How to motivate your employees

A critical discussion of the most common motivation theories in the age of New Work

Seminararbeit , 2022 , 38 Seiten , Note: 1,0

Führung und Personal - Führungsstile

The main objective of the term paper is to examine different scientific approaches of motivation and to discuss whether they are still suitable to today’s fast changing working environment and appropriate for the age of “New Work”.

In today’s business era of globalization and digitalization, highly skilled and motivated employees are more and more found to become a competitive advantage. Whereas mediocre employees might be sufficient to manage an average business, employees with a negative attitude towards their working life can destroy a flourishing company over time.

Increasing turnover rates within a company’s workforce, higher reject rates in terms of production and lower productivity are just some consequences resulting from decreasing motivation. On top of that, a higher motivation level is considered as having major influence when it comes to less staff absenteeism. In fact, there seems to be a direct link between employee’s overall engagement and their employer’s profitability, as companies with higher employee engagement are up to 21 % more profitable. Therefore, motivated and committed staff can be described as success factor and one of our economies’ most valuable assets, not only in the service sector. Although we know of these factors to be decisive for a fulfilling career and a business’ success, less than 20 % of workers world-wide are dedicated to their work, unfortunately. Altogether, motivation of employees can have tremendous economic side effects, which should not be underestimated.

Table of Contents

Table of Contents

List ofFigures

List of Tables

List of Abbreviations

1 Introduction

2 Definition of Terms
2.1 Motivation
2.2 Intrinsic and Extrinsic Motivation

3 Types ofTheories

4 Most common theories of motivation
4.1 Hierarchy of Needs
4.2 Motivation Profile
4.3 Two Factor Theory
4.4 Expectancy Theory
4.5 Goal Setting Theory & Management by Objectives

5 Critical Discussion of Theories in the Era of “New Work”
5.1 Definition and Overview
5.2 Classification and Evaluation ofTheories

6 Conclusion

References

• Hochschule: Hochschule Heilbronn Technik Wirtschaft Informatik
• Note: 1,0
• Autor: Elias Häffner (Autor:in)
• Erscheinungsjahr: 2022
• Seiten: 38
• Katalognummer: V1185334
• ISBN (PDF): 9783346614162
• ISBN (Buch): 9783346614179
• Sprache: Englisch
• Schlagworte: Motivation, Mitarbeitermotivation, Motivationstheorien, Maslow, Motivation Profile, Two Factor Theory, Expectancy Theory, Goal Setting Theory, Management by Objectives, Hierarchy of Needs, Herzberg, Locke, Intrinsic Motivation, Extrinsic Motivation