Wednesday, January 10, 2007

Money as a Manpower Motivator

Money?

People commonly argue that money is a primary motivator.
For most people money is not a motivator - despite what they might think and say.
For all people there are bigger more sustaining motivators than money.
Surveys and research studies repeatedly show that other factors motivate more than money. Examples appear in the newspapers and in other information resources every week.

A survey by Development Dimensions International published in the UK Times newspaper in 2004 interviewed 1,000 staff from companies employing more than 500 workers, and found many to be bored, lacking commitment and looking for a new job. Pay actually came fifth in the reasons people gave for leaving their jobs.
The main reasons were lack of stimulus jobs and no opportunity for advancement: 43% left for better promotion chances, 28% for more challenging work; 23% for a more exciting place to work; and 21% more varied work and ...

Guess what?
Money came fifth with just 10%.
Can you imagine that?

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