Money: Akintoye (2000) asserts that money remains the most significant motivational strategy.
As far back as 1911, Frederick Taylor and his scientific management associate described money
as the most important factor in motivating the industrial workers to achieve greater
productivity. Taylor advocated the establishment of incentive wage systems as a means of
stimulating workers to higher performance, commitment, and eventually satisfaction. Money
possesses significant motivating power in as much as it symbolizes intangible goals like
security, power, prestige, and a feeling of accomplishment and success. Katz, in Sinclair, et al.
(2005) demonstrates the motivational power of money through the process of job choice. He
explains that money has the power to attract, retain, and motivate individuals towards higher
performance. For instance, if a librarian or information professional has another job offer
which has identical job characteristics with his current job, but greater financial reward, that
worker would in all probability be motivated to accept the new job offer. Banjoko (1996) states
that many managers use money to reward or punish workers. This is done through the process