Motivation for businesses is crucial in increasing productivity, success and the employees state of mind at work. A survey from the Hay Group found 8% of all employees say they are 'completely demotivated'. Now that is a big number considering how inefficient them 8% of all employees are. Here are the motivation theories businesses use to increase the success of the business.
F.W. Taylor and Scientific Management Theory
This was called piece rate - no work, no pay.
Taylor's method of motivation is more in practical outcomes rather than psychological. Sometimes, workers may not be happy with the amount of work expected from them while others will follow along and will be motivated by the incentive of money.
Productivity increased with every change. But, after the experiment, the women went back to their original method to find output went up by its highest yet as well as the women claiming to feel less tired than they did at the start.