As a matter of fact, those who are in need of money will definitely fall for this equation. People who work overtime and earn money for the extra man hours is one such example. This may not seem attractive for those who are capable of meeting both ends with the perks and compensation they receive. Nothing can substitute money and it inspires the needy!
By
Resmi Maxim, GENERAL MANAGER - OPERATIONS, SI PROPERTY (KERALA) PVT.LTD.,
| 11 10 2009 08:44:32 +0000
I have no experience regarding this but I write this after certain observations made by me.This argument is mostly valid for freelance consultants who get paid according to the clientale and for this one has to put in more number of hours at work to satisfy the clients.With all due respect, the employees in the government services may come under the situation of not working extra time for money because of the type of payment policy, but people in the other services,in today's world may not have the guarentee to stick on to their jobs and also to expect money to flow once they decide to retire.So forgetting about being politically right, I would say that people would want to have that extra earning especially when they are in their prime ages of working capabilities to lead a secure future.
By
Ramya Gundavajhula, Post Graduate Student,University Of Melbourne
| 06 26 2009 03:55:05 +0000
Yes thats a human nature when we get something extra for same work then we put extra efforts into that work.And every one work for money so when you get extra money for same work .naturally people start to contribute their efforts more into that particular work.
By
vishab veer singh rana, Sales Manager.Met life India
| 06 16 2009 19:19:37 +0000
yes ofcourse, people do their job just because they are paid and that is the prime criteria for which they are there and for not any reason, and yes one will work more if they are paid more. See money pays all those bills right??
By
Anjali Sinha, Construction-Heavy, Sobha Developers
| 03 20 2009 12:23:23 +0000
According to me i think, irrespective of the cold war that is happening in the workplace, when one says you'll be paid more, one will think twice about the deal, and if he has nothing against his boss or where his ties are good with the company, i think one will accept the offer, may be many will not agree with me, but then if they are paying more one has to work more.
By
Shishir Mishra, Senior Consultant, Hewitt Associates
| 12 19 2008 14:10:09 +0000
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I strongly contradict the idea that people work more if they are paid more. High self motivation, longing for recognition, challenging work environment and a lot of various other factors influence people at work. Since no individual exhibits unique behavioural traits, naturally they differ in their performance levels. Monetary benefits fulfil emotional needs only at certain extent but can't influence the human abilities and productivity levels.
By
lakshmi ronanki, Program Manager, TalentSprint
| 10 21 2009 09:11:27 +0000
more money without a value system in place and motivational leadership culture would have a low ROI people taking the money and yet leaving like people accepting money in a corrupt democracry and voting for the other party as we keep hearing, while with less money and only emotional treatment people will say goodbye with a proud thank you as we are no more in the culture of a joint family system where people stick to their native place and relatives around with connectivity having improved in terms of travel and communications while there are always companies that pay much better in the age of globalisation and competition - retaining people and making them do wonders needs allround 360 degree motivation in terms of love, care, infrastructure, personal growth+ more money than the competitors enabling them care for the family and enjoy life without feeling meagre in terms of supply of allround resources for a quality of personal life at home with a secure future at a faster rate with freedom to leave the job and do something on his own too as a possibility. More money may not mean more productivity but could delightfully retain people with emotional motivational needs taken care of and other essentials as mentioned, and retaining people could mean company growth an indicator of company productivity interestingly to argue around. regards, kshantaram
By
kshantaram , GM-hrd/hr professor
| 10 19 2009 17:07:15 +0000
no they wont work more.....i'm sure people's r not machines.....&they always doing their job well for whatever salary they r getting......their is no necessary for paying more salary
By
satheesh , M.B.A student, VYSYA College,Salem
| 10 15 2009 04:56:40 +0000
Money is something Human being is never satisfied with.The craving never ends. At first People will work like machines for the more money offered.over a period of time he/she starts thinking that the rate /output ratio is insufficient and yearns for more.consequently the machine starts slowing down ,work satisfaction is lost (because its not work that satisfies it is the Money) As long as human being works on a interesting angle (money matters and should be balanced) the performance at work is naturally sustained and improved.If its Money that leads performance definetly lags.there are no two thoughts on this aspect.
By
Charles davison, Project Manager, Douglas OHI LLC
| 08 27 2009 09:40:31 +0000
Not all, and even if some people work they won't sustain for long time. The thing is, human nature is such that he may become money minded in the beginning. But in the long run, he would be preferring better work environment more than money. Majority of the employees would prefer job satisfaction over money in the long run....
By
Gargi Sinha, Senior Consultant, Hewitt Associates
| 08 26 2009 05:59:46 +0000
I disagree that people work better if paid more. It has been my experience that beyond the basic living expenses (will differ by person and his circumstances), more money is only a status or prestige or peer pressure. Many excellent workers I know have been working and working hard irrespective of their compensation comparision with their collegues. The prime mover for good work really is the "internal connection" the person finds for the work and the monetary satisfaction of his real needs. Just ask yourself - will you work more if you are paid more and sacrifice that vacation with your family, your parents 60th birthday celebrations, your child's prize?
