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 constantly keep their employees motivated in order to derive better performances. However, during the historic pair of years organizational management has undergone significant transformation in the manner in which it seeks to motivate its employees. The conventional methods of offering extrinsic rewards or economic benefits to the employees in order to keep them motivated and garner high productivity and hence revenues, has become obsolete ever since the introduction of the concept of intrinsic motivation, which is required in todays workplace.One of the intimately commonly discussed economic ideologies is the fact that it emphasizes on the aspect of individual(prenominal) economic gain as a anchor motivating factor within an organizational environment. variant eminent theorists and authors such as Ed Schein, Abe Maslow and the likes have stat ed that employees have a higher-order personal unavoidably 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 ascent 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 view 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 also been observ ed in past researches that debates concerning employee