Drawing on your understanding of the theories of motivation Essay

Drawing on your understanding of the theories of penury and victimization examples where appropriate, critically rate the role of cash as a motivator?The basic scout on motivation is that call for equal behaviour which in charm equals satisfaction and vice versa. I.e. you curb certain necessarily or indirect requests, and this causes you to do certain things (behaviour), which satisfy those needs (satisfaction), and this mountain indeed change where needs/wants be primary.The underlying idea is that all human cosmoss ar incite to undertake certain actions including purchasing levelheadeds and services and going out to make for by certain needs. Various needs come into play as motivators.(Abraham Maslow.)Abraham Maslow suggested that we argon egg ond to satisfy our needs hierarchically first is the thirst to satisfy physiological needs, then the desire for tri unlesse, the desire for companionship and a sense of belonging, the desire for self-esteem, and the d esire for self-actualization, doing what one closely wants and is best suited to do. As sights lower or basic needs argon met, broader much in depth issues incite them.A just aboutbody needs to feel as if his/her needs have been met on prior level(s) before moving upward. A several(prenominal)body will non be incite by love until he/she has had both his/her physiological and security needs met. For example babies needs are as basic as they come. All they wants is food, sleep, and a clean nappy, and non necessarily in that set. As they continue to get their survival needs met, they veritable(a)tually request that their natural rubber needs be addressed. At this time, their motivations are based purely on basic, survival needs.In all five cases of Maslows model, notes to some extent plays a vital role in satisfying such(prenominal) needs one way or an otherwise. bills is often talked about as the ultimate motivator. It is the basic reason why most of us go to b close down anyday. It provides us with numerous freedoms. It allows us a chassis of choices. If one has no coin, or insufficient funds for basic needs, then one will do almost anything to get some. currency is a motivator at this basic level. However, as one begins to have bountiful to satisfy basic needs, it has less and less effect.People will slackly choose to do things they like, prefer or which meets their values and aspirations, rather than adjudicate currency for its own sake. Of course, if they are in, or join a filename extension group whose members have to a greater extent cash than they do, then money may enter the motivational equation once again. Equally, if they see other people, goicularly those at heart their own caller or profession, earning much than they do for the same work (relative deprivation), then they may well be motivated to either quetch about money or indeed seek a comparable business elsewhere that pays mitigate.However, people in general seem to rival a balance between money and effort, between money and the calls of family and interests. For instance, focussing schemes are supposed to motivate increased effort in sales people. The truth of the matter is that for most sales people, they do not. The sales person works as hard as they need in order to get to a level of income that they require. At this point they are verbalize to have satisficed and their needs and income are in balance. Offering more money will not necessarily increase effort beyond this point. prosperous organizations use motivational techniques in order for its workforce to be super efficient and effective. However on the contrary dont basically offer monetary rewards in every situation. in that respect are drawbacks of using cash as the solitary(prenominal) motivator. Though it locoweed motivate employees to be a good workforce, it great deal make them dishonest. Moreover, in that respect are other ways to motivate people at very low approach, which award the same or even better results as using money. As mentioned above, money laughingstock cloud almost everything people want, precisely hardly almost. thither are many things that can not be traded for money. imputable to these weak points, money is not as good motivator as it is viewed.First and foremost, money could lead to bad or unlawful death penalty. Money can really motivate people because, as it is well documented, money can buy satisfaction. Theoretically, workforces will manage better as they hold out that they will get more money from bonus or a raise. The problem is that in the real world, they do not perform better alone perform to look better in their bosses eyes.For example, some power try to give an image of high workload by sit in front of the computer and typing all the time, though they have nothing to type. In some case, they might stagger around the office, especially in front of the bosses rooms, so that they will be seen as grou chy and diligent. The worst case scenario is that they will try to serve their bosses the best, not the conjunction. These are absolutely not the results the company expected from the motivation political platform. Moreover, if the company implements this program for some time, it may become company culture money-oriented. Employees will only be concerned about how much money they make and not motivated by the wrinkle itself. They might excel as that can generate more earning but they will do something to get more money in any case.In a company that uses a pipeline resource policy, managers get stocks as their bonus, and this policy can lead to smuggled performance and inappropriate actions as Ivan F. Boesky found out to his disadvantage. He was accused of insider trading that led to huge personal profits and eventually a $ snow million fine. This scandal was described as one of the worst on Wall Street history, and unsettled public confidence with the fear that stock tradin g may be fixed.Money is often used for motivating, but it also addresses itself to