Money As A Motivatoir

In studies dating back to the 1940s employees have always ranked other items--such as full appreciation for work done, feeling "in" on things, and having interesting work--as being more important to them than their salaries. In the "1994 National Study of the Changing Workforce" conducted by the Families and Work Institute of New York City, "open communication" was ranked highest by respondents when asked to list items they had considered to be "very important" in choosing their current jobs. Everyone wants to know what's going on--especially as it affects them--so simply sharing information is motivating. Salary was ranked 16th.

Money is a need. To many, it is a way of keeping score. It is a means to that which does motivate, and might even induce behavior. Money, of course is important. We need money to pay our bills and live the standard of life to wh

B. Herzberg’s Motivation-Hygiene Theory, (the two factor theory) comes from Maslow’s hierarchy of needs theory. It is called the two-factor theory because Herzberg felt that satisfaction and dissatisfaction are the key ingredients for a worker.

4 Recognition from peers, immediate manager, higher-level management

3. Different people have different types of needs, desires, and goals

2. Having a manager express recognition and appreciation

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