This paper discusses the rewards preferences for employees, two motivational theories, and organizational evaluation. McDonald Corporation is one of the fastest growing companies that fulfill the personal motivational needs of its employees.
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Motivate Me! Assignment
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1 MGMT 204 Table of Contents Introduction.................................................................................................................................................2 Reward preferences.....................................................................................................................................2 Motivational concepts and theories.............................................................................................................2 Organizational evaluation............................................................................................................................3 References...................................................................................................................................................4
2 MGMT 204 Introduction Theprimarypurposeof thispaperisto discusstherewardspreferencesforthe employees. Two of the motivational theories have been discussed for evaluating the engagement of the employees within the firm. Moreover, McDonald Corporation is one of the fast food firms which effectively meets the personal motivational needs of the employees. Reward preferences There are few of the traditional and non-traditional rewards that helps in motivating the employees towards the work processes of the organization. These are as follows: The traditional rewards are: Healthinsurance-Ithelpsinenhancingthehealthconditionof the concerned employees. Retirement plan- It provides security to employees after the competition of Job period or in the old age of the respective employee (Ahmad, Abbas, Latif & Rasheed, 2014). Housing- It helps in providing the desired platform to the employees so that they can own their respective houses. Bonuses- It motivates the employees towards work by providing them with extra remuneration in the form of bonuses. Incentives- The use of various incentives increases the will power of the employees to increase their desired output towards the organization. Non-traditional rewards: Childcare assistance- It helps in providing security to the development of employee's child in the future. Workplace benefits- It includes providing healthy food at the workplace like healthy tea, coffee as well as other sports facilities(Facer, Galloway, Inoue & Zigarmi, 2014).
3 MGMT 204 Appraisal programs- The implementation of appraisal programs helps in motivating the employees by recognizing their efforts in front of the other employees. Motivational concepts and theories Two motivational theories are: Hertzberg’s two-factor theory- The theory states that there are two of the vital factors which motivate the employees, these are motivator factors and hygiene factors(Kuranchie- Mensah&Amponsah-Tawiah,2016).Motivatorfactorsarethosefactorswhichleadto satisfaction as well as motivate the employees. Examples, Feeling recognized and enjoyed the work. The Hygiene factors are those factors which sometimes leads to dissatisfaction and lack of proper motivation if they are absent. Examples, salary, company policies, etc. Maslow’sHierarchyofneeds-Itconsistsoffiveimportantlevels,suchasthe physiological,safety,belonging,esteemandtheself-actualization(Kuranchie-Mensah& Amponsah-Tawiah, 2016). The psychological needs are important to survive, safety needs are important for physical and financial security, belonging needs are important for relationships, friends, and families, esteem is important to feel confident, and self-actualization is important to achieve everything. Organizational evaluation McDonald Corporation is one of the fastest growing companies that fulfill the personal motivational needs of its employees.The organization offers significant rewards such as incentives, health safety, bonuses, workplace benefits and appraisal programs which help in increasingthereliabilityandeffectivenessoftheentireorganization.Thesepersonal motivational needs are met by the fir since; employees are energized and motivated by the desired workplace befits, rewards as well as the flexibility in the workplace arrangement (Lazaroiu, 2015).The firm evaluates the performance of the employees and rewards them with the proper recognition by providing incentives, bonuses and other befits which enhances their concerned moral level.
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4 MGMT 204 References Ahmad, F., Abbas, T., Latif, S., & Rasheed, A. (2014). Impact of transformational leadership on employee motivation in telecommunication sector.Journal of management policies and practices,2(2), 11-25. Facer Jr, D. C., Galloway, F., Inoue, N., & Zigarmi, D. (2014). Creation and initial validation of the motivation beliefs inventory: Measuring leaders’ beliefs about employee motivation using four motivation theories.Journal of Business Administration Research,3(1), 1. Kuranchie-Mensah, E. B., & Amponsah-Tawiah, K. (2016). Employee motivation and work performance: A comparative study of mining companies in Ghana.Journal of industrial Engineering and Management,9(2), 255-309. Lazaroiu, G. (2015). Employee motivation and job performance.Linguistic and Philosophical Investigations,14, 97.