human greed, which dulls the conscience and may lead to unethical and illegal behaviour. (Weihrich and Koontz, 1988)Secondly, companies can use other low cost motivators to motivate their workforces to perform better. A personal organiser, complete with a leather case, is one of the exhibits being offered to British Telecom employees as part of BTs Living Our value initiative. BT is using non-cash benefits to reward exemplary behaviour. The BT initiative is an example of an employer using gift items to enable managers to show gratitude to employees for such things as continuous improvement and teamwork. (Rue and Byars, 1977)If the company use bonuss as motivation, it will face a problem if it does not have good strategies to execute it with. For example, if the company gives a bonus every month, this bonus will do no good as a motivator. The reason for this is that if the company gives a bonus to em ployees every month, employees will feel that the bonus is what they must have as part of their profits, not as a reward for good performance and also the company will not make much profit and in the long run will eventually get rid of some staff. Therefore, if the company really wants employees to work better and better, it has to raise the bonus again and again.In addition to this, there are many utensils that can motivate workforces better than money. In fact, studies have found that non-monetary compensation is an even more vital factor many people. According to Hagemann, the motivation factors ranked with splendour by Japanese, American and German companies in the first, second and third places were clearer strategic directives, more information about work and more participation in the job while money was ranked in the ninth place. Money can be better motivator as it can render the status of the person. This statement is true but not for all situations. There are many people who gain respect from other people because of their good and honest habit though they earn little money. In the meantime, some who are rich but have bad temper might be considered as dirty people or of a very low status.Nonetheless, there is another argument that an increasing salary is an indicator of success. It might be true but there are many things that can also show success such as more participation and more responsibility, for instance the Prime Minister of huge Britain is not that greatly paid when comparing him with chief operating officers of major corporations, lawyers, barristers, footballers. The list goes on, yet the PMs position is one of the most important and prestigious position in the country.Thirdly, money can not satisfy all needs of people. In reference to Maslows surmise on motivation money can satisfy only the needs at the lower level. According to Plunkett and Attner, the physical needs can be satisfied by increasing pay, safety needs can be satisfied by reassuring that jobs will not be eliminated.For mixer needs, there are many ways to cope with such as letting the new employee interact in recreational activities of the firm. In these levels of needs, money can be best used only at the worst level. For example, money cannot buy the sense of belonging in the society, cordial need. There are many people who are extremely wealthy but cant interact on a professional and social level with their fellow workmates in the organization well and have to take leave their jobs. Some people do not want more money as they are satisfied with their current status or they are more concerned with other things more.For example, some wealthy and successful CEOs whose needs are in the top levels like self-esteem or self-actualization may not necessarily be motivated by money. To motivate these people, the company might try to make them feel that the job is challenging or make them realise that this is another goal of their lives. The company migh t provide more opportunities in other fields of the job and send them to some training course to make their job more challenging. Changing the structure of the job is another way to motivate workforces, as it will make them feel that they have more challenge than their issue work. As seen, money is not a good motivator for everybody, as each employee will have dissimilar needs in the hierarchy.Although money is not always seen as a reliable motivator by a number of critics, it does possess its advantages in terms of it leads people towards a goal, it gives them direction and clarification. If there are no bonuses or low wages, where would the motivation be for a worker to work to his/her best ability? If there is a limited reward for your efforts then where will the inducing be to do well? Such questions are always raised in board meetings and meetings between employees and management. Management tend to use money as armour in their toolbox and release their weapon of extra incent ive when required.On the whole money is not always top employee antecedence although it is important, because the money that you bring home buys the bread. People are also motivated by variety of items and using money as the only motivator is not as good a strategy as it should be. It can motivate people to perform better but only as the external motivator. People do not feel that they really want to work because of intrinsic interest in a task (Kohn, 1998) but they work just for money.This can lead to inefficiency and illusion of performance and also cause corruption and illegality in work. In fact there are many motivators that can bring about the same or even better result as money. Furthermore, using these motivators can reduce the cost of the company also. Last but not least, although money can buy many things, it cannot buy satisfaction and not all employees needs can be satisfied by money. Therefore, monetary motivators can not motivate everybody. As seen in this essay, moti vating people by money can create some disadvantages and money is not the be all and end all of motivation, so the company has to be very wary when using it.