theories of motivation

• Importance of employee motivation = motivated employees are more productive, more innovative and more likely to stay with the business
• Taylors theory = money motivates people
• Mayo theory = workers are not just concerned with money but could be better motivated by having their social needs met whilst at work.
• Herzberg theory = Believed in motivational factors and hygienic factors affect the level of motivation.
• Piecework (financial) = workers paid for tasks they finish
• commission (financial) = money a salesperson receives for selling a product or service to a customer
• bonus = A sum of money added to wages/salary
• Profit share (financial) = gives employees a share in their company's profits based on its quarterly or annual earnings
• Performance related pay (financial) = paying employees based on how well they perform their job.
• Delegation (non-financial) = where managers give a portion of their work to their subordinates.
• Consultation (non-financial) = where managers ask for and take into account subordinates views
• Empowerment (non-financial) = giving people greater control over their working lives
• Flexible working (non-financial) = working arrangements which allow employees to vary the amount, timing, or location of their work
• Job enrichment (non-financial) = attempts to give employees greater responsibility by increasing the range and complexity of tasks
• Job rotation (non-financial) = a practice of regularly transitioning all employees between different jobs
• Job enlargement (non-financial) = adding additional activities within the same level to an existing role
• Maslows hierarchy = hierarchy include physiological needs (food and clothing), safety needs (job security), social needs (friendship), self-esteem, and self-actualization.