Money as a motivator
... level of satisfaction with wages, the higher the level of motivation and the harder they work, as illustrated in Fig 1.0. Fig 1.0. Relationship between level of satisfaction of pay structure and overall motivation on the job. The relation ship is not a one to one ratio but for our purposes there is a direct correlation between satisfaction level and motivation relating to the pay structure of the company. The level of satisfaction shows us that the pay structure within the organization is set up in a way that satisfies specific needs of the employees, such as food, rent and other utilities that are satisfied by capital. Maslow and Adelfer argue that, “pay should prove especially motivational to people who have strong lower-level needs”(Johns 164), as described above. The average satisfaction of the pay structure was significantly higher for the university student than the full time employees, 3.7 vs 2.6. This relationship is valid considering students have scarce amount of capital to spend, and any level of income can serve as a motivator. The ratio difference illustrates the power of money as a motivator for individuals who need to satisfy lower level needs. It was difficult to relate money as a powerful motivator for full time employees, and that is why our results are based on the average answer. Some managerial tactics that would improve the satisfaction level of the pay structure can in...