By
Kannan , Project Management Consultant
| 08 26 2009 03:26:56 +0000
Let it be in the Indian context first. Hardly you may find satisfied with his or job today as repeatedly doind the same work leads to loss of interest as the promotion aspect will tend to minimise the intersts. Here comes the job diverification........ Else every one find in a cobweb........ Everyone does the work for which he is meant that does not mean if I am paid more I will strat that work for which i am not meant. If I am paid more I get motivated but prtior to that i a feel honoured and privileged if Recognized before everyone. I find my efforts being recognized.
By
KUMAR SAURABH JHA, Manager-HR & Admin
| 07 20 2009 15:39:31 +0000
a scene :::( from an english movie) employees working like a conveyer belt with sacks covering their heads with two hole for eyes :: the second in the chain staring at the feet of the first one :: and so on & so forth::( FILO :: LIFO ::) if you want permanent , efficient s....employees ::: golden rule :: instil fear in their heads ::: and make them work continuously ::: never let them think :: take their intelligence to their feet:: this model :: used in :: coal mines :: tea estates :; marble mines ETC. , ETC . , on foot soldiers( by erstwhile kings also just poke history) they don't talk , just work as if under a hypnotic spell :: if this business model is successful there , can be replicated else where too:; just mind food ???
By
Ajay Ziz, Dy. Registrar,, University of Jammu
| 07 10 2009 07:42:22 +0000
I dont think so!! Sales: People depend on the gratification that they get after the targets are crossed and not on the acrual in hand package! Here if the package is increased without increasing the incentives and the target bars!! HUGE MISTAKE :) Marketing: People here have spend a lot of time and money before they undertake tasks that are mental and is like living life on a chess board!! There aspirations are more package based than incentive based. So it is quite expected that higher the pay package more the time to be spent in the boardrooms and on the chess board!! :) Other verticals I am not so savvy so please excuse! In short, it cannot be such a communitative property. This is not an equation of equals to. Its all about the output against the paid out made! Anyone who realises this will be practical to deliver what is expected not a penny more not a penny less!!
By
Makrand Bhave, Marketing & MICE, WIZCRAFT International
| 07 09 2009 15:21:48 +0000
I complete disagree with this statement that people work more if they are paid more. Because I had observerd my seniors they used to predict that the work hard and carry forward the work of juniors by diminshing the work done by juniors. Though Money is motivating factor if the person had worked hard. Basically, the person works hard if he/ she has passion and the interest towards the work. Person are paid more when they have many yrs of experience. So, hard work of a person cannot be calculated with the salary he is getting, it can be calculated by the efficiency, revolution and appreciation made by others.
By
Eva Mishra, HR Executive, RNIS Pvt Ltd
| 07 09 2009 11:09:37 +0000
More Money = More Responsibility More Money = You can't say NO to multiple task More Money = You work 24 x 7 for an organization More Money = More chances of getting fired if something goes wrong If somebody is working with all the risk factor said above for less money, Is he/she not wasting his capabilities time and calibre. I think it is not to get overpaid but the salary should be justified for what your roles and responsibilities are.
By
Dinesh Raghav, Pre-Press Executive, Eli Research
| 06 30 2009 07:24:28 +0000
The answer should be NOT NECESSARILY. As we read in the basics of Personnel Management that motivation varies from person to person and his stage to stage.
By
Vivek Singh, Project Manager, L&T
| 06 30 2009 06:35:15 +0000
No, Money is one of the needs to satisfy. As per utility theory of Economics too. After a certain Income. personal leisure takes over Income. The last 7 yrs of experience have told the same thing to me. But above all you should create your own value which can nnot be measured in terms of money.
By
sujit Kumar, Marketing Manager, Wipro Peripherals
| 06 26 2009 04:14:29 +0000
Jayashree i agree with you that money is an important aspect to keep ourself motivated towards our work but don't you think so that if people are paid more than they deserve then instead of compensating it by doing more work they will take it for granted and start doing lousy work.
what do you think?
By
Jyoti Rath, Sr. Associate, Barclays
| 04 09 2009 06:05:42 +0000
No...!!!
1. Absence of Money - Leads to Demotivation
2. Sufficient Money - Avoids Demotivation
3. More Money - Not a Source of Motivation Either
Only Recognition/ Growth / Work Culture/ Challengin tasks etc are Motivators...
By
M NITIN SHENOY, PMP, IPMA-D, CEng MICE, Manager
| 03 25 2009 13:21:33 +0000
I agree.No quality job can be obtained without proper remuneration.Because for perfection in work we have to spend our energy, time and also money.If we are ready to put forward or ready to work hard why should we not to expect good remuneration. Money alone is not important. I agree, but with out money what we can get in this ecomic world.Therefore my conclusion is that good experience,education,perfection and sincerity should be supported by good remuneration
By
JAYASHREE , Accounts Executive/Accountant, Aditya Auto Products & Engineering I P Ltd,Doddaballapura
| 03 11 2009 08:29:45 +0000
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