C/HR/22. Is it sufficient to rely upon money as a motivator in organisations?

The "motivation" phenomenon is critical for maximizing the return of investment of Human Capital. The available evidence indicates that organizations, which adopt a strategic approach to "motivation management" significantly, improve their competitiveness. This paper discusses the sufficiency of financial rewarding as a major motivating factor. On the basis of various motivational theories the discussion outlines the number of factors that affect human motivation in organisations. The argument is based on such theories as theory X, theory Y, cathexis, needs hierarchy, maintenance theory and complex man.