Is Money a Motivator

Some people argue that money is a main motivator through business and job opportunity, but is not always completely true as there are others factors to considers such as working conditions, environment and the peoples we work with. This essay discuss the arguments that are both for and against money being the key motivator in Singapore.

In most organisation, money is often seen as a prime motivator for employee in the government and corporate sectors. It empowers them to perform better and contribute to the organisation objective goals and productivity, however, following the shifting of economic conditions and social values, people's desire is dramatically changing. Most employee may feel that they are affected by internal and external pressures such as increase in consumers tax, price hikes or slow promotion, they will then start looking for better opportunity elsewhere. As a response, the management should look into offer a better benefits that is able to transform employee's lives, and will enable employers to retention talent and experience employees.

Can money really motivate us? Yes and No. Richer people tend to be happier than poorer people, the poor will find themselves being motivated in how can they could success in getting out of the poverty lifestyle through money management, motivation course or skills training and development program. When their financial status have stabilize with adequate personal saving, the level of motivation can be vary for different people. In the other words, they could continue stay as employment in the company until reaching the retirement age or venturing out their own business idea to increase their income, whichever influences them is determine on the risk appetite, experience and capability.

Loyalty, relationships, a particular type of work, or feeling generally comfortable about the organization’s culture, can be enough to keep people. It changes the business relationship between employer and employee from doing as little as possible for the pay, to the person wanting to do as much as possible.

Money not the main motivator for foreign workers.

There is a vast difference between foreign workers and professional who seen money as a motivator and the desire for achievement, respectively. Large group of foreign workers are not highly educated; having little opportunity in choosing the job they like, generally, the idea of working oversea earns them a salary that has a higher currency rates and clean environment to work in.

They are much more likely to see the company being driven by efficiency and by minimizing costs by hiring attractive low-wage foreign workers as to balance the budget or