Use of Maslow’s Hierarchy of Needs Theory in Motivating Employees
Motivation is one of the most important factors in increasing productivity, boosting performance, gaining a sustainable competitive advantage, and achieving organizational goals at the lowest possible cost. It is a close factor relating to terms such as formal authority, charisma, rewards, and punishment: and indeed, a key factor in management that is frequently overlooked. As a matter of fact, motivation becomes an essential tool for increasing productivity with limited financial resources. Many theories have been proposed, and much research has been conducted on motivation for analysis purposes (Jonas, 2016). Maslow’s Hierarchy of Needs Maslow's Need Theory is said to be one of the foundational principles of psychology, and it has been applied to a variety of fields such as organizational behavior, organizational & behavioral economics, and management studies and beyond. It has been applied in the fields of organizational behavior, organizational economics, and mana...