Cash or Praise: What motivates you better ?

Praise can't keep you motivated for longtime, if your bank balance keeps reducing.

First we need cash and then praise.

oh, till now i am getting only praise not cash.............................

what to do with praises.............., it will not solve our problems (financial)

praise will help after retirement only.......

Nikhil

What a  miilion dollar question.....:)

In the present scenario,I would go for cash.If your definition of praise includes promotion,then i would go for praise.See memory is short lived.If a guy  has an option of increment on promotion and praise,i believe most of the people will go for the former.I have seen a trend in MNC's.To fit the bell curve,what they do is they give some people higher bonuses,some increment and good grades to some of them.So i would go for promotion,then increment and then finally cash..... :)

no cash no life , cash can buy praise not vice versa

Cash, Enough to support a party for well wishers for the PRAiSE

See you are working in an organisation for cash and not praise only. So it is cash reward or cash incentive which motivates employees better. Had it been praise only than you would not have been working. You would better be doing social service. If you get cash reward the praise comes along with it. Everybody comes to know of it very fast. Everybody reasons that he has got the cash reward because management recognises his or her work. So in the back of the mind of everybody praise is there.

Yes If you give praise also than the motivation is the most. So if cash reward is attached to praise in the form of a citation or a small gift. Than the motivation is the highest.

As an employee I prefer cash to praise and as an employer I prefer to give praise over cash.

however in both situations cash accompanied by praise is the best...!

Rohit is very right....

Cash always come after the recognition (Praise)...but it is more important....

Cash means you have been praised already....

Monay its not a matter for me....but when it comes, it always matter 

Of Course cash incentive which motivates to do better and also take care of the praise.

cash is more important..incentives and bonuses are more motivating....Praise is also a motivator. you can feel proud

praise without any incentive or cash is not worth much...But you can adjust,  if you are paid more and not praised for your work

YA ITS RIGHT THAT CASH IS LITTLE BIT UPPER THAN PRAISE .....BUT WITHOUT PRAISE ALSO V CAN'T B MOTIVATED...

ITS VERY MUCH SURE THAT TODAYS WAORLD IS TOTALLY PRACTICAL N WITHOUT CASH JUST THE PRAISE IS USELESS.

JUST PRAISE EVEN CAN'T FULFILL OUR BASIC NEED.....SO BOTH R REQUIRED WHEREAS..CASH IS  BIT SUPERIOR .......

Being a salesman ay heart - CASH makes me go gaga!! :))

But in the company hierarchy and the different factions everyone has a different view. The lower starta of people like the errand boys, peons etc should necessarily get CASH as a reward! As you move above the line the most unnoticed department is the administration & HR. I have never seen them being rewarded. They should be PRAISED in front of the company employees and maybe a cash incentive at the end of each successful year!!

To make a successful year, year after year the Sales team needs to be motivated and goaded to perform better through CASH incentives only. Marketing guys are generally paid a better CTC so an incentive at the end of the year in an envelope would work wonders!!

Production and IT employees should be should be incentivised on the basis of target production achieved. IT particularly cannot be really measured so appraisals and increments every six months should keep them soft enough to take care of the hardware :))

All in all - CASH form of praise works WONDERS all the time!! Thanks for the referral Ramanatha!

Cash motivate me better to have a value based living, but it cannot be denied that i need praise too. I give more waitage to price rather than praise because we can measure cash but we cannot measure praise, this we can only feel. Praise is a pschychological feeling or it can be described as inner feeling which cannot exactly be measured in terms of cash. Here we measure the worth of human being in terms of value which you can experience at your convinience, when ever you need. Praise can be experienced at the convinience of others only. Threfore personally i choose cash is better.

Show me one happy employee who always got praise but never received commensurate remuneration!

Suppose you are a beggar having nothing to eat, begging for some food.

Everyone you ask for food only praises for you but no one gives you money.

Tell me how long can you live? (without robbing anyone).

"Till there is cash you will never crash."

CASH!!!!!!! cash is required for food, clothes, home, education, retirement planning. if the bank account and pocket is full people are satisfied without praise.

