Motivation of Employees in the Real Estate Industry Research Paper

Motivation of Employees in the Real Estate Industry - Research Paper ExampleAlderfers ERG theory eradicates the limitations imposed by the Maslows hierarchy of ineluctably theory to some extent. Unlike Maslow, Alderfer has identified three types of need. E stands for existence, R stands for relatedness, while G stands for growth. There are quite a lot of similarities along with some dissentences between the Alderfers ERG theory and the Maslows hierarchy of needs theory. Although the number of needs differs between the Alderfers ERG theory and the Maslows hierarchy of needs theory, yet there is a correspondence between them. The existence needs in the Alderfers ERG theory correspond to the physiological and safety needs of the Maslows hierarchy of needs theory. The relatedness needs correspond to the love and belongingness, and self-esteem needs whereas the growth needs represent the need for self-actualization. In this sense, Alderfer has confined Maslows needs to the ERG needs. Li ke the Maslows hierarchy of needs theory, the Alderfers ERG theory is also hierarchical the most important is the existence need, followed by the related needs and finally the growth needs. There are three fundamental ways in which the two theories differ (NetMBA, 2010). Firstly, Maslows theory suggests that different needs levels cannot be satisfied simultaneously whereas Alderfers ERG theory suggests that they can. Secondly, Maslow has standardized the hierarchical order of the needs for all people whereas Alderfer asserts that the order of needs can vary from one case to another.