What Role Would Money Play in: (a) the Hierarchy-of-Needs Theory

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A1. What role would money play in: (a) the hierarchy-of-needs theory;
(b) the motivation-hygiene theory;
(c) the equity theory; and
(d) the expectancy theory?

Answer:
A1. What role would money play in: (a) the hierarchy-of-needs theory; (b) the motivation-hygiene theory; (c) the equity theory; and (d) the expectancy theory

Money plays different roles in different theories.
(a) For the Hierarchy-of-needs Theory, Maslow has set up a hierarchy of five levels of needs.
Physiological Needs
These are biological needs which are the strongest. Since this is the basic level for human being to survive and search for satisfaction
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Hygiene factors which do not give positive satisfaction, although dissatisfaction results from their absence. These are extrinsic to the work itself, such as Company policy, Supervision, Relationship with boss, Work conditions, Salary, Relationship with peers, Security.
According to Herzberg, individuals are not satisfied with lower-order needs at work, for example, those associated with minimum salary levels or safe and pleasant working conditions. Theses individuals look for the gratification of higher-level psychological needs such as achievement, recognition, responsibility, advancement, and the nature of the work itself. Motivation-hygiene theory, based on the presence of one set of job characteristics or incentives lead to worker satisfaction at work, while another and separate set of job characteristics lead to dissatisfaction at work. Moreover he found that job characteristics related to what an individual does is the nature of the work he performs, having the capacity to gratify such needs such as achievement, competency, status, personal worth, and self-realization, leading to satisfaction. However, the absence of such gratifying job characteristics does not lead to dissatisfaction. Instead, dissatisfaction results from unfavorable assessments of such job-related factors as company
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