Human Resource Management

Managing Financial Resources in Health and Social Care

Task 3: Motivation Theory of Abraham Maslow 3

Corporate Event as an Extrinsic Motivational Factor4

Job Evaluation Process4

Factors Determining Pay5

Reward Systems5

Performance Management6

Task 4: Cessation of Employment7

Exit procedure of NHS Shetland and Tesco8

The impact of the legal and regulatory framework on employment cessation arrangement 10

References18

Managing Financial Resources in Health and Social Care

Task 3: Motivation theory of Abraham Maslow

In 1943, a motivational theory was proposed by Abraham Maslow which is known as Maslow's hierarchy of needs. In this theory, Abraham widened this theory that encompasses the factor of human curiosity at its most. He completely explained this theory in his book which was published in 1954 with title of “Motivation and Personality”. In addition to this it is to mention that this theory also added the work of other psychological theories that contributed in human development and among them there are theories that stresses on defining the facts of human growth.

Model

Figure 1: Maslow's Hierarchy of Needs, (retrieved from http://www.simplypsychology.org)

From above picture the pyramid illustrates the growth of individual's motivational level. In above pyramid the bottom is referred to lower level needs as well as top of the pyramid represents the higher level of needs. It is mentioned that initially people focus on the needs that lie on lower orders, and after its achievement they move further for higher level needs and so on. It is to mention here that there are rare cases for people attaining top most level of needs which are related to self actualization, as people mostly focuses on lower order needs.

Corporate Event as an Extrinsic Motivational Factor

In the extrinsic motivation component, corporate occasions hold an extremely critical part in making cognizance and rousing the representatives. These corporate occasions hold the inspiration figures that are needy over a distinctive personas points and thought processes. Corporate occasions generally hold an impermanent inspiration on the grounds that workers are constantly dragged far from their inborn cause components and move onto beginning their own particular business. The point when the edge and advantage profits don't fulfil the representative with any accomplishment then he/she might uncover an interchange to switch over to the following best alternative (Sansone, 2000, p. 59).

In spite of the fact that numerous corporate occasions hold the distinguished and remunerates for the representatives, which is somewhat a reward figure for the worker to addition imperatives in his/her working conduct. Each representative looks for an execution based accomplishment for getting energized and dynamic in attaining the greatest level of execution. Numerous corporate occasions even assume a part of excitement, for example, directing picnics, yearly suppers, parties and occasion excursions.

Job Evaluation Process

A job evaluation process is intended to evaluate existing positions in a particular company to determine if they are useful and valuable to the goals and direction of the business. The evaluation process occurs by examining the jobs and to rank them in order of importance based on the responsibilities and demands of the job holder. Instead of focusing on the person doing the ...