Business: why people work

why people work

Money

To pay for necessities and luxuries.

Security

Know that your job and pay are safe.

Social needs (affiliation)

Feeling part of a group or organization, meeting people, making friends.

Esteem needs (self-importance)

Feeling important, feeling that the job you do is important.

Job satisfaction

Enjoyment is derived from feeling that you have done a good job.

Benefits of a well-motivated workforce

A well-motivated workforce is motivated to work effectively which will in turn profit (high productivity).

Maslow’s hierarchy of Needs:

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Full potential, being promoted and given more responsibility.

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Status/recognition, being given recognition for a job well done.

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Team, work colleagues who support you.

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Protection, job security.

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Food, Rest, shelter, wages high enough to meet weekly bills.