This blog post makes reference to Peony Au’s Blogpost “Is Money the Best Motivator?”
In both of my Comm101 and Comm292 classes, we have learnt about motivation and how it effects an employees’ behavior. Out of all the motivational theory, McClelland’s Need Theory states that three main needs have to be fulfilled in order to motivate a person: the need for achievement, the need for power and the need for affiliation. In Peony’s blog, she states that intrinsic motivators(ie. creating a sense of autonomy) are more effective than extrinsic motivators (ie. Paying them more money). I too believe that is true because extrinsic motivators, such as giving a higher pay, may motivate the employees in the short term, but not necessarily in the long term. Instead, of giving out money, companies should create long term solutions that will motivate their employees such as fostering a sense of community and shared goals.
Relating this topic back to the video we’ve watched in class- Zappos, an online shoe and clothing website, successfully uses intrinsic motivators to keep their employees motivated rather than giving them higher pay for performing well each and every single time. This then generates a long term solution and results in the company in having low turnover rates and high employee performance within their workplace.
References:
http://blog.clarity.fm/how-money-can-hurt-employee-motivation
http://www.entrepreneur.com/blog/225041
http://blogs.hbr.org/2013/10/three-things-that-actually-motivate-employees/e
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