Extrensic Motivators in Organizations

1067 Words3 Pages

Introduction:

Much of the literature indicates that human capital is often the most valuable asset for an organization. A clear trend is emerging: the rise of contract work (Grant 2013). In an increasingly globalized economy, currently recovering from a serious, organizations are seeking to minimize costs to maintain competitiveness. The pursuit of minimized costs is multifaceted. One option has been to change workforce demographics from employee to contractor. For many firms workers are a key ingredient to continued success. This shift from the traditional employer/ employee relationship to an employer/contractor relationship could have broad implications for team dynamics and add a new dimension to previous organizational motivation tactics. Therefore, it is important to examine both content theories and process theories with respect to motivation and specifically the way in which it applies to the emerging trend of the contractor workforce.

Rise of the Contractor Workforce:
During the 1980s, several countries implemented labor market reforms with the intent of lowering unemployment levels by deregulating employment and promoting the use of fixed-term contracts (Amuedo-Dorantes and Malo, 2008). These employment arrangements varied from traditional permanent work assignments as they have limited benefits and eliminated dismissal costs. Contract employees are favorable from an organisational perspective as they can work as a buffer to address temporary changes in employment needs due to changes in product or project demand, or to fill vacancies on a temporary basis (Amuedo-Dorantes and Malo, 2008). Furthermore, in part fueled by the cost advantages, fixed-term contracts became widely used by firms for additional purposes, for...

... middle of paper ...

...ots of Maslow's Theory of Self-Actualization Journal of Humanistic Psychology July 1979 19: 43-55, Available from: Emerald [12 December 2013].

Grant, Tavia, 2013. Canada’s shifting job market: the rise of contract work. http://www.theglobeandmail.com/report-on-business/economy/canadas-shifting-job-market-the-rise-of-contract-work/article581926/ Accessed December 11, 2013.
Hamilton, Peter , 2013, Motivation, lecture notes distributed in Managing People at The University of Durham Online, November, 2013.

Herzberg, F. (1987), “One More Time: How Do You Motivate Employees?”, Harvard Business Review, 65(5), 109-120
Huczynski, Andrzej A.& Buchanan, David A 2013, Organizational Behaviour, 8th edn, Pearson Educational Limited, Harlow, United Kingdom.
Latham, G. P. (2004), “The Motivational Benefits of Goal-setting”, Academy of Management Executive, 18(4), 126-129
Judge

Open Document