Motivational theory is concerned with understanding what drives individuals to behave in certain ways and achieve certain goals. One key element of motivational theory is the concept of reward, which refers to any positive outcome or benefit that an individual experiences as a result of their behavior.
There are several different theories of motivation that have been proposed over the years, and each one offers a slightly different perspective on the link between motivation and reward. One of the most well-known theories is Maslow's Hierarchy of Needs, which proposes that individuals are motivated to fulfill their basic physiological and safety needs before moving on to higher-level needs such as social belonging and self-esteem. According to this theory, rewards such as food, shelter, and security are important motivators for individuals as they work to meet their basic needs.
Another well-known theory of motivation is the Expectancy Theory, which suggests that individuals are motivated to engage in behaviors that they believe will lead to desired outcomes. This theory emphasizes the importance of rewards as a means of reinforcing desired behaviors, and suggests that rewards can be more effective if they are perceived as being attainable and desirable.
The Self-Determination Theory also emphasizes the importance of rewards in motivation, but focuses on the role that internal factors such as autonomy and competence play in influencing behavior. According to this theory, individuals are more likely to be motivated to engage in a behavior if they feel that they have control over their own actions and if they believe that they have the skills and abilities needed to be successful. Rewards that support autonomy and competence, such as opportunities for skill development or recognition for a job well done, can be particularly effective in motivating individuals.
Overall, the link between motivational theory and reward is strong and multifaceted. Rewards play a key role in driving and reinforcing desired behaviors, and different theories of motivation offer different perspectives on how rewards can be used most effectively to motivate individuals. By understanding the different ways in which rewards can influence motivation, individuals and organizations can more effectively design strategies to encourage desired behaviors and achieve goals.
Link Between Motivational Theory And Reward Business Essay
So manager following a specific theory must provide reward based on the theory. Tesco also uses a method known as "360-degree appraisal" Business Case Studies, 2013. The group who received the unexpected reward, and the group who received no rewards, maintained a similar level of interest. The process is very important as it helps in determining the pay structure, job grades as well as pay relativities. This harmony is very important as it creates a better working environment thus creating space for staff retention. An example is a student that spends extra time studying for a test because he or she wants a better grade in the class. For example, Tesco motivates its staff by good communication, by giving responsibility and involving employees in decision making.
The Link Between Motivational Theory and Reward
Mangers may reward their employees by providing weekly or monthly bonus or free lunches, many managers reward their top employees by praising them. Promotion improves employee morale and job satisfaction. For instance, Tesco has two approaches in job evaluation process. However, reward system also boosts profit, where a company has good opportunity to make profit because employee works honestly and carefully. In an attempt to explain motivation, there are different theories which have been put across to explain this concept.
Theories of Reward and Motivation
The other theory is put forward by Herzberg. Intrinsic rewards are inclined to give personal satisfaction to an employee, such as information, feedback, recognition, trust and relationship. This theory is first rejected by Sam Glucksberg in his experiment. Promotion is one of the most important types of reward system, where an organisation rewards an employee by moving them from their position to a higher position. It can be said that reward is the positive achievement of employees for their sincere motivation. This shows credit of the work that staff does and rewards them.
Link Between Motivational Theory And Reward
In Amway the planning for resources is very important for the management of all the activities. In Tesco Company, salary raise has been one of the most adopted reward system in the company. Mayo concluded that workers are best motivated by: Better communication between managers and workers Greater manager involvement in employees working lives Working in groups or teams. Manager following X will focus more on punishment rather than reward. Tesco has good pension schemes as well as insurance covers which plays a great role in motivating employees. It provides the basis for designing an equitable grade and pay structure, grading jobs in the structure and managing job and pay relativities. The Journal of Politics, 75 1 , 266-280.
Link Between Motivational Theory And Reward
Tesco uses Maslow theory because it suggests the company if they achieve one level then it motivates them to achieve the next one. These functions are: Workforce planning : This is essential for each and every organization to plan their work force for the future needs. San Diego, CA: Centre for Strategic Management :. It can help to increase customer satisfaction level which can leads to increase profitability of of the business which is a common goals for every company Boxall, and Macky, 2009. MOTIVATION IN BUSINESS: Companies can motivate employees to do a better job than they otherwise would. It is very important for the performance development of the employees to bring out the best outcome from them. This assumption is also based on the principle of reinforcement,Hull 1951 suggested that successes in achieving goals and rewards act as positive incentives and reinforces the successful behavior which is repeated the next time a similar need emerges.
