According to Maslow's hierarchy of needs theory, which of the following would likely have the most impact on retaining staff, if their lower-level needs are already met?
According to Maslow’s hierarchy of needs, once an individual’s lower-level needs (physiological, safety, and social needs) are met, they seek higher-level motivators such as esteem and self-actualization. Recognition falls under esteem needs, which include respect, status, and appreciation. Employees who feel valued and recognized are more likely to stay with an organization.
A. Social benefits – These are lower-level needs (belongingness/social needs), which have already been met in this scenario.
B. Compensation – While salary is important, it primarily addresses physiological and security needs, which are lower on Maslow’s hierarchy. Once these are met, higher-level motivators like recognition become more influential.
C. Job safety – Safety and security are lower-level needs, and in this scenario, they are already met.
D. Recognition (Correct Answer) – Falls under esteem needs, which are crucial for employee retention once basic needs are satisfied.
IIA IPPF Standard 2120 – Risk Management includes talent management as part of organizational sustainability.
COSO ERM Framework – Human Capital Risk highlights employee motivation as a key factor in risk management.
IIA GTAG 7 – Managing IT Security Risks discusses employee satisfaction and its impact on organizational security and retention.
Explanation of Each Option:IIA References:
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