• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Money is the only thing that motivates people to go to work.

Extracts from this document...


Money is the only thing that motivates people to go to work Key Findings: � I have found out what different types of fringe benefits and other things motivate people. � I have found out that money isn't the only thing that motivates people. � I have found out that to motivate workers you have to know what they want. There are many things that motivate people to work, not just money. Businesses need to have a well motivated workforce or otherwise they will not function properly and to their full potential. Well motivated workers, work harder, are happier, produce more, help a business improve the quality of its products, make your company remain competitive and can mean bigger profits and keep costs down. So it is very important to motivate your workers. Here is a list of things that motivate people: Fringe Benefits, Job Satisfaction, and of course Money. All of these add up to motivate workers. Fringe Benefits provide workers with many job perks such as a company car, pension plan and holidays. They are incentives that encourage people to act energetically and work harder or more effectively. ...read more.


Money is by far the main factor in motivating workers to work. Everything in life boils down to money and without it there would be no businesses. People have a job to earn money. Without money you cannot survive. You need it to buy clothes, food and drink, shelter and heating and to basically live. There are very few things you can do without it. Most peoples aim in life is to become rich, so money is a very good motivator. That is why some companies have performance related pay, the more work you do, the more money you earn. So this means that workers have to work or otherwise they will not get paid. People who support the view, that money is the only thing that motivates people to work, would argue that money means everything. They would say that without money you could not survive in today's world, which is probably true. You cannot buy food, clothes, shelter and heating without it. There are few things in this world that are free. From the day you are born you are on a quest to make money. ...read more.


Secondary sector ? (See bottom if not understood) Tertiary sector ? 5. Income per household: Key earner ? 2nd income ? 3rd income ? 6. Type of pay: Hourly ? Weekly ? Salary ? Piece rate ? 7. Do you think money is the only thing that motivates people? Yes ? No? Primary Sector = includes agriculture, forestry, fishing, mining and quarrying: all involve the use of natural resources. Secondary Sector = includes all manufacturing. Tertiary Sector = includes all services. I gave a group of 40 people this questionnaire, 20 male and 20 female. The results turned out like this: Do you think money is the only thing that motivates people? Men Women Yes No Yes No 2 18 1 19 The graph shows clearly that both the majority of men and women think that there are more things than just money that motivate people. Even though I only took a small sample of 40 people I think that the results would be the same as if I did it on a larger scale. Maslow's hierarchy of needs In Maslow's hierarchy of human needs 90% of the lower need has to be fulfilled before moving up the hierarchy. Joseph Murphy 11R ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level People & Operations Management section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level People & Operations Management essays

  1. Human Resources

    Workforce planning in other words can be described as systematic process for identifing the human capital refered to staff willinginess to do the job to meet business goals and developing different stratgies to meet these requirments. Effective workforce planning is a continuous process that ensures that business has the right

  2. Teamwork. There are several reasons why a business may organise their staff into teams. ...

    Acting as a figurehead: Sven is calm and controlled, and has trust within his team; meaning they will look up to him and respect him. He also represents the team at key events. 2. Leading: Sven lead England into the 2006 world cup, he respects his team and the team feel that, he 'knows what he needs to do.'

  1. The main aim of this research is to evaluate the information on the human ...

    The demand forecasting has the following factors: The internal factor: The internal factor includes controlling of the budget, production levels, new products and services, organizational structure and employee separation. The external factor: The external factor includes competitive environment, economic climate, laws and regulatory bodies, technology changes, social factors.

  2. Recruitment at Asda - creating a job advert and related documents.

    I believe in my document the main point that I think I stated was important is that applicant should be aged 18 or above. This is because candidate should be handling or selling alcohol when needed so therefore I complied with the Employment equality (age)

  1. AS Btec business. Report on understanding how businesses operate.

    But some problems that the local community might not approve of is the amount of trucks and work machines that will be coming through their town which causes traffic and pollution. CAFOD stakeholders also have some differences in their organisation.

  2. Business Environment

    that year This formula helps them to identify any problem so that Human Recourse can act on it to research what is going on by preparing surveys for staffs to complete or organise an open meeting with their staffs to know exactly what is going on, what is that they

  1. Unit 13 Applied Business

    We found the price of the hall, after a discount from being students, would cost us �50 when it would have cost nearly �200. This was also made a lot cheaper as the money saved, means more money being given to our charity.

  2. Free essay

    Investigating Customer Service at a school and at Asda.

    This space will be used to do any paperwork, or to carry out meetings with other managers and staff. Anyone having a meeting with the manager would expect for it to be of a confidential nature, and as such this is therefore why a meeting room should be provided, separate

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work