MGT A3 Essay Example | Topics and Well Written Essays - 500 words

MGT A3 - Essay Example This is because while money may motivate some individuals according to their preferences, it may leave others out especially if they are motivated by other factors such as power and autonomy. As such, managers must understand the different personality types of the employees (George & Jones, 4). Since personality is more permanent and hence difficult to change, they should embrace the different employee personalities and develop them by considering the most important motivational factors to each employee. There are five personality traits that may dictate what an individual considers as the best motivational factors. These traits include extraversion, neuroticism, agreeableness, consciousness and openness. These traits result in individual differences that make individuals unique, making money an insufficient motivational factor for all individuals in an organization. Other personality traits related to organization behavior include locus of control, self-monitoring and need for achievement. Individuals with a personality trait of locus of control may be motivated better by increasing his span of control and supervision (George &Jones, 8). The person with a need for achievement will be motivated by availing a challenging work environment where they can solve problems successfully. Yet the person with a need for affiliation is motivated when he interacts and networks more, and maintains healthy relationships. Therefore, focusing solely on money as a motivation factor leaves out people who are motivated by other factors other than money. Most employees in an organization despite their individual differences work hard to acquire higher status. Organizations assume that promotion is the only way to elevate a person’s status. However, there are other no-monetary methods to achieve the same objectives such as recognition of a person’s daily achievement and developing an employee’s personality. For example,