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Some researches suggest that there is a positive correlation between monetary incentive and employees’ performance. The research conducted by Stajkovic and Luthans (2001) shows that systematic monetary incentive
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What do practitioners say about monetary incentive? When people are asked what they think about money, most people will response by using these sentences, "money is everything" or "Money can subdue even gods". As we can see, it can not be denied that money is so important for people. Therefore, Patton (1999) claims that monetary incentive is the best way to motivate employees to do their jobs better. He argues that employees will stop working if they were not offered a paycheck. It is ridiculous to think money can not motivate employees. However, although money is important for people, it does not mean that giving employees financial incentives can guarantee them work better (Spitzer, 1996; Kohn, 1998; Gardiner, 2003; Romano, 2003). Gardiner (2003) argues "we think other people are more mercenary than they really are". Of course, people like money, but money will not be effective if employees' other need is...
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