Management Has Changed And Along With It Have The Motivators Within The Workplace

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Over the last two hundred years, management has changed and along with it have the motivators within the workplace. It is vital that managers are able to motivate employees to perform at maximum productivity and due to the importance of motivation, several theories have been developed to ensure this. While some theories have been around longer than others, the information found within them can still help managers motivate staff today with some being more effective than others. The principal agent theory as stated by Frey B (2002, p. 60) questions “How can mangers, as representatives of the organisation, best ensure their subordinates do what is best for the organisation”. Managers must then be able to provide their employees with an…show more content…
“The materialistic type represents the classic view of man of... “Pay for performance”” (North, K, Gueldenberg, S 2011, p. 56). These types of workers will only increase their productivity consistent with an increase in money. There are several ways in which managers are able to motivate these types of workers, the most common being performance related variable wages, along with this, managers can choose to motivate their staff through a whole variety of stock option plans. Performance related variable wages work by splitting an employee’s annual income into two portions, fixed and variable. The variable portion acts as a motivator which helps employees achieve personal objectives set to them via the company / supervisor, and only if these objectives are achieved is the employee paid his salary in full. There is no doubt that for income maximisers and status seekers that remuneration is a real motivator. Income maximisers upon achieving their targets are then given the funds which enable them to purchase those goods and services which they desire, and are thus motivated to reach their set objectives. While status seekers focus their interests away from materialistic items and more towards ““assets of position” such as power, title, official designation and company cars” (North, Gueldenberg 2011, p. 57) the exclusivity of such items makes these items so desired
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