So to make them happy or motivated, challenging jobs, tasks, assignments are to be provided along with better or superior environment to excel in. Turnover and absenteeism will be low, employee commitment will be high.
How does Nucor's approach to motivation build on recommendations from Maslow's, Alderfer's, and McClelland's need theories?
To what extent are the hygiene factors and motivators influencing employee behavior at Nucor? What role does equity theory play in this Case? To what extent is Nucor's approach to employee motivation consistent with expectancy theory? What role does organizational culture play in this case?
Would it be easy for other companies to copy Nucor's approach to employee motivation? Why or why not? This work is to be treated as a guideline to assist you with this assignment.
At no time is it intended to be a final submission work and I discourage you from using it as such. Points made and topics discussed in this work should be researched further and validated by the student prior to utilizing it in their own work which will be complied for final submission to their schools.
The May 1, Business Week article entitled "The Art of Motivation" describes a company in the steel manufacturing industry, Nucor, that has utilized uncommon thinking and bold, innovative approaches to leadership and management to rise from an industry newcomer to the industry leader.
The article discusses the company's approach to shifting the balance of 'real' power away from the "C-suites" and placing it at the front-lines of production in order to "nurture one of the most dynamic and engaged workforces around". The paper is based upon the information provided in the article and explores the connection between Nucor and some of the more well known theories of motivation in existence.
The paper is divided into 3 primary sections: Although the various theories of motivation have differences between them on their points of actual application and order of hierarchical importance many similarities exist. In Maslow's theory of needs, motivation is driven by the existence of unsatisfied needs.
These needs are placed in order of Solution Summary The May 1, Business Week article entitled "The Art of Motivation" describes a company in the steel manufacturing industry, Nucor, that has utilized uncommon thinking and bold, innovative approaches to leadership and management to rise from an industry newcomer to the industry leader.Starting back as early as the ’s and early ’s Nuclear Corporation of America was involved in the nuclear instrument and electronic business - Nucor Case Study on Approach to Employee Motivation introduction.
After consecutive years of struggling financial performance, Nucor evaluated their management structure and decided it was time for a change in leadership. Nucor Case Study on Approach to Employee Motivation Essay Starting back as early as the ’s and early ’s Nuclear Corporation of America was involved in the nuclear instrument and electronic business - Nucor Case Study on Approach to Employee Motivation Essay introduction.
CASE OVERVIEW The case NUCOR: The Art of Motivation holistically describes how NUCOR is able to manage people, strategize its business and adapt to changing economy situation.
In the case study, NUCOR is described as a company that runs business on 3 separate segments which are Raw Materials, Mill Operations and products developed out of steel. As I understand it, the main problem in this case is employees of Nucor do not feel they have balanced equity.
This is due to a performance based compensation model which allows for employees who put in more effort on the job to receive the same compensation as employees who do not put in as much effort simply because they are a part of the same team.
Another important factor of Nucor’s approach to employee motivation is its unusual pay system..
The company pays its workers a regular salary lower than the average salary in the market. The average market salary is $ $21 an hour, where a Nucor employee gets $10 per hour. Innovation, Change and Motivation at Nucor Corporation Student’s name Course/Number Date Instructor’s name Question #1 The organizational culture of Nucor Corporation is a devolved management system where rewards are based on performance.