Theories of Motivation Content Theories (older theories): Herzberg’s 2 factor Theory Hygiene Factors- Salary, benefits, job security, supervisor/peer relationships Motivation Factors- Recognition, Power, Achievement, Advancement Maslow’s Hierarchy- see previous notes Clayton Adler’s EGR Theory- motivation is based on having three needs met E- existence needs G- growth needs R- relatedness needs Process Theories (newer theories): Vroom’s Expectancy Theory- motivation is based on three things: Valence- Is it possible for me to achieve the work? Instrumentality- Does this work lead to a reward? Expectancy- Is the reward something I value? Equity Theory- I’m happy until I detect some inequity- i.e. someone earning more $. Goal Setting Theory- People are motivated by setting goals and achieving them- based on the intrinsic satisfaction of achievement. THEORIES OF MANAGEMENT (D. McGregor): Theory X: -People inherently dislike work -Employees must be coerced into working and achieving desired results -Managers must be authoritative and autocratic Theory Y: -People inherently like work and want to do their best -Managers job is to encourage and facilitate employees to perform at the optimum level