money motivation ppt

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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 lifeMoney Makes You Smile !

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Money And Motivation

A worker is working without any sign of interest. Looking de-motivated

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John Enterprises: Where Employees are the Company

John Stevens have created a company for which people are motivated to work for the long hours.

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what motivates employees to perform better on the job is the prime importance of organizational Productivity.

Nature of human needs

Motivating the Workforce

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•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.

What motivates?

Motivating the Human resource

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Motivating the Human Resource

Motivation Boosters:•Respect•Involvement•Appreciation•Compensation •Promotion•Pleasant work environment•Positive organizational culture

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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.

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Work-Life Balance

Primary reason for accepting position8

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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

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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.

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