Money Motivates: A Study of Professionals in India

2019 Journal of Applied Sciences Research  
The present research was aimed to study choices of employees and potential employees among different set of motivators, both financial and non-financial in nature. A sample of 237 respondents was chosen from public and private sector organizations pan North India. Different set of motivators considered for the study were broadly categorized in financial and non-financial, and sub categorized into 11 categories, namely, Need Achievement, Need for Recognition, Growth Opportunities, Need for
more » ... ies, Need for Affiliation, Need for Power, Security Need, Work Life Balance, Fixed pay Monitory Benefits, Variable Pay Monitory Benefits, Regular Indirect Monitory Benefits and Luxury Indirect Monitory Benefits. The study on choices of motivators was done through repeated measure ANOVA in SPSS. The results show that majority of people prefer Power, Security and Financial Motivators as compared to Affiliation, Recognition, Growth Opportunities, Achievements and Work Life Balance. The result of the study also reveals that different demographics like age group, gender, sector of employment, Social economic status, Educational background, level of employment have no effect to choice of motivators.
doi:10.22587/jasr.2019.15.3.1 fatcat:jaudqydef5hcnnxd23zb2ihsoe