What do practitioners say about monetary incentive?
Date Submitted: 09/10/2006 04:51:04
Category: / Recreation & Sports / Tourism
Length: 4 pages (1154 words)
Category: / Recreation & Sports / Tourism
Length: 4 pages (1154 words)
When people are asked what they think about money, most people will response by using these sentences, "money is everything" or "Money can subdue even gods". As we can see, it can not be denied that money is so important for people. Therefore, Patton (1999) claims that monetary incentive is the best way to motivate employees to do their jobs better. He argues that employees will stop working if they were not offered a paycheck. It …
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…pp.101-103.
Romano, L. (2003), "Beyond reward: why cash is no longer enough", Strategic HR Review, Vol. 3, Iss. 1, pp. 12-13.
Sorauren, I. F. (2000), "Non-monetary incentives: Do people work only for money?", Business Ethics Quarterly, Vol. 10, Iss. 4, pp. 925-944.
Spitzer, D. R. (1996), "Power reward: Rewards that really motivate", Management Review, Vol. 85, Iss. 5, pp. 45-50.
Stajkovic, A.D. & Luthans, F. (2001), "Differential effects of incentive motivators on work performance", Academy of Management Journal, Vol. 44, Iss. 3, pp. 580-590.
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