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Good afternoon one and all. I am here to look at some of the arguments
surrounding the question -is money the best motivator or not?
The primary reason why people have to work is because of money. People are
motivated by money the most, and cash is a fair and effective way for management
to show appreciation to hardworking staff.

It is not the only, it is one of the means to motivate people .money is not always
the solution, emotional and pride-based motivation does do the job effectively
well.

Basically, I prefer to look into it from different perspective, the perspective of

Abraham Maslow. Maslow pyramid is depicted as follows:

People join organizations at different levels, and from different sources and
experiences. There are interns, juniors, seniors, managers, executives, board
members«etc. Therefore, each employee category has to be understood and
motivated differently. Basically, managers have to know their subordinates and
understand their motivational needs in alignment with each slab of Maslow
Pyramid.

A junior and fresh graduate employee goes to work to satisfy his basic
physiological needs, in a majority of cases. He/She works to secure decent and
appropriate living (this does not negate that he/she also seek challenging job with
ability to innovate and lead. It¶s the priority that differs).
Khile, a senior associate with years of experience has a different motivational
need, that could belong to the slab of µesteem¶ or µself actualization¶. He is more
motivated if he is given the chance to lead an enterprise engagement, or address the
board of directors or work within a value system of innovation and confidence. It¶s
very likely to frustrate that senior associate if you try to motivate him monetarily
while disregarding his ability to lead or be exposed. In the same context, it might
be very inappropriate to reward a junior engineer with a best of the month
employee letter without any financial reward. Both employees have different
motivational needs and managers have to address these accordingly.

Both categories of employees might still share some of the motivational needs,
both have to be respected at work, and had confidence, however, at different
priorities, and this is why a pyramid representation is used to explain Maslow
ideas. I tend to think that for a junior employee, the basic needs of decent life are to
be met and addressed first.

Thus, I would like to conclude by saying

 Start by looking around,

 unow your people,
 Œank them accordingly and
 Then motivate them.

Thank you.