chapter 2 A-F Flashcards
Human resource management
the organisation of employees’ roles, pay and working conditions
Communicating business objectives
Increased job satisfaction reduces the number of employees leaving the business, reduces the cost of recruiting and training replacement employees. Make a profit
Motivating employees
Increased job satisfaction improves the quality of goods and services manufactured and delivered. Increases customer satisfaction which increases sales. Increase market share
Increased job satisfaction motivates employees to
work harder. Increases sales and therefore profit, allowing a higher dividend to be paid. Meet shareholder expectations
Supporting employees
Increased job satisfaction promotes employees contributing
innovative ideas. The business is better able to meet customer needs. Fulfil a market need
Monitoring performance
Increased job satisfaction increases employee support for business initiatives. Improves the success of initiatives that aid the community or reduce waste. Fulfil a social need
Maslow’s hierarchy of needs
a motivation theory that suggests employees have five fundamental needs which they strive to fulfil in a set order.
Physiological needs
the basic requirements for human survival, such as food, water, and shelter. A manager can satisfy the physiological needs of their employees by paying them a living wage.
Safety and security needs
the desires for protection from dangerous or threatening environments. To satisfy safety needs a manager can ensure that their workplace is abiding by all OH&S regulations, employees are trained to use dangerous equipment and protective clothing is available to all employees. To satisfy security needs a manager can provide long-term employment contracts to enhance job security and introduce anti-discrimination policies.
Social needs
the desires for a sense of belonging and friendship among groups. A manager can satisfy social needs by encouraging team-based work, celebrating employee birthdays, and organising
collaborative events to commemorate important milestones
Esteem needs
the desires to feel important, valuable and respected. A manager can fulfil the esteem needs of employees by recognising high performance with rewards, expanding job responsibilities and promoting employees to higher positions.
Self-actualisation
the realisation of one’s full potential through creativity and personal growth. Employees who reach self-actualisation strive to achieve personal growth and advancement through their work.
Advantages of Maslow’s hierarchy of needs.
- Employees who reach self-actualisation can improve business performance to a higher degree.
- Employees can work in an engaging environment that allows them to reach their full potential.
- Motivation can occur quickly when employees move up the hierarchy.
Disadvantages of Maslow’s hierarchy of needs.
- Assumes all employees are motivated in the same order.
- Not all employees will be motivated by the same needs at once
- It may be time-consuming for a manager to determine the level of each individual employee
Drive to acquire
the desire to achieve rewards and high status. motivated to receive both financial rewards and non-financial rewards for their work.
Drive to bond
the desire to participate in social interactions and feel a sense of belonging. Motivated to engage in social activities with others to develop positive relationships.
Drive to learn
The desire to gain knowledge, skills and experience. Motivated to improve their capabilities at work through training, mentoring and taking on new tasks.
Drive to defend
The desire to protect personal security as well as the values of a business. Motivate employees in two different ways. Firstly, on an individual level to protect themselves from harm. Secondly, on a collective level to protect a business from harm.
The advantages of Lawrence and Nohria’s four drive theory
- It can provide managers with a simple framework to motivate their employees.
- If all four drives are met, employee satisfaction is likely to increase.
- Satisfying drives can increase employee performance and therefore business profits.
The disadvantages of Lawrence and Nohria’s four drive theory
- It may be difficult for a manager to manage all four drives at the same time.
- Employees may not value all drives equally.
- Determining the suitable drives for individual employees may be time-consuming for a manager.