Discuss the benefits that accrue when an organization has a good understanding of employee needs.
To explain:
The benefits accrue to organization when it has a good understanding of employee needs.
Introduction:
Content theories state that in workplace employees are directed by their needs. If these needs are not met, they will be encouraged to meet the needs. The need for motivation actually offers direction. So, when an organization focuses on having a good understanding of its employees' needs then it will easily achieve the goals that it wants to achieve.
Explanation of Solution
The basic premise of Content theories is that human beings are driven by their needs. Unless their needs are fulfilled, they cannot concentrate on any other things. This applies for employees in workplace too. Different theories of Content theory state that needs differ among employees. If their preferred needs are fulfilled then they work to their full potential.
When a company gives importance to the employees' needs aspect then its path to succeed becomes easier. Employees are generally assets to the company and focusing on their needs means investing on creating more assets or increasing the productivity of the existing assets. More assets definitely enhance the revenue of the company. In this way, when a company learns to fulfill its employees' needs, it can enjoy unlimited beneficial effects. They are in the form of achieving any high level goal previously set; proper utilization of resources; saving time and money; formulation of effective business strategies; expansion of business rapidly etc. These will ultimately increase the revenue of the company and make its way to success relatively easier and faster.
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