ipl-logo

Herzberg's Theory Of Money And Motivation

850 Words4 Pages

2.3.3 Herzberg’s two factor theory
Herzberg explained about money and motivation that make an individual satisfied. According to him as quoted by (Armstrong, 2006, p.267), He suggested that, money provides carrot that most people want. It is argued that it has something in it especially for the employees with fixed salaries or rates of pay who do not benefit directly from an incentive scheme. They will feel good when they experience an increase of it. It is highly tangible form of recognition and an effective means of helping people to feel that they are valued.
Other dissatisfaction from Herzberg’s list of hygiene factors, such as working conditions or the quality of management, can loom longer in some people’s mind when they fail to get the satisfaction they need from work itself. Furthermore the theory asserts that although money is a motivator but it will not motivate all individuals since human being needs differ. What is mostly recommended is to practice performance related pay scheme which will cause every individual to be well motivated and hence high performing individuals since money provides the means to achieve a number of different ends.
Study made by (Jacques, 1961) as quoted by (Armstrong, 2006,p.268) has got a role on this theory in which she argued that, the reward should be clearly related to effort or level of pursuing responsibilities and people should not receive less money than they deserve compared to other workers and this was named as ‘felt- fair’

Show More
Related

  • Case Study: Engstrom Auto Mirror

    1302 Words  | 6 Pages

    Introduction Engstrom Auto Mirror is a private manufacturing organization that produces mirrors for vehicles such as trucks and other automobiles (Beer). The current major problems that Engstrom is currently facing, are some big layoffs and its newly implemented Scanlon plan isn't working. Thus, employees have been demotivated to work which causes its productivity level in the organization to decrease. In 1990s Engstrom’s production delays and low profitability were at its lowest, and downturn started in the industry from 2005 onwards.

    Read More

  • Summary Of On The Want Of Money By William Hazlitt

    498 Words  | 2 Pages

    In the “On the Want of Money” by William Hazlitt, I wrote an essay about the text; which I did a decent job of describing the title, genre, author, date, position and strategies, but my strategies were too general; two strategies that I used for this essay were the concept of money and structure of the text, but after comparing and contrasting the three sample papers with my paper, I understood that in my introduction, I need to address better and more specific strategies that is being used in the text. In my body paragraphs, I did not have a clear topic sentence; “One of the strategies being used by Hazlitt is the structure of the text” rather I should have written more in debt and not just general topic sentence, “Hazlitt uses several syntactical strategies to convey his point about poverty.”(2A ) My idea was not consistent and my analysis of evidence was not clear; I didn’t describe why the author used on his text, impact of it, and was misinterpreted, but I used text evidence in my essay and described each one of them. In conclusion, I did restate position and strategies of the writer, but I didn’t write a new creative may; for example, It is hard to be without money.

    Read More

  • William Hazlitt On The Want Of Money

    342 Words  | 2 Pages

    William Hazlitt, author of “On the Want of Money,” strengthens his attitude on financial matters through the grammatical strategies of forlorn and sublime diction, cataloging, and continuous syntax structure. These strategies combine to establish Hazlitt’s stance on money as an imperative component of life. The most apparent strategy used is the immense, extended sentence that Hazlitt uses to convey his thesis that money is the key to success and happiness, but not a necessity in life. This enormous sentence mimics the immense struggles that a person without money would have to endure during their lifetime. Hazlitt presents an impoverished person’s obstacles as continuous and a perpetual amount of brutality; there are no breaks for the lower

    Read More

  • Summary Of On The Want Of Money By William Hazlitt

    949 Words  | 4 Pages

    In William Hazlitt’s essay, “On the Want of Money” (1827), he claims that man cannot live comfortably without money. Hazlitt supports this claim by illustrating the social and economic burden of poverty and by describing the aftermath of success. Hazlitt writes to expose the dehumanization of man through the reliance on money. The author produces this piece to everyone because money impacts everyone.

    Read More

  • On The Want Of Money Hazlitt Analysis

    519 Words  | 3 Pages

    “On the Want of Money” by nineteenth-century author William Hazlitt is an excerpt that voices his opinion on the world’s never-ending hunger for money. Through the use of diction, detail, and figurative language, the author develops his position on money to inform the reader of the negative influences and consequences of having a lust for money. Hazlitt’s use of diction firms his stance on money, allowing him to assert his opinion with precise intensity. Hazlitt feels as if “one cannot get on well in the world without money” and to desire it, one must face devastating consequences.

    Read More

  • Personal Affluence In William Hazlitt's On The Want Of Money

    734 Words  | 3 Pages

    Today’s society is centered around public reputation and personal affluence. This ideology is also reflected in the pre-twentieth century era, through the short passage, “On the Want of Money,” by William Hazlitt. Hazlitt uses various literary devices throughout his passage to describe his feelings towards the lack of money. He uses varied sentence structure and voice language, and a hatred tone to emphasize his displeasure towards the lack of money and society’s ridicule on impoverished people.

