Motivation Factor In The Workplace

Motivation factor plays a vital role in business management. It is a psychological behavior that would drive the internal force of an individual to achieve personal and organizational goals. When an individual is motivated, it gives them a reason to put more efforts to their work. Remuneration is the reward received for the work performed. It consists of monetary rewards like salary. It has been the focus of considerable research on whether remuneration is the only motivator in today’s workplace. It is undeniably an important motivator for the employees as it satisfy our basic psychological needs. However, I do not agree that remuneration is the only motivator in today’s workplace, although it is a core motivator for employees.

Remuneration is an example of extrinsic rewards. This method of motivation is best used for employees with little interest in their work and is only motivated by the desire to gain external reward. Hence, little effort would be put into their work. By paying the employees well can only retain them, not motivate them.

This would adversely affect the moral of the employees as they feel that their contributions to the company are not recognized. This article also supports that with the lack of appreciation from the managers will only cause the employees to endure their jobs for the sake of their salary. (Nelson, 2002) As a form of appreciation towards the employees managers will use tangible and intangible rewards to motivate employees. Profit sharing is an example of tangible reward. An example of intangible reward is to praise employees for their