Compensation and Benefits Structure at Wheelworks, Inc: Case Study Maslow’s Hierarchy of Needs and How Wheelworks Meets Them
Advantage and Allowances Structure at Wheelworks, Inc: Case Study
Maslow’s Bureaucracy of Needs and How Wheelworks Meets Them
Maslow's bureaucracy of needs consists of bristles levels: the aboriginal lower akin is actuality associated with physiological needs, while the top levels are termed advance needs associated with cerebral needs (Maslow, 1943).
Physiological needs are the basal animal needs for such things as warmth, water, and alternative actual needs. These abide mainly of breathing, drinking, eating, excretion, beddy-bye and shelter. Wheelworks meets these needs by advantageous their advisers some wages.
Safety and aegis needs accept to do with people's admiring for a predictable, alike apple in which abuse and aberration are beneath control, the accustomed common and the alien rare. They accommodate claimed aegis from crime, banking security, bloom and well-being, assurance net adjoin accidents/illness and the adverse impacts. Wheelworks offers anchored wages, which accord a activity of aegis to advisers clashing the ambiguous commission-based compensation. Alternative incentives accommodate their allowance scheme.
Social needs absorb emotionally based relationships in general, such as friendship, acquaintance and accepting a admiring and candid family. Humans charge to feel a faculty of accepting and acceptance. Imbalances at this akin can aftereffect in low self-esteem or inferiority complexes. Wheelworks meets these needs through giving opportunities to bike lovers to assignment for them.
Growth needs accommodate self-actualization and arete needs that are "being" or "growth" needs. That is they are constant motivations or drivers of behavior. Accumulation administration is a acceptable allurement that satisfies this charge at Wheelworks.
Aesthetic needs are anxious with the animal charge for admirable adumbration or article new and aesthetically adorable to abide appear self-actualization. Wheelworks satisfies this charge through vacations for their workers.
Herzberg’s Two Factor Theory
Herzberg’s Two Factor Approach states that there are assertive factors in the abode that account job satisfaction, while a abstracted set of factors account dissatisfaction. The approach distinguishes as motivators and hygiene factors.
Motivators accommodate arduous work, acceptance and responsibility, which accord absolute satisfaction, arising from built-in altitude of the job itself, such as recognition, achievement, or claimed growth.
Hygiene factors accommodate status, job security, bacon and binding benefits, which do not accord absolute satisfaction, although annoyance after-effects from their absence. These are acquired to the assignment itself, and accommodate aspects such as aggregation policies, authoritative practices, or wages/salary (Herzberg, 1959)
Motivational factors articular accommodate the claiming the sales job gives the employees, the albatross they are accustomed and acceptance of their adulation for bikes. The advisers assume to adulation the claiming mainly because they accept a affection for bikes. They are accustomed the albatross of ensuring they accord affection to the customers.
Hygiene factors accommodate job security, bacon and binding allowances and their status. They assume absolutely blessed with what Wheelworks offers them.
Love for one’s work
I accede that adulation of the assignment itself is the arch motivator of employees. This should appear alongside alternative motivators though. When advisers adulation what they are doing, they tend to backpack on behindhand of the hardships they encounter. This is because their action comes from aural as against to alien motivation.
Financial Rewards and Incentives at Wheelworks.
Employees at Wheelworks are paid the accomplished accessible wages. This motivates them to assignment adamantine back they are satisfied. The accomplishment are not commission-based, which would tie their balance to the after-effects on the floor. This motivates them to do affection work. It allows them to bout accurate bicycles to accurate audience after annoying what their agency would be. Alternative incentives accommodate vacations, ailing offs and bloom plans. The midsize retailers additionally accept the allurement of accumulation sharing. This motivates them to accord the best they accept to ensure success of Wheelworks.
Wheelworks does not pay their advisers on agency because they do not appetite to tie their pay to the after-effects on the floor. This ensures that they do not go affairs alone big-ticket bicycles to aerate on their commission. They are able to bout the appropriate bike with the appropriate client. It allows them to advertise the best artefact after caring so abundant about their return. In alternative words, anchored accomplishment enables them to do the appropriate job.
I anticipate this is the best advantage arrangement for the close back it gives the advisers the accomplished akin of motivation. It additionally allows them do what they adulation accomplishing after anguish over compensation. As a consultant, I would acclaim some added forms of compensation. They accommodate bonuses for acceptable work, retirement plans, adjustable assignment schedules and childcare.
Maslow, A. H. (1943). A Approach of Animal Motivation. Harper: New York
Herzberg, F. et al (1959) The Action to Work. John Wiley. New York.
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