Motivation of Employees in the Real Estate Industry Research Paper

Motivation of Employees in the Real Estate Industry - Research Paper Example Alderfer’s ERG theory eradicates the limitations imposed by the Maslow’s hierarchy of needs theory to some extent. Unlike Maslow, Alderfer has identified three types of needs. E stands for existence, R stands for relatedness, while G stands for growth. There are quite a lot of similarities along with some differences between the Alderfer’s ERG theory and the Maslow’s hierarchy of needs theory. Although the number of needs differs between the Alderfer’s ERG theory and the Maslow’s hierarchy of needs theory, yet there is a correspondence between them. The existence needs in the Alderfer’s ERG theory correspond to the physiological and safety needs of the Maslow’s hierarchy of needs theory. The relatedness needs correspond to the love and belongingness, and self-esteem needs whereas the growth needs represent the need for self-actualization. In this sense, Alderfer has confined Maslow’s needs to the ERG needs. Like the Maslo w’s hierarchy of needs theory, the Alderfer’s ERG theory is also hierarchical; the most important is the existence need, followed by the related needs and finally the growth needs. There are three fundamental ways in which the two theories differ (NetMBA, 2010). Firstly, Maslow’s theory suggests that different needs’ levels cannot be satisfied simultaneously whereas Alderfer’s ERG theory suggests that they can. Secondly, Maslow has standardized the hierarchical order of the needs for all people whereas Alderfer asserts that the order of needs can vary from one case to another.