The document discusses a modified version of Maslow's hierarchy of needs as it relates to employee motivation. It breaks the hierarchy into five stages - basic, existence, relatedness, growth, and self-actualization - and outlines the key motivating factors at each stage. At the basic stage, money is the main motivator. At the existence stage, fringe benefits are primary but money is still needed. Social recognition is key at the relatedness stage. Power becomes most important at the growth stage. Self-actualization is difficult to motivate as freedom is desired. The document argues different factors motivate employees at different levels in the modified hierarchy.