lo2 Flashcards
name three motivational theories
- maslows hierarchy of needs
- mclellands theory of needs
- mcgregory theory x & y
define maslows hierarchy of needs
maslows hierarchy of needs have five levels,
physiological,safety,love and belonging,esteem and self actualization
define mclellands theory of needs
mclellands theory of needs states that every person has one of three driving motivators - achievement, affilation & power. we develop these through our culture and life experiences
define mcgregory theory x and y
theory x assumes that employees dislike work , theory y assumes that employees like work and flourish in the environment as well as being self motivated
what are two methods of employee motivation?
monetary and non monetary rewards
list examples of monetary rewards
- bonuses
- fringe benefits
- maternity/paternity schemes
- performance related pay
- profit sharing
- workplace creche
- workplace pension schemes
list examples of non monetary rewards
- delegation
- empowerment
- flexible working
- job rotation
- opportunity for team working
- promotional opportunities
benefits to businesses having motivated employees
- increased level of production
- improved customer loyalty
- increased customer satisfaction
- improved employee engagement
- higher quality products
- lower absenteeism levels
- lower levels of labour turnover
how a business will measure the success of employee motivation
- customer feedback
- employee feedback
- labour turnover rate
- market position
- repeat customers
- reputation of a business