    Read More

  • Social Incentives In Steven D. Levitt's Freakonomics

    790 Words  | 4 Pages

    The main argument in chapter one of Freakonomics written by Steven D. Levitt and Stephen J. Dubner is that incentives have a large influence on human behavior. As the author explains, an incentive is “ a means of urging people to do more of a good thing or less of a bad thing” (17). The book further explains that there are three types of incentives- social incentives by which people’s actions are related to shame and glory; economic incentives which causes people to react toward their financial interest; and moral incentives in which one acts based upon what the right thing to do is. As you continue to read, you learn about three different case studies that all involve the effects of incentives. The first case is about public school teachers in Chicago and the algorithm that proved teachers guilty of cheating on standardized tests by substituting the answers on the student’s answer keys.

    Read More

  • Michael Norton Unequality

    349 Words  | 2 Pages

    Michael I. Norton wrote the article titled “Unequality: Who Gets What and Why it Matters.” Collaborating with several experiments to prove his ideas, Michael came to the understanding that inequality, from whichever ladder of wealth you fall from, almost everyone supports the idea of being unequal (Norton 152). They do not believe however that we should be as unequal as we are today (Norton 151). Correspondingly, he also understands that inequality in its severity; negatively damages clear decision making, ethical and unethical choices, and demote motivation (Norton 151). Michael asked 16 countries what they assume the level of inequality is versus what they believed the right level of inequality should be (Norton 152).

    Read More

  • Unequal America Case Study

    674 Words  | 3 Pages

    1. What measures would you employ to illustrate just how unequal America is? The measure I would employ in the illustration of how unequal America is would be the wealth distribution observed among different states. The inequality is especially demonstrated by comparing income generation of different families from different states.

    Read More

  • William Hazlitt's On The Want Of Money

    682 Words  | 3 Pages

    Well-known nineteenth-century author, William Hazlitt, in his essay, “On the Want of Money,” describes his position about wealth. Hazlitt’s purpose is to convey the irony of money; being in want of money and not having money can both cause altering effects. Hazlitt furthers his position by using rhetorical devices such as imagery, word choice, and metaphor. Hazlitt divides his essay into a parallel structure, focusing one part of his essay on the consequences of desiring money, and the other to describe the consequences of having money.

    Read More

  • Money In William Hazlitt's On The Want Of Money

    1275 Words  | 6 Pages

    The common moral of many well known stories is that money doesn 't not equate to happiness. You can live life without money and yet maintain a blissful life. In "On the want of money" however, an essay written by William Hazlitt, the author outright denounces this cliche idea and points to money as a key ingredient to a prosperous life. He claims that money is one 's life line to success in this materialistic world as without it, you will be subjected to the constraints of poverty and it 's harsh effects. Hazlitt builds on his argument of the necessity of money through his use of powerful diction,clever syntax through long repetition,logos, and an assertive tone.

    Read More

  • The Theory Of Motivation For Costco

    1161 Words  | 5 Pages

    Abstract Motivation is the process through which people are stimulated to increase their actions and performances to accomplish the set goals for an organization or a company. Costco, a retail store created a culture that motivates its employee to keep coming back to work. The stimulating key factors for Costco employees are desire for getting more pay, opportunities for promotion, ability to be treated with respect by the headship of the company as family, and recognition by the customers to provide good customer service at low price. This paper has not only discussed the strongest motivational factors for Costco employee, but it equally suggested another motivational system that can allow employees to select their valued benefits from a list

    Read More

  • Performance Philosophy Vs Entitlement

    1746 Words  | 7 Pages

    A performance-oriented philosophy is followed; no one is guaranteed compensation just for adding another year to organisational service. Instead, pay and incentives are based on performance differences among employees. Employees who perform well get larger compensation increases; those who do not perform satisfactorily receive little or no increase in compensation. Thus, employees who perform satisfactorily should keep up or advance in relation to a broad view of the labour market for their jobs, whereas poor or marginal performers should fall

    Read More

  • Two Dimensions Of Motivation At Workplace

    1230 Words  | 5 Pages

    Motivation at workplace There are two dimensions of motivation; internal and external. Internal motivation refers to personal interest in doing something and external motivation refers to be persuaded by someone’s activity. The characteristics of motives are identified as: individualistic, changing, may be unconscious, often inferred, and hierarchical (Reece, 2014). Most important fact to understand motivation is the theories. Many motivational theories have been developed over time to study human behavior at the workplace.

    Read More

  • Theories Of Motivation In Nestle

    740 Words  | 3 Pages

    Next, there are four types of important theories of motivation which includes Maslow`s H Hierarchy of Needs Theory, McGregor’s Theory X and Theory Y, Herzberg’s Two- Factor Theory and McClelland’s Three-Needs Theory. These theories represent the foundation from which contemporary theories grew and still are used by practising managers to explain employee motivation. Motivation is an internal feeling which can be understood by manager because he is only one always close contact with the employees.” Motivation is

    Read More

More about Herzberg's Theory Of Money And Motivation

Open Document