Glossary
Hierarchy Of Needs
Meaning & Definition
The Hierarchy of Needs theory is a psychological model developed by Abraham Maslow that describes human motivation through a hierarchical scale of needs from basic physiological to higher self-realization levels. In HR management, it is useful for understanding the motivations behind employee actions, productivity, and satisfaction.
Importance of Hierarchy of Needs
- Enables HR to understand the motivations and behaviors of employees.
- Helps in improving employee engagement and retention plans.
- Supports HR in formulating reward schemes and benefit packages.
- Increases productivity through progressive satisfaction of employee needs.
- Promotes an environment of growth for employees.
Legal Compliance
Certain levels of employee requirements, such as safety and welfare, are met through the labor laws and policies common in India.
- Factory Safety is ensured through the Factory Act of 1948.
- Wages meet the physiological requirements of employees.
- Social Security measures such as EPFO & ESI provide financial safety.
Posh Act provides a respectful working environment.