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Motivating employees: Is money or recognition more appreciated?

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Money
55% 359 votes Total: 655 votes
Recognition
45% 296 votes

It is non-capitalistic, codependent, and/or insecure behavior to work primarily for recognition. The primary goal and intention of employment is not to receive social recognition, therefore money is the more accurate indicator of employee motivation. This is not to say psychological rewards such as recognition don't have value because they do. However, to make this the chief motivator for employees is simply not in conformity with the principles of capitalism, individual economic objectives and cultural ethos.

EMPLOYMENT OBJECTIVES:

To illustrate further, work is where people go to perform duties and tasks that support an economy, and add value to the standard of living for self and community. For example, athletes compete in races because they love sport, fitness and competition, poets write poetry because creative expression has value, business person pursue business because it is in their nature. In none of the above examples, is recognition a main concern.

While it is neither outside the realm of possibility nor a non-existent reality many individuals seek recognition ahead of monetary reward it is quite possible such approaches to employment are A) In a minority economically speaking and B) objectively disorganized in terms of practicality and socio-cultural norms. In other words, the employment market is less designed for social recognition as it is designed for monetary reward and individual satisfaction.

THE NATURE OF CAPITALISM:

There is also a reason capitalism works, and communism has been demonstrated to fail in today's World. Human nature is such that motivation is tied to achievement, greater standard of living and success. While recognition is very much a part of some individuals model of success it is not the leading social and economic motivator behind the success of today's capitalism which is driven largely by the profit motive.

To explain further, capitalism is a system of economic thought and reality that taps into individual human nature. Human nature is driven by personal satisfaction and personal satisfaction is divided into a matrix of goals, needs, expectations and desires. Since money is so important to life and since money is obtained through employment, it logically follows individuals would first seek money from employment then recognition, especially when one can achieve recognition from personal relationships which fulfill individuals emotional and psychological objectives.

THE CULTURE OF INDIVIDUALISM:


Below are the top articles rated and ranked by Helium members on:

Motivating employees: Is money or recognition more appreciated?

Money
  • 1 of 30

    by Sean Curtis

    Recognition in the workplace is certainly wonderful. Everyone likes to receive praise for their effort and hard work....read more

  • 2 of 30

    by David Norris

    Which came first the chicken or the egg? We need recognition for our work in our lives. Everyone wants to be apprecia...read more

Recognition
  • 1 of 29

    by Lane Trawick

    Money is a very close second to recognition; but, it's still second. Studies have shown that appreciation (sincerely ...read more

  • 2 of 29

    by Heather Stewart

    I would say that recognition is more appreciated than money, I mean come on the man who empties the trash gets paid. ...read more

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