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Money Is The Biggest Motivator Commerce Essay

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Published: Mon, 5 Dec 2016

Money is the biggest motivator of people at the workplace. Most people are motivated by money. According to Alison Griffiths, journalist of Metro Canada, survey showed that 53 percent of Baby Boomers in Canada did want to earn more money while 32 percent of them did plan to open a own business after retirement to earn more money too. Besides that, Reuters (2012) also stated that 31.4 percent of Americans aged from 65 to 69 were still working in year 2010, compared to year 1990 with a lower percentage which is 21 percent. These showed that Baby Boomers value money as an important motivation factor. For example, A Generation X employee tells a Boomer manager that he had been working too hard and request for taking an off for family vacation. Instead of saying thanks, the Boomer replies, “I work to get ahead, to get a promotion, not for a vacation.” The Boomer manager then gave the employee a bonus, rather than a vacation (Hammill, G., 2005). In contrast, Generation X seek a work-life balance where they will take less money if they are given opportunity to work lesser hours and have time off to spend with family or take a vacation. For them, money act as an incentive or reward but it does not add value to the job. Whilst, Boomers are attracted to position and even more money rather than placing value on vacation time or flex time. According to Mcshane (2010), Generation X and Generation Y employees expect a more egalitarian workplace. For them, money is an important factor but it is not a standalone. A study by Accenture consulting firm found that 50% of middle managers were interested in new job that provide benefits such as more time off rather than more pay (Williams, R., 2010) Thus, money is very important to employees for number of reasons. I firmly believe that money is the major and biggest motivator at the workplace. Some of the motivation theory model also explains the importance of money as a major motivator factor such as Maslow’s Needs Hierarchy Theory, ERG Theory, Equity Theory and etc.

Today is my birthday.My parents will take presents to me.I think the best present it is a money.I can shop with that money any thing.Because present dont no take and a money you can save any thingI dream about the laptop as this computer but portable.And if I was given money I'd probably be able to start saving for your dream.It is unlikely parents will learn about your dream and buy the laptop and they will not be asked about what you want for your birthday after all, a gift should be a surprise.Because money is the best gift.Everybody dreams about money.Because they much you can buy everything except love,hope and faith.But you can buy many necessary things.And I really want to get a present from parents for money.