Discuss the benefits that accrue when an organization has a good understanding of employee needs.
To explain:
The benefits accrue to organization when it has a good understanding of employee needs.
Introduction:
Content theories state that in workplace employees are directed by their needs. If these needs are not met, they will be encouraged to meet the needs. The need for motivation actually offers direction. So, when an organization focuses on having a good understanding of its employees' needs then it will easily achieve the goals that it wants to achieve.
Explanation of Solution
The basic premise of Content theories is that human beings are driven by their needs. Unless their needs are fulfilled, they cannot concentrate on any other things. This applies for employees in workplace too. Different theories of Content theory state that needs differ among employees. If their preferred needs are fulfilled then they work to their full potential.
When a company gives importance to the employees' needs aspect then its path to succeed becomes easier. Employees are generally assets to the company and focusing on their needs means investing on creating more assets or increasing the productivity of the existing assets. More assets definitely enhance the revenue of the company. In this way, when a company learns to fulfill its employees' needs, it can enjoy unlimited beneficial effects. They are in the form of achieving any high level goal previously set; proper utilization of resources; saving time and money; formulation of effective business strategies; expansion of business rapidly etc. These will ultimately increase the revenue of the company and make its way to success relatively easier and faster.
Want to see more full solutions like this?
Chapter 14 Solutions
Principles of Management
Additional Business Textbook Solutions
Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
Financial Accounting (12th Edition) (What's New in Accounting)
Managerial Accounting (5th Edition)
Cost Accounting (15th Edition)
Managerial Accounting (4th Edition)
Principles of Accounting Volume 2
- How does real-time performance management compare to the traditional annual performance process? How can a real-time process help an employee be more effective? What are some potential drawbacks?arrow_forwardPlease explain the methods to improve employee performance? Explain one of the actual examples?arrow_forwardExplain, in some detail, the significance of the phrase "Science X Art" as it relates to the attempt to obtain a better understanding of employee motivation.arrow_forward
- How do the ramifications of ineffective performance management reverberate throughout the employee life cycle, impacting organizational productivity, employee morale, career development opportunities, and overall retention strategies?arrow_forward. Enumerate in what ways can employee rewards programs be leveraged to enhance employee well-being, mental health, and work-life balance in today's dynamic work environments?arrow_forwardWhat are the main factors influencing employee turnover and how can organizations address them through effective staffing practices?arrow_forward
- Expalin What role does performance feedback and coaching play in employee growth and career development?arrow_forwardWhat are the expected outcomes and benefits that an organization aims to achieve through the successful implementation of an employee orientation program?"arrow_forwardWhat role can peer support networks and mentorship programs play in supporting employee well-being?arrow_forward
