Money as a Motivator: New Story Option

Money as a Motivator: New Story Option

Effect

The global shortage of pilots has seen airlines struggle in business. It is not that they are pressing demand for pilots but the ones already employed are cringing for a pay rise. The story, according to Robert Hackel of CNBC News, evinces that money affects how employee motivation. This fact brings to light the motivational effect money has on workplace behaviour. Airlines such as Qantas of Australia and Emirates are pouring resources to hire more pilots. Across Europe, pilots have formed unions, while USA pilots who bore with their airlines during bankruptcy received salary raises. The strikes and Unions created by pilots across Europe show their negative attitude at their workplaces due to low salaries paid (Hackel, 2018). The pay raises to the American employees is to motivate them to work hard and effectively. These cases show the effect money has on workplace behaviour can be made relevant.

Relevance

Money as a motivator in employees’ workplace behaviour should be relevant. Pay rise should only be to employees who achieve feats worth recognition. Significance can, however, is relative. For instance, an organization run by owners is likely to use money as a motivator according to changes in stakeholder values unlike the case of managers who focus on getting their performance, often short-term, done (Bhebhe, 2018). The raised salaries for employees who remained in the U.S. airlines were relevant in motivating them as well as for showing loyalty.

Even CEOs are motivated to work harder by salary increments. However, in their case, use of money is relevant and serves to make them propel the organization a notch higher. Canadian pilots are taking Jobs with airlines such as Emirates that pays better. For instance, money was relevant for a CEO such as David Calhoun make a transit from G.E. to a German private firm (Jeffery, 2020). Willie Walsh, a former pilot now a CEO, does not believe there are shortages of pilots but rather the relevant application of money as a motivator.

Importance

Money is not entirely crucial in motivating employees’ workplace behaviour. The loss of pilots Sri Lanka has suffered to Gulf carriers indicates the influence of money in motivating employees. Money is not only the purchasing ability but also power at the workplace. Bonuses and group pay, as well as individual incentives, would have seen the striking European pilots enjoy better conditions (Hackel, 2018). Money is, therefore, essential in retaining employees as well as to motivate their performance and behaviour at the workplace.

The Canadian pilots moving to the Middle East airlines show that money was important enough to convince them to stay and even have positive behaviour at their Canadian airlines. The pouring of resources by Qantas, in hiring employees from small players brings to light the fact it motivates employees at workplaces (Hackel, 2020). The high pay has made the pilots joining Qantas and Emirates less motivated at their first airlines while developing a negative attitude towards it. Its importance in motivating is because of an employee’s performance.

Non-significance

Money is not significant as a motivator in workplace behaviour without translating to corporate benefits. Sources of motivation should be emotional, and finances can trigger emotions. However, tragedy strikes when the primary goal becomes to earn more to remain motivated. Money is significant at attracting and retaining employees but can be a costly venture to keep them motivated (Bhebhe, 2018). The employees who remained at the U.S. airlines despite bankruptcy were perhaps sourced from other airlines but were lesser motivated by money for it.

References

Bhebhe, M. (2018). Is Money the Biggest Motivator in the Workplace? What We Learn from Real-Life Facts. International Journal of Applied Business and International Management, 3(2), 89-104.

Hackel, R. (2018, June 6). Airline Struggle with global pilot shortage. Retrieved from CNBC News: https://www.cnbc.com/2018/06/06/airlines-struggle-with-global-pilot-shortage.html?&qsearchterm=Boeing%20boss%20fired%20despite%20higher%20salary

Jeffery, A. (2020, Jan 13). New Boeing chief executive takes over with the 737 Max crisis Unresolved. Retrieved from CNBC News: https://www.cnbc.com/2020/01/13/new-boeing-chief-executive-takes-over-with-the-737-max-crisis-unresolved.html?&qsearchterm=Boeing%20CEO%20fired%20despite%20higher%20salary