Employee Motivation: Taylor, Mayo, Maslow, Herzberg
Taylor’s Theory of Scientific Management
Taylor proposed that workers are primarily motivated by pay. His theory of Scientific Management argued that:
- Workers do not naturally enjoy work and therefore require close supervision and control.
- Workers should receive appropriate training and tools to work as efficiently as possible on one specific task.
- Workers are then paid according to the number of items they produce in a set period – piece-rate pay.
Consequently, workers are encouraged to work hard
Read MoreSecurities Market: Regulation, CNMV, and Investment
Securities Market Law
The Securities Market Law (LMV) regulates primary and secondary markets. The LMV establishes the principles of its organization and functioning, rules governing the activity of those involved in them, and their supervisory regime. The products involved in these markets are securities issued by private companies and institutions (fixed or variable income) or public institutions (bonds).
What is the CNMV? Objectives and Functions
The stock market law requires the existence of an
Read MoreCorporate Finance: Key Concepts and Applications
Shareholder Control vs. Managerial Influence: Over time, shareholders may have lost control over corporations relative to managers. Managers have access to firm resources and may use them to enact changes in corporate governance rules or laws that benefit them. Most common stockholders, except for large institutional shareholders, have little financial incentive to lobby their interests due to the small size of their investment compared to the firm’s overall size. Shareholder rights initiatives
Read MoreIFRS Adoption and Accounting Principles in Spain
IFRS Adoption and its Impact on Accounting
Initially, IFRS (International Financial Reporting Standards) were not compulsory, but companies gradually adopted these rules. They began to have a significant influence on companies’ financial accounting reports. The IASC (International Accounting Standards Committee), a private organization made up of accounting specialists, is now called the IASB (International Accounting Standards Board). The aim of IFRS was to have comparable accounting information
Read MoreEnhancing Spain’s National Health System: Key Strategies
Some sources, advocates, and even some politicians draw attention to co-payment measures. These measures prevail in countries with higher health costs and worse health outcomes. All studies show that these measures have a very negative impact on equity, penalizing poorer and sicker people. Furthermore, this is happening amidst a crisis with over 4 million unemployed, and pensions are not expected to stop in the short term. In many cases, people are at the edge of survival.
However, the problems of
Read MoreInternet, Online Shopping, and Social Media: Pros & Cons
The Internet: Advantages and Disadvantages
The Internet has revolutionized the way people live. While it provides easy access to information and connects people worldwide, it also has some disadvantages that should be considered.
The Downsides of the Internet
On the one hand, the Internet can be dangerous if used irresponsibly. If people spend too much time online, they may become less productive, which is worse than using it in moderation. Moreover, sharing personal data online has increased privacy
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