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Why Do Companies Need Constant Exploration to Find Out the Best Combinations of the Human Capital

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It has been observed across the globe that the objective of the employer is to exploit the laborers and compel them to perform beyond normal limits. It was experienced that at the slightest mistake of the laborers, the employers used to treat them inhumanly as they were not paid their remuneration and sacked from their jobs. In certain cases, they were known to be physically abused. But with time the scenario changed as the employers or the owner class understood that instead of hostile behavior with the laborers, if they can be taken into confidence, the outputs both in quantity and quality can be increased considerably.

Consequently, several measures and theories commenced understanding the unpredictable human psychology of the laborers and employees (as the case may be). In the mid-19th century, Abraham Maslow derived the theory of the hierarchy of needs. According to him, the need of any person has five stages and he longs for the next stage of the hierarchy only when the need of the first stage is met. Following are the five needs according to the theory.

- Physiological Needs – These needs are the basic necessities of human life and comprise of air, water, and food. These are the strongest needs and only when these are satisfied, a person looks for the next step. - Safety Needs – After the basic necessities of life are met, people look for safety and shelter in life. This need consists of having houses to protect them external factors. - Needs of Love, Affection, and Belongingness - When people perceive that they are comparatively safe, they look for a sense of love and belongingness among their fellow human beings.

As humans are a social being, the need for care and affection has a major role in his life.     - Needs for Esteem – The needs for esteem only becomes dominant when the first three classes of needs are satisfied. These involve needs for both self-esteem and for the esteem a person gets from others. With self-esteem, they are easily recognized and are confident but when these needs are frustrated, the person feels inferior and worthless.

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