Money As A Motivatoir
Money as a Motivator
Money is NOT the top motivator. Survey after survey of currently employed workers show that intangibles; such as recognition, involvement, challenge, pride, communication, meaningful work, and opportunity for growth are more powerful employee motivators. Pay and benefits are generally ranked in the middle of the pack in surveys of motivators.
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 whats 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
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