You might remember Maslow\'s Hierarchy of Needs from other college courses you\'
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Question
You might remember Maslow's Hierarchy of Needs from other college courses you've taken. Think about the various stages or levels of needs described in the Hierarchy. Explain how an employee's stage in the Hierarchy might affect the type of benefits he/she desires What, if any, are the implications for organizations as they try to design benefits packages that their employees will value? (If you need a refresher on Maslow's Hierarchy of Needs visit http://www.managementstudyguide.com/maslows-hierarchy-needs-theory.htm.)Explanation / Answer
As per Maslow’ needs hierarchy, every employee has some needs which he wants to fulfill at the workplace. If the needs are not taken care of, his motivation level comes down and he becomes a passive employee.
Maslow suggested a hierarchy of needs, whose fulfillment helps in keeping the employee motivated in the company:
The inability of the company to increase employee salary and the basket of fringe benefits led to non-fulfillment of the most basic need of the employees’ i.e. physiological need. Physiological need is concerned with the basic amenities required for sustenance. Money fulfills most of the basic needs. As the employees are not getting compensation and benefits as per the industry standards, their morale has come down and is getting reflected in their performance.
Safety needs usually cater to the job security aspect of an employee’s mindset. If the employee feels that his job is not secure or he is not safe at the workplace, then he does not gives his 100% at work.
Love and belongingness needs define the interpersonal relationships that an employee enjoys at the workplace. For example: acceptance at the workplace, trust and connect, etc.
Esteem needs are the need of respect and recognition. Usually an employee craves to get recognition for his work and gets happy well he is rewarded. If the company does not respect or recognize an employee’s job, he usually feels dissatisfied and demotivated.
The need of self-actualization is the need in the highest hierarchy. This basically highlights the need to realize and capitalize on the personal potential as well as self-growth of an employee. This self-growth leads to self-content of the employee and thus he can be considered as the most motivated and satisfied employee in the company.
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