Ford Motor Company is taking steps to return to profitability by reducing their workforce through buyouts, early retirements, and shifting to different work schedules. This will cut costs and raise profits by paying fewer employees. In the long run, motivating employees using Abraham Maslow's hierarchy of needs model can help workers feel valued and collaborate effectively. Maintaining motivated employees is important since Ford has many workers each year.
Ford Motor Company is taking steps to return to profitability by reducing their workforce through buyouts, early retirements, and shifting to different work schedules. This will cut costs and raise profits by paying fewer employees. In the long run, motivating employees using Abraham Maslow's hierarchy of needs model can help workers feel valued and collaborate effectively. Maintaining motivated employees is important since Ford has many workers each year.
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Ford Motor Company is taking steps to return to profitability by reducing their workforce through buyouts, early retirements, and shifting to different work schedules. This will cut costs and raise profits by paying fewer employees. In the long run, motivating employees using Abraham Maslow's hierarchy of needs model can help workers feel valued and collaborate effectively. Maintaining motivated employees is important since Ford has many workers each year.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online from Scribd
Buyout: an act or instance of buying out, especially of buying all or a controlling percentage of the shares in a company. Early retirement: the practice of ending regular employment beforethe official retirement age. Shift work: is an employment practice designed to make use of the 24 hours of the clock. The term "shift work" includes both long-term night shifts and work schedules in which employees change or rotate shifts. 2. Ford is taking a great plan to return to profitability. They workforce they are paying for will really raise the bar of the profits that Ford has. What is interesting, that Ford Motor is buying new workers which may be a problem later if the workforce began to slack or doesn’t earn their rights of payment. There is a very low chance that the company might take a downturn where Ford has to take in account when they are making a finical act. However the measures Ford is making are effect, efficient and a great way to raise the profit of the company and to enhance the work speed making the product manufacture a more professional way for the workforce to work in. 3. The short run and the long run of employee motivation are plenty. The best motivation theory for Ford motor company is the Abraham Maslow. The Ford company has many employees each year therefore the employees needs to be working well together One model of motivation that has gained a lot of attention, but not complete acceptance, has been put forward by Abraham Maslow. Maslow’s theory argues that individuals are motivated to satisfy a number of different kinds of needs, some of which are more powerful than others.