Þ Douglas McGregor - Theory X And Y
Þ Fredrick Herzberg – Two Factor Theory
Þ Elton Mayor - Human Relation School of thought
Þ Fredrick Winslow Taylor - Theory of Scientific Management Money as said is an important factor in motivating workers today, more so as the saying goes “money answers all things”. Going by economic terms money is simply defined as an official medium of exchange for goods and services, Money according to Cliffnotes is defined as “any good that is generally used and acknowledged in trade connecting the transfer of goods and services from one person to another”, it is therefore glaring that human would demand for pay for services rendered in an organisation. According to Fredrick W Taylor in his theory of Scientific Management, Fredrick argued that, workers should be paid fairly for a fairly days job. Fredrick however suggested the initiative that workers are motivated mostly by pay. Fredrick who was concerned about they pay attitude of management towards workers argued that workers do not obviously take pleasure in work and so need close direction, as a result managers should split down production into a series of tiny tasks, workers should then be given proper training and working equipments to enable them work as resourcefully as Possible on one set duty. Workers are then paid in line with the amount manufactured goods they able to produce in a set period of timepiece rate pay. Taylor reasoned that workers can only put in their best if they are well paid (monetary reward). Taylor discovered from his findings that management uses workers as a tool and at the end of the day pay them peanuts. This forced the workers to be unproductive and highly unmotivated on their job. Furthermore Taylor stated that management should not only be about surplus and high productivity but also be concerned about the welfare of the workers because if the workers are well motivated they would work harder to increase productivity and any surplus arising therefore can be shared between management and workers. Organisational management in the day of Taylor disbelieved this theory and as such they could not employ the ideas of Taylor on time, however they came to realise the importance of Taylor ideas and as such embraced it. According to Jim...