IN CURRENT ORGANIZATIONS, IN PARALLEL WITH THE ORGANIZATIONAL PROGRESSES, HUMAN BEING RESOURCES ARE PROGRESSING GRADUALLY AND LEADING TO A POSITION TOWARD THE UPPER LEVELS OF THE MASLOW PYRAMID. HENCE, EXECUTING MANAGEMENT MODELS BASED ON ENCOURAGEMENT AND PUNISHMENT THROUGH MONETARY AND FISCAL POLICIES WILL GRADUALLY LOSE ITS EFFECT ON MOTIVATION. IN THIS STUDY, CONDUCTED ON THE EMPLOYEES OF THE CENTRAL BANK OF THE ISLAMIC REPUBLIC OF IRAN— USING A SURVEY METHOD AND A QUESTIONNAIRE— HAS BEEN MADE AN ATTEMPT TO INVESTIGATE THE EFFECT OF SPIRITUAL FACTORS ON EMPLOYEES’ MOTIVATION THE RESULTS OF THIS STUDY SHOWED THAT EMPLOYEES OF THE CENTRAL BANK MAINLY HAVE A DEFICIENT MOTIVATION LEVEL, A LOWER PRIORITY OF META-NEEDS, AND THE MOTIVATIONAL PROCESS HAS MORE EXTERNAL DIMENSIONS FOR THEM. FURTHERMORE, THE EXISTENCE OF SPIRITUALITY, EVEN IN ITS EXTERNAL DIMENSIONS AND ITS LOW LEVEL, HAS A POSITIVE EFFECT ON THE AROUSAL OF THE EMPLOYEES OF THIS ORGANIZATION.