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๐ƒ๐จ๐ž๐ฌ ๐ฆ๐จ๐ง๐ž๐ฒ ๐ฆ๐จ๐ญ๐ข๐ฏ๐š๐ญ๐ž?

๐ƒ๐จ๐ž๐ฌ ๐ฆ๐จ๐ง๐ž๐ฒ ๐ฆ๐จ๐ญ๐ข๐ฏ๐š๐ญ๐ž? Students of business studies usually begin their course with asserting that high pay motivates employees. As the course develops they discover more research and theories that challenge that belief.

๐‡๐ž๐ง๐ซ๐ฒ ๐…๐จ๐ซ๐โ€™๐ฌ ๐ž๐ฑ๐š๐ฆ๐ฉ๐ฅ๐ž Although the production line for the Model T - Ford was a profitable success, the soulless monotony of mass production created an annual Labour turnover of 350% for Ford. Ford doubled his employeeโ€™s pay from $2.25 a day to $5. Not enough Yet, Ford sensed that money alone would not satisfy his employees, let alone motivate them. Simultaneously, he reduced the working day from 9 hours to 8, which proved to be a significant advantage in an era when most employees worked a 60 hour week.

๐‡๐ž๐ซ๐ณ๐›๐ž๐ซ๐ โ€™๐ฌ ๐ญ๐ฐ๐จ-๐Ÿ๐š๐œ๐ญ๐จ๐ซ ๐ญ๐ก๐ž๐จ๐ซ๐ฒ Herzbergโ€™s research led him to conclude that pay was a satisfier rather than a motivator. Low pay prompted employees to seek higher paid employment. Well-paid employees were content with their position but good remuneration did not motivate them to work harder.

๐Œ๐š๐ฌ๐ฅ๐จ๐ฐโ€™๐ฌ ๐ก๐ข๐ž๐ซ๐š๐ซ๐œ๐ก๐ฒ ๐จ๐Ÿ ๐ง๐ž๐ž๐๐ฌ Findings from Maslowโ€™s research suggested that employeeโ€™s motivations changed as their career developed. Initially, employees were satisfied with employment that enabled them to have shelter and meet their basic physiological needs. Ultimately they sought status and self-actualisation from their work.

๐Œ๐ข๐ง๐ž๐ซ๐ฏ๐š ๐“๐ฎ๐ข๐ญ๐ข๐จ๐ง If you would like to receive assistance with business studies or economics, Minerva Tuition has teachers who would be delighted to help.

๐…๐จ๐ซ ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐จ๐Ÿ ๐ก๐จ๐ฐ ๐ฐ๐ž ๐œ๐š๐ง ๐ก๐ž๐ฅ๐ฉ ๐ฒ๐จ๐ฎ๐ซ ๐œ๐ก๐ข๐ฅ๐, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐œ๐จ๐ง๐ญ๐š๐œ๐ญ ๐•๐š๐ฅ๐ž๐ซ๐ข๐ž ๐–๐ž๐ฌ๐ญ๐จ๐ง ๐จ๐ง: Email: valerie.weston@minervatuition.com Phone: +852 6156 5705. We would be delighted to hear from you.

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