Money motivation ppt
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This brief provides the basics of 'why money is previewed' as the prime motivator for people, especially the working class. And, negate most of the different parameters of some major theorists and identifying the satisfaction 'optimization in different ways. See also the description of these slides in descriptive form, under the same heading.
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Money motivation ppt
- 1. 10-1 Desires fulfillment is the essence of ultimate satisfaction, need and security Key to Human Motivation & vigor to perform Though not necessarily true! Money as a Motivator to personal life Money Makes You Smile ! 1
- 2. 10-2 Money And Motivation A worker is working without any sign of interest. Looking de-motivated 2
- 3. John Enterprises: Where Employees are the Company 10-3 John Stevens have created a company for which people are motivated to work for the long hours. 3
- 4. 10-4 Motivating the Workforce Nature of human needs what motivates employees to perform better on the job is the prime importance of organizational Productivity. 4
- 5. 10-5 Motivating the Human resource What motivates? •Motivation is a core drive that stimulates a person’s behavior toward goal attainment •A goal is the satisfaction of a need , security & satisfaction •A need is the difference between a desired and the actual state. 5
- 6. 10-6 Motivating the Human Resource Motivation Boosters: •Respect •Involvement •Appreciation •Compensation •Promotion •Pleasant work environment •Positive organizational culture 6
- 7. 10-7 Classical Theory of Motivation Money – sole motivator for Humans. Taylor & Gilbreth – scientific focus on work tasks & productivity. Satisfactory pay & job security – motivate employees to work hard. 7
- 8. 10-8 Work-Life Balance Primary reason for accepting position 8
- 9. 10-9 Maslow’s Hierarchy of Needs Physiological needs – basic needs for food, water, shelter Security needs– protection from physical & economic harm Social needs – need for love, companionship Esteem needs – self-respect and respect from others Self-actualization – maximizing one’s potential 9
- 10. 10-10 Equity Theory Equity theory – the assumption that how much people are willing to contribute to an organization depends on their assessment of the fairness (equity) of the rewards they will receive in exchange. 10
Notas del editor
- How much difference money makes a difference in a person’s life ? Does a person or a workers motivation revolves around monetary gains, and why? People have strong desire to be financially stable. Is it suppose to bring them happiness?
- Organizations are people, or anyone working as an individual who is working as a 'freelancer’ ,, providing services. Put a lot of effort for having some type of return which could give him his/ her worth of effort, that person is putting in. If the inputs are providing the person with some sort of out puts in terms of rewards. He/she will loose interest and feel not putting the effort, and feel de motivated.
- Humans have a ‘nature’ consists of psychological behaviors, which needs a 'stimulus’ to be able to feel an urge to put effort in something or work, to get gains in terms of his expected efforts. If the person's efforts matches the prerequisites of the task, then he/she will have higher degree of expectations of rewards in terms of money and recognition. In performance based organizations, the good workers are more motivated as they get rewarded well.
- What is motivation which creates an energy into a person to put effort and interest in his work? That id the desire to get compensated in a form which an produce outputs in the form of rewards for his/her efforts. That should satisfy the person’ ability to satisfy his/her different to feel secure. The difference between the ‘expectations and actual results dictates the level of satisfaction related to motivation.
- There are many factors which creates positive energy to work harder and with more devotion. They are mostly inter,elated but human’s or workers, take monetary gains as the prime factor of their success. More increase in salary is taken as more respect and other factors associated.
- There are many theories which explain different needs in different sequence. Perhaps, individuals have different priorities to get motivated, but in every theory, the sense of security, recognition, respect, reward are the prime factors. Human nature’s first need is security and fulfillment of hits desires and comfort. All are attached with the money in perspective.
- In seeking a job, more than 95% people’s desire is to get a high salaried job, which can give them good quality life and affordability, which is known as a work-life-balance.
- Maslow, relates the hierarchy of needs starting from, ‘basic needs as most important factors, followed by security, love and protection etc. It relates to the foremost need to seek or desired and all that comes with money. In toddy's world, money is probably the sole criteria to command recognition of success and respect.
- Equity theory, also states that , the worker’s performance id mostly dependant on the perception of workers rewards in respect to the work he/she puts in. If there in equilibrium, there would be lack of motivation to work with zeal and devotion in future.