What Is Theory X and Theory Y, What Is The Practical Application Of The Theory Y Approach To Management, The Benefits Of Managers Utilizing The Theory Y Management Style To Manage Their Employees, And The Problems With Managers Leveraging The Theory X Management Style To Manage Their Employees (ePub)

This essay sheds light on what is "Theory X and Theory Y", explicates what is the practical application of "the Theory Y approach to management", reveals the benefits of managers utilizing "the Theory Y management style" to manage their employees, and demystifies the problems with managers leveraging "the Theory X management style" to manage their employees in this essay. Succinctly stated, "Theory X and Theory Y" greatly differ from one another and are contrasting motivational theories. "Theory X and Theory Y" are also able to serve as contrasting management theories. "Theory X and Theory Y" shed light on two different management styles that managers can leverage in order to amplify employee productivity levels. "The approach to management" which is utilized by managers can vastly vary between authoritative managers and participative managers. Managers who leverage "the Theory X management style" utilize a hand-on approach to management, whereas managers who leverage "the Theory Y management style" utilize a hands-off approach to management. It is not easy to motivate people who work real private sector jobs based on voluntary demand to exert maximum productivity levels, especially since most real private sector jobs based on voluntary demand are often deemed to be most real private sector employee jobs based on most real private sector employee jobs based on voluntary demand are deemed to be dead end, highly time consuming, debilitating, minimum wage, dispiriting, unfulfilling, undesirable, harrowing, distressful, brutally wretched, ineffably agonizing jobs that not only drain almost all of your sacrosanct time and that do not pay anything close to 1/4 of a subsistence wage for affording housing, but are jobs that also induce chronic stress, chronic fatigue, chronic burnout, an undermined well-being, and poor health. Most of the real private sector employee jobs based on voluntary demand dispossess employees of almost all of their waken hours, provides them with minimal compensation at a minimum wage, and do not provide them with any income generating assets, benefits, nor pension. Lamentably, most real private sector employers do not care furnish their employees with anywhere close to a subsistence wage since they are on keen on minimizing their labor costs at all costs. Almost all of the profits that companies generate are reserved for its executives and shareholders. It is less cumbersome for companies to offer massive compensation to their executives when they are able to minimize their labor costs. It is also less arduous for the companies to be able to offer sizeable retainer fees to their external directors when they are able to are able to minimize their labor costs. People often grossly underestimate how lucrative it can be to a Chief Executive Officer of a highly profitable company. The pay grade that the board of directors set forth for the Chief Executive Officer's compensation is enormously lofty. An exorbitant amount of Chief Executive Officer earn over $165,000,000 in compensation. If a Chief Executive Officer for instance earned $165,000,000 per year in compensation then he would be receiving about $22.035 per second which is also $79,326.92 per hour. In the event that a company paid an assistant manager $10 per hour which is $20,800 per year and paid a Chief Executive Officer $165,000,000 per year in compensation then it would denote that the board of directors the CEO's time to be worth 793,169% more than their company's assistant managers based on their pay grades which they believe are commensurate with their productively levels. If companies paid a livable wage to their employees then the CEO who earns about $22.035 per second, $165,000,000 per year may possible need to take a pay cut to render it possible for the employees to receive a livable wage. The CEO earns about 793,169% more per hour than an assistant manager who for instance earns an hourly gross rate of $10 per hour.