Classical Theories of Motivation
February 12, 2025
Scenario analysis is the third pillar of the framework suggested by the Bank of International Settlements in their Basel norms. In the previous articles, we have already studied a collection of internal and external loss data as well as the self-assessment of risks. However, it is important to note that the loss data collection framework […]
In the previous few articles, we have studied a lot about reinsurance. We are now aware of the various issues related to the field of reinsurance. However, up until now, we have assumed that reinsurance can be of only one type. This is not true. There are several different types of classifications that are possible […]
Politics arises when employees try to gain something which is beyond their control by tarnishing their colleague’s reputation. It has been observed that employees who are indulged in office politics pay less attention to their work. Individuals play politics at the workplace when they tend to misuse their power simply to come in the limelight […]
There are different kinds of change that an organization might undertake or be forced to undertake because of internal and external factors. The internal factors for change include reorganization and restructuring to meet the challenges of the future and also to act proactively to initiate change as a means of staying ahead of the competition. […]
In the previous few articles, we have studied how reinsurance contracts work. We now have a deep understanding of the type of relationship between the ceding insurance company as well as the reinsurer. We now know about the various types of clauses which are commonly included in the reinsurance contract as well as the financial […]
Abraham Maslow is well renowned for proposing the Hierarchy of Needs Theory in 1943. This theory is a classical depiction of human motivation. This theory is based on the assumption that there is a hierarchy of five needs within each individual. The urgency of these needs varies. These five needs are as follows-
According to Maslow, individuals are motivated by unsatisfied needs. As each of these needs is significantly satisfied, it drives and forces the next need to emerge.
Maslow grouped the five needs into two categories - Higher-order needs and Lower-order needs.
The physiological and the safety needs constituted the lower-order needs. These lower-order needs are mainly satisfied externally. The social, esteem, and self-actualization needs constituted the higher-order needs. These higher-order needs are generally satisfied internally, i.e., within an individual. Thus, we can conclude that during boom period, the employees lower-order needs are significantly met.
![]() | As far as the physiological needs are concerned, the managers should give employees appropriate salaries to purchase the basic necessities of life. Breaks and eating opportunities should be given to employees. |
![]() | As far as the safety needs are concerned, the managers should provide the employees job security, safe and hygienic work environment, and retirement benefits so as to retain them. |
![]() | As far as social needs are concerned, the management should encourage teamwork and organize social events. |
![]() | As far as esteem needs are concerned, the managers can appreciate and reward employees on accomplishing and exceeding their targets. The management can give the deserved employee higher job rank/position in the organization. |
![]() | As far as self-actualization needs are concerned, the managers can give the employees challenging jobs in which the employees’ skills and competencies are fully utilized. Moreover, growth opportunities can be given to them so that they can reach the peak. |
The managers must identify the need level at which the employee is existing and then those needs can be utilized as push for motivation.
Your email address will not be published. Required fields are marked *