Theme 1 - Motivational Motivators

Question 1

Financial motivators

Answer 1

Financial motivators are money-based incentives that encourage better performance

Question 2

Examples of financial motivators

Answer 2

• Bonuses
• Salary increases
• Commission

Question 3

Advantages of financial motivators

Answer 3

1. Increased Productivity: They can drive employees to work harder and achieve better results.
2. Attracting Talent: Competitive financial incentives can help attract skilled workers.
3. Goal Alignment: They align employees’ goals with the company’s objectives, fostering a sense of teamwork.

Question 4

Disadvantages of financial motivators

Answer 4

1. Short-Term Focus: They may encourage employees to prioritize short-term gains over long-term success.
2. Stress and Competition: High-pressure environments can lead to stress and unhealthy competition among employees.
3. Limited Effectiveness: Over time, the impact of financial rewards may diminish as employees become accustomed to them.