Motivation of our employees at American Axle is the most important issue facing our company today. The need to instill our employees with motivation is becoming ever more important especially with the shift towards a more socially and culturally responsive workforce. So how does a company find out what motivates its employees? How do they provide a motivational plan that includes incentives both traditional (money) and nontraditional elements? What will these elements be? How do we keep our managers focused on the plan and give them the tools they need to make the plan successful? What effect will our plan have on the working atmosphere of our organization? It is clear that organizations need motivation plans that motivate, provide desired incentives, keeps our managers involved in the process and results in increased value to the organization..
There has been a significant amount of time and energy put into the study of motivational theories.
The basis for these studies have been to come up with some working theory that explains what motivates an individual, why, and how this motivation is reliant upon both external and internal factors of the environment in which the individual is immersed. Our text lists several theories on motivation. The ones mentioned are:
The Hierarchy of Needs- this theory is based on Abraham Maslow's needs system, which states that as certain needs are met a shift upwards in the hierarchy occurs. The lower the need on the chain the more important it is to the individual and thus needs to be satisfied before others.
Theory x and Theory y- these two theories are based on a negative (theory x) and a positive (theory y) belief in humans. Theory x states that people dislike work and will avoid it if possible. It also says that safety is...