school holidays. My first job was for the local paper. This showed that although for a 13 year old the pay was not too bad other factors came into play that either motivated me or de-motivated me. The main one was in the summer the job was great and I could do it at any time in the day because of my free time in the holidays and the weather was also fine, this motivated me to get my paper round completed. ...read more.

Conclusion

Increasing the motivation and productivity in the work place.Maslow also saw the need for esteem in the work place. This is explained fully in maslows hierarchy of needs in my appendix. Herzberg also recognised that job satisfaction was the greatest motivator. He used motivators such as achievement, recognition, responsibility and job growth. He was the person I believe knew most about motivating people. This is because he also realised that pay wasn't a motivator it was one of his hygiene factors along with working conditions and status.It isn't a motivator but is a de-motivator.This is fully explained in my appendix. Another main factor to motivation in the work place is the actual working environment. 90% of people thought their environment effected the motivation of the workforce. Mayo showed this was a big motivator in the workplace.(see appendix). It also helps if the workers get a say in their working environment. Eg. - A work force will work better in a new fancy office, which they designed, rather than an old dirty factory. The environment is both a motivator and de-motivator. As a final conclusion pay is a big motivator. But I believe that job satisfaction is the greatest motivator which is linked to self-esteem.But pay is one of the more minor motivators along with environment, recognition, power and other minor motivators. But I think we can only take what is the greatest motivator to the majority of the workers. We need to remember everyone has different motivational needs. ...read more.

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