Management Essay Example | Topics and Well Written Essays - 1500 words - 24

Management - Essay Exampleodel, which has since long dominated the people management strategies adopted by managers in workplaces to unendingly keep their employees motivated in order to derive better performances. However, during the former(prenominal) couple of years organizational management has undergone significant transformation in the port in which it seeks to motivate its employees. The traditional methods of offering extrinsic rewards or stinting benefits to the employees in order to keep them motivated and garner higher productivity and so revenues, has become obsolete ever since the introduction of the concept of intrinsic motivation, which is required in todays workplace.One of the most commonly discussed economic ideologies is the particular that it emphasizes on the aspect of personal economic gain as a key motivating factor within an organizational environment. Various eminent theorists and authors such(prenominal) as Ed Schein, Abe Maslow and the likes have state d that employees have a higher-order personal needs which govern their behavior. There is a wide amount of literature which claims economic rewards as a key motivator however the evidence on higher employee productivity on account of intrinsic rewards has been mounting in the past couple of decades (Thomas, 20022).Extrinsic benefits or rewards commonly include monetary compensation as a primary tool of enhancing employee performance. However, despite its widespread acceptance, especially among the managers who watch out it as a most effective means of improving worker productivity, this method has attracted severe criticisms recently. A significant proportion of these criticisms are mainly on account of wide spread research, which offers empirical evidence regarding the failure of extrinsic motivation to ensure and sustain, long term organizational performance (Perry et al. 20093 Ingraham 19934 Kellough and Lu 19935 Milkovich and Wigdor 19916). Furthemore, it has excessively been observed in past researches that debates concerning employee