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Abraham Maslow's theory

In your opinion, is Abraham Maslow's theory of hierarchical needs applicable to practical business situations? Please give reasons in support of your answer.

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تم إضافة السؤال من قبل مستخدم محذوف‎
تاريخ النشر: 2014/07/29
Subhranshu Ganguly
من قبل Subhranshu Ganguly , Quality Analyst. , WIPRO

Yes it does. Especially in relation to the human resorce.

  • A new hire may be inspired with a high incetive but once he gets older in the organization he has other needs.
  • That is the reason to retain a tenured emploee epecially in the sales dept cannot be retained with high incentive alone.
  • He has to be given respect and sometimes it has been seen a special job role has been ceated just to give a respectable job role to a tenured emploee.
  • Sometimes it does not have much monetary value but  commands respect among subbordinates.
  • Hence after the basic monetary needs are covered the emploee wants recognition needs and self actuation needs.
  • All these needs have to be taken care of by the HR dept  to limit attrition of tenured emploes.
  • As cost of training an old emploee is high retaining a tenured emploee is as important as retaining an old customer.

 

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