According
to Maslow’s Hierarchy of Needs, which is also a motivational theory, an
individual performs at optimal when all physiological needs, safety, love,
sense of belonging, confidence and high self-esteem are met (McLeod 2007). This aligns an employee to have
clear values and goals.
While
employee motivation is the key factor for an organization, it also has many
benefits that are effective for employee’s personal growth and has greater
positive effects to the organization. In a recent study carried out in India,
retaining the more faithful and efficient employees proved quite important in
building an effective organization as hiring new employees could mean loss of
company assets and is usually a monotonous process (Jai, Gupta and Bindal,
2019).
Maslow’s Heirarchy of Needs
The
answer to how a company motivates its employees to stay longer and be more
effective lies in the difference between intrinsic and extrinsic motivations. Intrinsic motivation
drives an employee to engage in a self- rewarding behavior and is not affected
by any external factors. On the other hand, intrinsic motivation helps an
employee to perform better to earn rewards and avoid punishments. Both forms of
motivation play a significant role in terms of performance (Cherry, 2022)
It is
suggested that employee motivation needs to be studied
further as major contributing factor in a business organization as well as a
vital stimulant directing human behavior ranging from differences in
attitude and behavior with every other individual, organizations need to
implement practices to match all its employees (Verma, 2018).
REFERENCES
Cherry, K. (2022),
Extrinsic
vs. Intrinsic Motivation: What's the Difference? verywellmind.com [Online]Available at: Extrinsic
vs. Intrinsic Motivation: What's the Difference? (verywellmind.com)
[Accessed on 15.11.2022]
Finch,
C. (2013), It’s Not All About the Money: 3 Ways to Motivate Employees. Business
Growth and Strategy. Available from It’s
Not All About the Money: 3 Ways to Motivate Employees | Vistage Research Center [Accessed
on 10.11.2022].
Jain,
A, Gupta, B and Bindal, M (2019), A Study of Employee Motivation in
Organization. International Journal of Engineering and Management Research,
9(6) 2394-6962. Available from https://doi.org/10.31033/ijemr.9.6.11 [Accessed on 10.11.2022]
Varma,
C. (2017), Importance of Employee Motivation & Job Satisfaction for
Organizational Performance. International Journal of Social Science &
Interdisciplinary Research,6(2) 10-20. Available from https://www.researchgate.net/publication/329698335 [Accessed on November
10,2022]
Good content Deyan, Furthermore, According to Smith & Cronje (1992), the way Maslow’s theory is explained relies on the fact that people want to increase what they want to achieve in life and their needs are prioritized according to their importance. Deriving from the hierarchy of needs by Maslow, content theories of job satisfaction revolve around employees’ needs and the factors that bring them a reasonable degree of satisfaction (Saif et al., 2012).
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