In the highly competitive environment, MBA professionals need to motivate the employees in the organization. There are several factors that contribute to the motivation and the MBA Professionals should find out which factor motivates which employee. Factors which are positive will be effective than negative feedback and other factors in motivating the employee. There are several theories that explain the motivational factors which are described below.
Maslow’s Hierarchy of Needs
This theory related to motivation defines that motivation is starting from different needs like physiological needs, safety needs, social needs, needs for improving esteem, and need for self actualization. It is being said that only after fulfilling the lower needs one will go for higher needs. Keeping a structure exclusive for entry level employees like management trainees are kept to motivate the new employees so that they become loyal to the company.
Herzberg’s Two-Factor Theory
This theory consists of the factors that are related to hygiene which will create a positive and negative effect on the employer. Factors like working conditions pay scale, status in the company etc are some of the factors comes under this. For improving the motivation factor of employees it is necessary to show some achievement and recognition among their peers. It is being said that these factors can make the employees perform well.