AoS 2 Unit 3 Flashcards
motivation
what drives a person to apply individual effort over a sustained period of time
two variables that drive motivation
reward & punishment
what Maslow believed
maslow believed all people have needs to be satisfied and will work towards satisfying those needs
Maslows hierarchy of needs
self actualisation
esteem
love/ belonging
safety
Physiological
self actualisation (maslow)
morality, creativity, spontaneity, problem solving, lack of prejudice, acceptance of facts
esteem (maslow)
self-esteem, confidence, achievement, respect of others, respect by others
love/ belonging (maslow)
friendship, family, sexual intimacy
safety (maslow)
security of: body, employment, resources, morality, family, health, property
Physiological (maslow)
breathing, food, water, sex, sleep, homeostasis, excretion
how Maslows theory translates to the business environment
self actualisation- opportunities for creativity, autonomous problem solving
esteem- appreciation or recognition, promotion, responsibility
social- being accepted as part of a team, forming professional relationships
Safety- safe working conditions, job security
physiological- satisfactory pay to access water and food, secure shelter
Locke and Latham’s goal setting theory
Locke- employees are motivated by clear goals with appropriate feedback on their achievement of the goals
goals needed to be challenging and clear, and employees need to be committed to meet the challenge, with recognition given to efforts being made
Latham- tested Lockes theory, results endorsed the strong connection between goal setting and work performance
Five principles of goal setting (Locke and Latham)
Clarity
Challenge
Commitment
Feedback
Task Complexity
Clarity (L&L)
Goals should be simple and specific, everyone should understand what is expected and the result that will be rewarded, time frame built into goals so there is a clear end date for it to be achieved
Challenge (L&L)
the goal should extend the employees but should still be achievable and relate to business objectives, people are often motivated by achieving something they have not successfully completed before, completing tasks that are highly valued by the employer/manager can also motivate, significance of the challenge should guide the reward for achievement
Commitment (L&L)
for an employee to actively pursue goal achievement, employee needs to be driven to do so, the greater the input from the employees in goal setting, the more likely they are to commit, which means a more challenging goal can be set, leading to greater rewards
Feedback (L&L)
frequency of feedback depends on timeframe of goal, recognise progress achieved, make adjustments, clarify expectations, can be formal or informal- may have milestones for expected progress
Task complexity (L&L)
should not overwhelm employees, but should challenge them, additional training may be required to ensure skill development and goal attainment, task allows employees to contribute to the objectives of the business
Lawrence and Norias four drive theory
they identified four main drives that shape how humans think and behave
to acquire
to bond
to learn (comprehend)
to defend
acquiring and achieving (L&N)
desire to acquire objects, status, influence and resources
- remuneration comparable to competitors to retain quality staff
- monetary rewards for performance
- perks of the position
- acknowledge the performance of staff-set expectations
- career pathway opportunities
bonding and belonging (L&N)
driven to connect with people, fit in, be a part of common cause, support others
- managers interact with all employees in a positive manner
- teamwork and collaboration encouraged and recognised
- staff encouraged to support team culture
- recognise personal milestones and achievements
- foster friendships between employees
comprehending and learning (L&N)
driven to develop skills, to understand, to explore, be challenged
- engaging tasks or range of work tasks
- opportunities to gain skills and experience
- support employees in gaining skills and qualifications
- each set of duties should be valued and make a contribution to the achievement of the business objectives
defending (L&N)
driven to protect people and things, remove threats to safety and security
- welcoming workplace, intimidation not used as management strategy
- fair and transparent processes for rewards and recognition
- employees can voice concerns without fear of reprisal
- develop atmosphere of trust
financial motivational theories
pay increases - wage/salary rise as incentive to work hard and make significant contribution to the business
bonus - one-off payment for meeting particular targets, often at christmas time or when targets have been met
commision - usually a fixed percentage of the sale price
share plans - registered company can offer shares in the ownership of the business
profit sharing - offering a fixed percentage of business profits as an incentive to raise profit levels, amount varies according to profit
gainsharing - encourage employees to suggest ideas for productivity improvements, with the savings being passed on to employees, therefore improving employee engagement
pay increases adv & dis
adv- predictable and easily calculated, clear target for new employees to aim for
dis- difficult to pay if employees performance declines, jealousy and low morale of employees doing the same job for less
bonus adv & dis
adv- flexible to suit each employee because bonus is confidential, only paid for performance improvement
dis- conflict between employees if bonus confidentiality is breached, dissatisfaction by employee if decreases
commission adv & dis
adv- low cost to employer, motivates sales staff to close the deal
dis- high staff turnover if base salary is too low, differences in staff may lead to morale issues
share plans adv & dis
adv- employees have an interest in increasing profits, employees feel a sense of ownership and belonging to the business
dis- fluctuation in share prices may mean employees investments are not secure, employees can’t sell the shares until they leave the company
profit sharing adv & dis
adv- rewards improvement in profits, easily calculated and transparent
dis- does not vary between employees so does not reward individual performance, external factors may drop profits, employees may feel cheated