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Money is the prime and end target for any professional in an organization. Many people says they do not work for money. For most of the people says so - its a lie. Everyone works in an professional organization are working for money. Otherwise they would have been working in charitable or non-profit organization. There are other aims too like Respect, Accomplishment, Authority etc. however all comes after money.
Now for motivation money is not a good one. Whenever there is a award given in form of MONEY the person may feel motivated, but for one or two days only. With the awarded money he/she would buy something. As soon the thing becomes old the effect of money as motivator vanishes.
If the money is awarded in continuous basis like monthly increment in allowances, the motivation effect remains alive for few months. As soon as he/she gets use to that money the effect of motivation vanishes.
For motivation best and longest lasting award is "Giving importance" and "Publicly appreciation".
All the good employees loves to work, otherwise he would not have been chosen for award. I personally like to award him the most prestigious project responsibility with end to end authority. All the employees like to have some authority for himself.
My second award for motivation is awarding the person in a public gathering like weekly floor meet or monthly performance meet. Here i use the Kenneth Blanchard way very much - "Reprimand in private, appreciate in public"
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Is money considered motivator in working industry?
Discuss money as a motivator
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An extrinsic motivator?
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Is the money be the best motivator towards high performance for a worker?
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Her Dad.
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