Answer:
Step-by-step explanation:
Both financial and non-financial forms of motivation can be effective, depending on the situation and the individual.
Financial motivation, such as bonuses or commissions, can be a strong motivator for employees who are primarily driven by financial rewards. It can also be effective in encouraging employees to work harder and achieve specific goals. However, financial motivation may not be sustainable in the long term and can lead to a culture of greed or a focus on short-term gains.
Non-financial motivation, such as recognition, autonomy, and a sense of purpose, can also be effective in motivating employees. Non-financial motivators can create a positive work environment, boost morale, and foster a sense of loyalty and commitment among employees. They can also promote creativity and innovation, as employees are encouraged to think outside the box and take risks.
Ultimately, the most effective form of motivation will depend on the individual and the circumstances. Some employees may be primarily motivated by financial rewards, while others may value recognition, career development, or a sense of purpose more highly. A combination of financial and non-financial motivators may be the most effective approach, as it can address a variety of needs and preferences among employees