This report examines the theories of motivation and their application in the modern workplace, focusing on people and system management. It covers the concept and types of motivation, including financial and non-financial aspects. Various motivational theories, such as Maslow's hierarchy of needs, Herzberg's two-factor theory, McClelland's theory of needs, and McGregor's theory X and theory Y, are discussed with practical examples from real-world organizations like Tesco, Tesla, and Unilever. The report also highlights the advantages of implementing motivational practices, such as reduced absenteeism, lower staff turnover, improved management-worker relationships, enhanced employee performance, and better customer service. The conclusion emphasizes the importance of understanding and applying these concepts to maintain employee satisfaction and improve organizational functioning.
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