MONEY REWARD IS SUPERIOR TO ANY OTHER MOTIVATIONAL INCENTIVES

DEBATE THEME 2:

“ MONEY REWARD IS SUPERIOR TO ANY

OTHER MOTIVATIONAL INCENTIVES”

Motivation Incentives

Monetary Non-Monetary

“MOTIVATION”

INTRINSICArises from internal rewards

e.g. need for power need for achievement need for affiliation

EXTRINSICArises from

external rewards

e.g.salary &

bonusescompany carshealth

insurances

“Money is the superior factor”

Basic need of life

Higher salary “a big motivator”

Taylor’s theory: “ workers motivated chiefly by money”

Creates interest in not interested people

“OTHER MOTIVATIONAL INCENTIVES ARE SUPERIOR”

Maslow’s theory (hierarchy of needs)

Failure of Taylors theory

Pay was 5th in the reasons for leaving jobs

Since cash spent and gone

conclusion“Other motivational incentives are superior”

Maslow’s theory: self actualisation on top of human needs

Intrinsically motivated employees more efficient