Money can motivate some under certain conditions. For money to motivate an individual's performance, certain conditions must be met. First, money must be important for the individual, but it is not important for everybody. High achievers, for instance, are intrinsically motivated; money would have little impact on these people.
Second, broad-based stock options sound great as motivation because employees see themselves as owners rather than just workers.
Third, achievement, power, and affiliation are three important motivations at work. The drive to excel, to achieve in relation to a set of standards, and to strive to succeed motivates many. Similarly, power involves the need to make others behave in a way that they would not have otherwise, and finally, the desire for friendly and close interpersonal relationships is a tremendous motivation.
Certain factors such as company policies and administration, supervision, and salary when adequate in a job placate workers. Relationships with seniors, supervisors, work conditions, relationships with peers, the company's overall image, performance appraisals, growth, and learning factors are all motivators for some or others.