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It must be mentioned that although a
high salary is not the only motivator, it can act as an incentive to work more
productively;
"Pay buys the goods and services that people want to satisfy other needs. The
more boring the job, and the less its intrinsic interest the greater the
importance of money as a motivator and incentive to effort"...
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Hammond (1988).
An organisation offers both intrinsic and extrinsic rewards to its employees.
It must be realised that pay is only an extinsic reward. Employees derive
intrinsic rewards from the job itself, for example an employee may be motivated
by the degree of authority given at the work place or the sense of achievement
derived from completing their task (achievement motivation)...
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