SAC2A Flashcards
Managing employees
The activities and tasks involved in getting the very best out of the employees who are working for you. Motivation Training Performance management Termination Wages and condition of work.
Maslow : Hierarchy of needs
Maslows motivation theory is the needs theory. It is based on a hierarchy of what employees need. The hierarchy is physiological, safety, social, esteem and self actualisation. Once a level has been fulfilled the person move up.
Locke and Latham - goal setting theory
Is the theory based on goal setting. According to Locke and Latham the goals need to be clear and challenging, but realistic.
Lawrence and Nohria : four drive theory
Is the theory that humans have four drives. The drive to acquire, the drive to bond, the drive to learn, and the drive to defend.
Performance related pay - motivational strategies
Is a salary or wages system based on how well an employee works, the greater the production, or the greater the number of sales. For example real estate agents get paid commission of the houses they sell.
Career advancement - motivation strategies
Is the prospect and opportunity of developing your career through being promoted or taking on new roles. This can motivate employees to perform well and acquire new skills and knowledge.
Investment in training - motivation strategies
The business pays for training programs to develop the individual employees, or group of employees skills and knowledge. This makes them more efficient and effective in their role.
Support - motivational theories
This involves the manager meeting with the employees and verbally instilling belief and aspiration in the employee. It is important to monitor them to help overcome problems and seize opportunities.
Sanction - motivation theory
Refers to the punishments for failure to meet or comply with a business objective. The sanction may be in the form of a pay penalty, lost promotional opportunity, requirement to complete work task again, ect…
Managing employees and business objectives : motivation
When employees are motivated, and are happy to be at work, customer service and productivity becomes better and that leads to making a profit ( business objective)
Managing employees and business objectives: training
When employees are trained well, and are better skilled in their role, they perform better at work because they are empowered and they have the proper knowledge and skills to do their job well. This leads to making higher profits and that will fulfil a market share or social need.
Managing employees and business objectives
Managing employees. Business objectives
- Motivation. 1. To make a profit
- Training. 2. To fulfil a market/social need
- Performance management 3. To increase market share
- Termination management. 4. To meet shareholder 5. Wages and conditions of work expectations
Self actualisation
Is the need for fulfilment of personal potential. In a business application this is opportunities for advancement and promotion.
Esteem
Is the need for independence and recognition. In application to a business this is recognition and reward in the workplace.
Social
Is the need for relationships and belonging. In a business application this is teamwork, social activities like “staff functions “. Important to build relationships in the workplace