THEORIES OF MOTIVATION: TAXONOMY AND IMPLICATIONS FOR ORGANIZATIONS

Organizations use motivation of employees to maintain sustainability, employee commitment, and increased productivity. Satisfied and motivated employees may help the organization to benefit from high job performance, increased customer satisfaction, and profit. This study explores motivation theories and how managers could apply them to their organizations. Motivation in the workplacemay reduce business problems when managers promote motivation theories to create a conducive working environment, nurturing enthusiasm, and productivity.Motivation is not always based on financial rewards, but non-financial rewards methods such as achievement, promotion, growth, and recognition could also be used to derive the best out of employees. When employees perform their duties diligently, the organization which is result oriented may inspired and motivate the employees for them to reach their goals.Psychologists and management experts develop motivation theories to detect factors that motivate an employee.A motivated worker is likely to perform better than an unmotivated member of staff at work, because they derive satisfaction from their professional engagement. Organizationsshould implement motivational theories such as equity theory, two-factor theory, ERG theory, and Vrooms expectancy theory to create a reliable productive workforce.