Cash.. If you get cash.. means you are doing well and you will get praise. If there is nobody to praise even if you perform and earn good incentives and raises means there is something wrong with the management

Agree with Mr.Sudhir.According to me cash is the biggest motivation that one can get,and as sudhir said cash generally bring praise with it because if you are being paid higher than before then it's for the work you are doing and your work is being appreciated with which obviously there is praise......For me the biggest reward or motivation can only be in monetization form.

Cash as a tool of appreciation of one's work doesn't exist independently.  Cash accompanies praise.  However, just praise doesn't do the trick all the time.  It's always praise accompanied by cash that works (or some other reward in kind).  

A little cash didn't hurt anyone right (even if it leaves you a little disappointed that the money that was given wasn't enuff) :)

Cash is the currency of praise and recognition. You don't want to lose your best workers to better pay masters, do you?

Its cash that we all are motivated too, we could see employee hopping from one organisation because they are not paid well. So according to me its the cash which motivates better, From my experience, I feel that freshers and middle level employees/staffs  are mostly motivated by CASH than anything else...

Respected Madam, to some extent I agree, but practically majority of the people are motivated by cash only. As per your example for a peon, go-on praising him without giving increment, bones .. then he himself won’t listen our praises. Current situation is like that Cash is equal to Praise only (Cash = Praise).

regards,

I agree. money pays the bills, not motivation!

We need cash in every aspect of the life, after all with cash you can buy everything in life except love

people can fool you by praising but the fact remains money should come to you automatically

It is said Money Talks and Bullshit walks. I support Money though support is equally important. It all depends on what cause is being rewarded. People get motivated by different things, some people want the praise more than the money and vice versa

I absolutely agree with Deepali that both are needed equally.

When immediate praise works wonders, cash rewards at the end of the month ensures the sustainability of the performance level.

money rules the world

Praise is critical for ones own self esteem but in this technology\ procees world ones own output comes out very clear. Everyone knows who has done the best. So i go with CASH. As cash is also a form of recognition and it makes more sense to reward the employee with cash as the org has also made more money! So sharing of wealth first then praise or no praise i will work hard to get more wealth. People with strong self esteem i suspect do not yearn for praise.

Cash Meri Saaason Mein
Cash Meri Aankhon Mein
Cash Mere Dil Mein Bhi
Cash Meri Baahon Mein
Cash Meri Khwaabon Mein
Cash Meri Yaadon Mein
Cash On Mind Making Money All Da Time

:-)

both are essential, as cash is the speed and praise is the momentum.

AS far as CASH or Praise--> Successful CEOs given the example--They chosen Cash and taken Praise as addition

I can not understand the following things:

Under what impression a company will prefer giving certificate in stead of Cash apprisal!!!

Will a person who got good cash as apprisal, will miss PRAISE?

What is the motive---Are we inventing Nuclear Technology kinda stuff that we will accept PRAISE and give an emotional OSCAR speach?

(MY SECRET:If I was a HR guy I would have loved to have day dreams when people will stop taking salaries and will ask for international FAME on RED carpet)

It's right

at this market situation Cash is very much important, the thing is we doesn't when the company will hate our profile at that point cash will help us to do some innovative things. but i'll support to praise  

Taking into consideration the current situation, I think Cash will motivate anyone in a great way. Employee would love to get more money in times of slowdown.

Nowadays i think Cash is the thing which motivates you more. Once you are rewarded you are ready to do even do more hard work. Today the economy is bad so everybody is in a rush to earn more and more cash.

I mean cash in terms of incentives which motivates individual to do the work more efficiently.

Cash is the essential fuel of Mordern Society , cant be igonored

cash is the praise we all know, love and depend on. getting paid for your extra hard work is a fair reward, but also rememeber to do a days work for a days pay. Cash is the easist to use, to help yourself, others, and on and on.....

According to me cash motivates one more than anything. As the economy condition is bad and more and more people are losing jobs, if you get more money you are sure to work hard to earn more.

So money is the better motivator right now.