MONEY

The Only Thing That Counts is Money

The Only Thing That Counts is Money

Introduction

The word motivation is derived from Latin word “movere” which refers to move. Managers in the organizations experience many problems related to how the employee of organizations responds positively towards their work. Because of this they use many motivational techniques in order to enhance the effectiveness of work of the employees. The process that starts maintains and guides goal oriented behaviours is defined as motivation.

It causes act. Motivation involves cognitive, social, emotional and biological forces that initiate behaviour. In simple words the term motivation generally used to explain that why a person does work (Davidson J, 2011, pp.nd). It is the will to exercise high levels of effort toward organizational goals, given the effort's ability to meet any individual need. As motivation often leads to efforts toward any goal, we will focus on goals to reflect the interest in work-related behaviour. There are three main parts of motivation: intensity, persistence and activation. Intensity can be observed in the vigour and concentration that follows to peruse a goal. Persistence is the consistent effort for achieving goal although obstacles may exist.

Finally the activation includes the decision to start behaviour like enrolling in a class of psychology. The term motivation theory is related with the procedure that describes how and why behaviour of human is directed and stimulated. It is one of the most important areas of learning in organizational behaviour. There are various motivational theories presented by expert's management in order to support the requirement for effective motivation in an organization. The names of some theories are: Hierarchy of Needs by Abraham Maslow, Theory X and Y by Douglas McGregor, Two Factor Theory by Fredrick Herzberg, Human Relation School of thought by Elton Mayor and Theory of Scientific Management by Fredrick Winslow Taylor. Money acts as a medium of exchange. Moreover money is an asset or commodity or an officially issued coin or currency that can be legally used for exchanged such as service or good. Money is defined as “any good that is generally used and acknowledged in trade connecting the transfer of goods and services from one person to another”. The below discussion covers the views of different motivational theorists about the motivational techniques used in organization and their importance and the discussion also reveals about the money as a motivating factor.

Discussion

Motivation and Money

The function of any organization show highly dependency on the efficiency and effectiveness of human resource management which directly affects the development of organization. Human resource management is an important asset of any organization. One of the major functions performed by human resource is motivation of employees and development of different approaches in order to enhance the management of human resource.

The role of money as motivating is very affective and significant. According to the study made by (Premuzic T, 2013, pp.1-2) who conducted a research in order to find the relationship between the job satisfaction and job and the results revealed ...