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Money motivation ppt

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This brief provides the basics of 'why money is previewed' as the prime motivator for people, especially the working class. And, negate most of the different parameters of some major theorists and identifying the satisfaction 'optimization in different ways. See also the description of these slides in descriptive form, under the same heading.

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Money motivation ppt

  1. 1. 10-1 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 life Money Makes You Smile ! 1
  2. 2. 10-2 Money And Motivation A worker is working without any sign of interest. Looking de-motivated 2
  3. 3. John Enterprises: Where Employees are the Company 10-3 John Stevens have created a company for which people are motivated to work for the long hours. 3
  4. 4. 10-4 Motivating the Workforce Nature of human needs what motivates employees to perform better on the job is the prime importance of organizational Productivity. 4
  5. 5. 10-5 Motivating the Human resource What motivates? •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. 5
  6. 6. 10-6 Motivating the Human Resource Motivation Boosters: •Respect •Involvement •Appreciation •Compensation •Promotion •Pleasant work environment •Positive organizational culture 6
  7. 7. 10-7 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. 7
  8. 8. 10-8 Work-Life Balance Primary reason for accepting position 8
  9. 9. 10-9 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 9
  10. 10. 10-10 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. 10

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