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Dear All,

Recently I went through an article hope that you guys must find it fruitful and interesting regarding the motivational success so here it is ---

Every person has different reasons for working. The reasons for working are as individual as the person. But, we all work because we obtain something that we need from work. The something we obtain from work impacts our morale and motivation and the quality of our lives. Here is the most recent thinking about what people want from work.

Work Is About The MONEY

Some people work for love; others work for personal fulfillment. Others like to accomplish goals and feel as if they are contributing to something larger than themselves, something important. Some people have personal missions they accomplish through meaningful work. Others truly love what they do or the clients they serve. Some like the camaraderie and interaction with customers and coworkers. Other people like to fill their time with activity.

Whatever your personal reasons for working, the bottom line, however, is that almost everyone works for money. Whatever you call it:

• Compensation

• Salary

• Bonuses

• Benefits or remuneration

• Money pays the bills

To minimize the importance of money and benefits to people who work is a mistake.

Fair benefits and pays are the foundation stone of a successful company that recruits and retains committed workers. If you provide a living wage for your employees, you can then work on motivational issues. Without the fair, living wage, however, you risk losing your best people to a better-paying employer.

In fact, recent research from Watson Wyatt Worldwide in The Human Capital Edge: 21 People Management Practices Your Company Must Implement (or Avoid) to Maximize Shareholder Value, recommends that to attract the best employees, you need to pay more than your average-paying counterparts in the marketplace.

From China, Guangzhou
Hi saba, I just fairly agree to you . I feel compensation is one of the biggest force of motivation. There are several other factors that are equally important other than monetary aspect.... dips
From India, Delhi
Interesting

There's a stack of r esearch that says pretty much the opposite.

Only about 5% of people work for money above all else. The rest of us work for the money that enables us to do the things we are really motivated by. For example, if you have a love of snow boarding, then you will work for the extra money you need to buy the equipment, to go to artificial ski slopes so you can practice, and if you can afford it, to buy a trip to an alpine region and snow board for real!

This is where so many organisations get it wrong - they see employees asking for more money and assume this is the main motivator. They do not see employees asking for snow boarding trips etc. So managers just assume people are motivated by money. Strangely, ask a manager what s/he is motivated by, and it almost certainly won't be money.

Prof John Hunt of London Business School has done research in to this over the last few decades. I have a posting on this elsewhere on the forum - see #15562

What does seem to be clear is that there are dangers is assuming we know what motivates people, and that this motivator does not change over time.

Best wishes

Martin

From United Kingdom,
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