Presentation on Financial Motivation, Techniques, and Analysis

This presentation delves into the concept of financial motivation within a leadership and management context. It begins by defining financial motivation and highlighting its advantages, such as increased employee interest and higher productivity levels. However, the presentation also acknowledges the disadvantages, including potential inconsistencies and the risk of employee burnout. Following this, the presentation explores alternative motivational techniques, including extrinsic and non-financial motivation, comparing their effectiveness to financial incentives. Extrinsic motivation is presented as a method of commanding employees to bring out the best in them, while non-financial motivation focuses on recognizing employee efforts. The conclusion emphasizes the importance of financial motivation while acknowledging the value of other methods, citing references from various academic sources.

MOTIVATION

INTRODUCTION
 This presentation will highlights meaning of financial motivation and also advantage and
disadvantage linked with the financial advantage.
 After that presentation highlights two different type of motivational technique which can be used
and why it is good than financial motivation.
 In the end report concludes the variety of the important point which had been identified with the
help of presentation.

Advantage of Financial motivation
 Employee interest: By providing good sort of financial motivation, company is able to
improve the level of employee interest toward operation of business as they are
interested enough to carry out task to earn more.
 Higher productivity level: Providing financial motivation to the employee in the
organization help the company in improving the level of production, as employee are
more concentrated to work and provide result to an organization.

Disadvantage of Financial motivation
 In-consistence: It had been identified that motivating
employee with financial benefit is generally
inconsistency as bonus or incentive are given twice or
thrice in the year only.
 Burn out: Financial motivation may create the
situation where employee are burnout as they
generally used to work all day and night for reward
which generally tend to make them fed-up of
company. It had been also identified that after that
they generally looks to change their job as well.

Another Method of Motivation
 Extrinsic Motivation: It is another type of
innovation method which can be used in the
organization.
 Simple theory behind this sort of Motivation is that
employer used to feel commanding someone in the
organization is the best way through which one can
bring best out of the other individual.
 It had been identified that this type of motivation is
suited for simple activity, it is difficult to motivate
employee to do tougher task with the help of this
technique.

Another Method of Motivation
 Non Financial Motivation: It is another type of motivational technique which can be
used by the organization to motivate different employee.
 Theory behind the same is that all the employee are generally desire to recognized the
efforts which are made by them.
 So motivating employee by recognizing their in front of all the employee generally
help the company in bringing out the best performance out of all the employees in the
organization.

CONCLUSION
 After going through the presentation it had been understand that financial motivation is
one of the most important type of motivation which can be adopted by organization.
 As advantage offered by same is good enough to overlook the disadvantage of
technique.
 After that presentation concludes two other method of motivation as well. It had been
analysed that both of them are also good but financial motivation is the best motivation
out of all the three motivation technique highlighted.

REFERENCES
 Schunk, D. H. and DiBenedetto, M. K., 2020. Motivation and social cognitive
theory. Contemporary Educational Psychology. 60. p.101832.
 Koster, D., 2017. Motivation in the workplace.
 Kanfer, R., Frese, M. and Johnson, R. E., 2017. Motivation related to work: A century of
progress. Journal of Applied Psychology. 102(3). p.338.
 Chin, L. J., Berenson, J. A. and Klitzman, R. L., 2016. Typologies of altruistic and financial
motivations for research participation: A qualitative study of MSM in HIV vaccine trials. Journal
of Empirical Research on Human Research Ethics. 11(4). pp.299-310.
 Lampinen, A. and Cheshire, C., 2016, May. Hosting via Airbnb: Motivations and financial
assurances in monetized network hospitality. In Proceedings of the 2016 CHI conference on
human factors in computing systems (pp. 1669-1680).