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Business Studies Igcse Section 2

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Submitted By ArmaanGoyal
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Motivating Workers

Motivation
Motivation is the reason why people work, and it drives them to work better. Therefore, managers try to find out what motivate workers and use them to encourage workers to work more efficiently. This results in higher productivity, increased output, and ultimately higher profits.
Motivation theories
People work very hard when they are working for themselves. When they work for other people, less so. Managers have been looking into what makes employees contribute their fullest to the company and these studies have resulted three main theories of motivation.
F.W. Taylor
Theory:
‣Money is the main motivator. ‣If employees are paid more, they will be motivated to work more. ‣Work is broken down into simple processes, and more money is paid which will increase the level of productivity an employee will achieve. ‣The extra pay is less than the increased productivity.
Cons:
‣ Workers are seen rather like machines, and this theory does not take into account non-financial motivators. ‣ Even if you pay more, there is no guarantee of a productivity rise. ‣ It is difficult to measure an employees output. Maslow
Theory:
Maslow created what is known as the hierarchy of needs.
In this diagram, there are 5 different types of motivation: ‣Level 1 - Physiological needs: basic requirements for survival. ‣Level 2 -Security needs: the need to by physically safe. ‣Level 3 Social needs: the need to belong and have good relationships with co-workers. ‣Level 4 Esteem needs: the need for self-respect and to be respected by others. ‣Level 5 Self-actualization needs: the need to reach your full potential and be promoted.
Businesses realize that the more levels of motivation are available to workers, the harder they will work. Maslow also suggests that each level of motivation must be achieved before going to

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