Even though money is one of the primary mechanisms managers use for motivating people in the workplace, why wouldn’t money be treated as a higher-order factor on any of the four theories of motivation?
What will be an ideal response?
Generally, money sits with lower-level needs: safety and physiological for
Maslow’s hierarchy of needs, existence for Alderfer’s ERG theory, and hygiene factors
for Hertzberg’s two-factor theory. Money provides us with food, housing, clothing, and
all the necessities of life. Most people who live in modern societies and work in
contemporary organizations receive a paycheck that affords them a certain standard of
living. This means their lower-level needs are already being satisfied. Instead, the
theories state that people focus on higher-level needs, such as belongingness, esteem,
and self-actualization according to Maslow, relatedness and growth for Alderfer, and
Hertzberg’s motivator factors. Money is not as important here according to these
theorists.
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What will be an ideal response?