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People work (job security, social needs, self satisfaction, money, vital…
People work
job security
social needs
self satisfaction
money
vital needs
job satisfaction
Motivational theories
Taylor
engineer
mechanical theory
observe the most efficient employee
money = main motivator
want workers to obey, not think
financial rewards
piece rates (not pay for time worked but for quantity)
reward those who meet these targets
based on targets
Maslow
self actualization
esteem needs
social needs
safety needs
physiological needs
psychologist
Herzberg
Motivators
Hygiene factors
work conditions
salaries
security
de-motivate if not present
many factors that are more important than money
Motivating factors
2
Non-financial rewards =
fringe
benefits
free articles
discounts
free trips (airline)
free lodging
corporate car
phone
medical plan
presents
free lunch
free insurance
1
Financial rewards/ motivators (money)
wages
time rate
piece rate
salaries
monthly payments
fixed amount
comission
salesmen
low salary+how much you sell
selling houses
profit sharing
bonus
according to performance, usually once a year
share ownership
shares according to performance
3
Types of job satisfaction
job rotation
workers swapping round (change places)
people get trained in several skills and dont get bored
job enlargement
extra tasks of same level of responsibility added
job enrichment
Well motivated emplyees = higher output
Unhappy emplyees = lower output
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