What do practitioners say about monetary incentive?

What do practitioners think about fiscal incentive?

When battalion are asked what they think about bills, most battalion testament response by using these sentences, specie is everything or specie sight subdue even gods. As we base see, it raft not be denied that money is so important for multitude. Therefore, Patton (1999) pleads that monetary incentive is the best way to motivate employees to do their jobs better. He argues that employees pull up stakes stop working if they were not offered a paycheck. It is comic to think money can not motivate employees.

However, although money is important for people, it does not mean that giving employees financial incentives can guarantee them work better (Spitzer, 1996; Kohn, 1998; Gardiner, 2003; Romano, 2003). Gardiner (2003) argues we think other people are more mercenary than they really are. Of course, people like money, but money will not be effective if employees other need is ignored. Kohn (1998) states the correlation in the midst of money and writ of execution is not strong. Using money to incentive employees has virtually problems. Firstly, money does not have a staying power. Employees will forget this reward in two weeks. Furthermore, financial rewards exist companies a lot of money. Maintaining the same impact on employees requires change magnitude monetary rewards. Spitzer (1996) even argues that there is no correlation between money and high quality performance.



Money further can increase the quantity of performance at simple tasks. Cieri and Kramar (2003, p.475) claim most jobs have no physical output. Therefore, whether the performance of employees is good or not can not only be scaled by the quantity of output.

What do questiones say about monetary incentive?

Some researches suggest that there is a positive correlation between monetary incentive and employees performance. The research conducted by Stajkovic and Luthans (2001) shows that systematic monetary incentive...

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