In steady running companies, employees need motive to go on with their calling and do their companies ‘ net income become the upper limit. Harmonizing to Hall ( 2008 ) , motive can be categorized into two groups: content theories and process theories of motive. The first theory, content theories, included the theories of Maslow, McGregor, McClelland and Herzberg, is chiefly talk about the fiscal motive methods for the employees. The other one, procedure theories are influenced of Vroom, Porter, Lawler and Adams, is concentrated on the non-financial motive methods. Therefore, they are two chief ways to promote the employees to work. However, de-motivated work force will go negative parts of companies and may cut down the quality of work. Money is one of incentive, however, incentive included different countries which depend on different people ‘s demands. For those grounds, it is necessary for a company to put up logical fiscal and non-financial motive methods in order to avoid de-motivation and happen suited solutions.
Fiscal motive is an of import incentive for employees to do high quality of work, and this chiefly satisfy the employees ‘ physical demands such as nutrient, safety and remainder. In 1899, Taylor said “ A just twenty-four hours ‘s wage for a just twenty-four hours ‘s work ” ( Hall, 2008, 375 ) , some employees need to be encouraged and given fillip wages or rewards to hold motive. Hence, to hold the fillip wages or rewards ‘ premiss is to hold a just twenty-four hours ‘s work. Money is one of the basic things to people earn their life in the society, nevertheless, the fiscal motive can do employees hold energy to work hard on their callings. For demands of people, Maslow set up the hierarchy of demands which can assist companies and directors to make a suited categorization of encouragement for the employees ( Simons, 1987 ) . Harmonizing to Figure 1 ( Pires, 2009 ) , it clearly shows that fiscal motive can fulfill the physical demands of the employees which are in the underside of the pyramid, and this sort of motive can promote them in a practical manner. Nevertheless, hapless wage may take to employees being dissatisfied, which can do other non-financial wagess less effectual in actuating them ( Hall, 2008 ) . From the above, fiscal motive is more suited to utilize in short term because it can fulfill the current demands of the employees such as money, nutrient, H2O.
Maslow ‘s hierarchy of demands diagram
Figure 1 ( Pires, 2009 )
However, non-financial motive can fulfill the employees ‘ psychological demands which include love and belonging, esteem demands and self-actualisation ( Hall, 2008 ) , and these are at the top of the Maslow ‘s hierarchy diagram. Non-financial motive methods encourage people chiefly without utilizing money. For case, occupation enrichment efforts to give greater duty which can promote employees to develop their accomplishments ( Hall,2008 ) , the company could give the opportunities for the employees to travel on board to analyze or take the suited working environment as they want alternatively of merely giving them bonus wages or rewards. Hence, this sort of motive can be used for the long-run consequence which can do the employees in the company have more challenges in their work and experience of import to the company. The non-financial motive method can go a long-run consequence because it can do employees experience assurance and be trusted which can fulfill their psychological demands. In this manner, employees can be more motivated than merely given them money. Hence, non-financial motive can be used at the long-run consequence if companies have a strong demand of the employees and hope they can work for a long clip.
Although fiscal and non-financial motive methods can gain net incomes to the companies by encouragement of employees, that may besides convey some de-motivating effects if they are non used in a logical manner. For illustration, fillip wages or rewards can non fulfill the demands of employees, or the benefits given by the companies non just plenty which may do the employees feel negative. Furthermore, if the fiscal motives are non used in the right manner, it will do awful errors with the company ‘s entire capital. For case, ABC News Medical Unit ( 2009 ) reported that Wal-Mart encouraged ill employees to work during the clip H1N1 grippe was predominating in USA and given them bonus wages, which may take to a big figure of people to be contagious to flu. Therefore, the company ignored the jobs out of finance may take to some of the concatenation reaction which might do influence to the company. Fiscal motive methods may besides hold the disadvantage of overrating employees, which should non be ignored and directors need to work out the jobs instantly. If non-financial motive is overused, companies may confront a human resource job such as do non hold adequate basic workers and have excessively many directors which may do the company to put off employees. De-motivation will endanger the company and do the entire gross lessening.
Therefore, it is emergently to work out de-motivation jobs in companies. Accel-team ( 2010 ) said that understanding motive is to understand human nature itself, which may be simple but besides may be complicated. Therefore, to cognize what the employee demands, the directors of the company should make some research about the employees and do the most logical program for their motive method. Based on Herzberg ‘s theories, it is necessary to make satisfiers which are different from high wages ( thetimes100, n. d. ) . For illustration, when an employee does non had any demands or aspirations, it is difficult to do he or she have motive to work, if companies have a figure of employees who do non hold motive, that will be difficult to gain more net income for compines. Stockley ( 2005 ) said that it is really of import to hold a good managed wage system in topographic point, however, just and sensible wagess are indispensable and really of import for strong morale. In the procedure of work outing motive jobs, directors play an of import portion. In order to run the company better and maintain the net income growth, to detect what employees need is necessary. In the company, fiscal motive can be one of the elements of the encouragement scheme, but it can non be the lone manner and it is suited to utilize in the short-run. Puting up a logical direction of motive can do the companies run steadier.
In decision, fiscal and non-financial motive methods can assist a batch with actuating the employees in companies which can develop entire gross. However, if the motivation method can non be used in the logical manner, that may do a serious job with the finance and human resource in companies. In my sentiment, directors in companies need to hold a clear program of the motive methods and kind out the fiscal and non-financial motive into different degrees, that can equilibrate the income and result of the capital in the companies, it besides can do the employees choose different sorts of motive which can fulfill their different countries of demands. Furthermore, with a logical direction of motive methods that can do the employees made high quality work which can convey benefits for both companies and the employees themselves. Furthermore, the directors can creative the motive for the employees so they will hold end to work on. A motivated worker can experience fulfilled when they are working hard, that is of import for both the companies and himself or herself. Consequently, holding a logical program for fiscal and non-financial motive can develop companies ‘ and the employees ‘ abilities which can acquire the both sides.