Third class notes:

Is economic retribution enough to motivate employees?.

R= No, because not only economic retribution stimulate desire and energy in people to be continually interested in and commited to a job, role, or subject, and to exert persistent effort in attaining a goal.   

Now, according to http://www.jstor.org/pss/3381267?searchUrl=%2Faction%2FdoBasicSearch%3FQuery%3Dorganizational%2Bmotivation%26acc%3Doff%26wc%3Don&Search=yes I can argue that the increasing of quality and efficiency of public management not only depends on the economic retribution, the organizational commitment create an organizational behavior of employees that makes them feel comfortable in their jobs.

Managers need theories to understand the rest, employees, customers, etc. Some of the important theories that we have to take into account are: Internal (considerate individual behavior and motivation), External (elements in the environment) and Process (interaction between individual and the environment). Due to these theories above explained, there is a need in which toward an outcome or reward generate an interesting movement.

Adam Smith says that people are motivated by self-interest of economic gain. However, taking into account: http://www.jstor.org/pss/25075105?searchUrl=%2Faction%2FdoBasicSearch%3Facc%3Doff%26Query%3Dadam%2Bsmith-%2Bmotivation%2Bin%2Bcompanies%26gw%3Djtx%26prq%3Dorganizational%2Bmotivation%26hp%3D25%26wc%3Don%26acc%3Doff&Search=yes I can argue that he besides says that individuals must pursue interest both the self and society but in the economy of today because we are facing that people pursuit the self-interest economy at the expense of other. Besides he argued that in order to maximize benefits and minimize costs of a capitalist system, the interest of both self and society must be considered.

Now talking again about the first question mentioned above, the economic retribution is not only the main point to motivate employees. Exist several retributions that companies can implement in their daily activities and work, such us: economic or material form, employee recognition programs, flexible benefit packages, symbols of distinction (certificates, mugs), annual holiday parties, etc. all these sort of motivation to every employee must be implemented every month or a specific period of time.

The Maslow’s need hierarchy provide some important needs to take into account. Due to he was the father of humanist approaches to management, explain very clear what are those needs for humans and it’s a clear model as the set of needs implemented. It is important to have an interesting source like:  "Maslow's Hierarchy." Changing Minds and Persuasion -- How We Change What Others Think, Believe, Feel and Do. Web. 28 Feb. 2011. In which i can deduce from any Maslow’s need hierarchy  that: self-actualization (It’s mainly to achieve the individual objective), Esteem (It’s the power we and other can obtain), Love-social (It’s a good affection you get in a group), Safety and security (It’s the need to avoid danger), physiological (It’s the need to the health and body maintenance in a good way).

There is an important question that can be answered in a long paragraph and adding too much information but I am trying to be very specific and asserted: What combination of needs are present in the best managers?. Well, the main combination of needs that must be presented as managers are recognition, power, respect and assertiveness. Furthermore, the best managers has the responsibility to continuously improve the work conditions within their own control, and the best source of information of all the work in the company it is their employees, then managers has to listen all employees because they are the main people who knows what is happening inside the company because the managers mostly do not have time for the knowledge of everything, so, information is the key element in side of any group, institution or company. This link http://www.jstor.org/pss/40398245?searchUrl=%2Faction%2FdoBasicSearch%3Facc%3Doff%26Query%3Dneeds%2Bof%2Bmanagers%26gw%3Djtx%26prq%3Dneeds%2Bmanagers%26hp%3D25%26wc%3Don%26acc%3Doff&Search=yes explain the importance of information flow in this case by employees that are the key element of the knowledge of the daily and movement work in the company in which managers has to take into account every single word employees tell them.

Another good question to search for a good answer is: How can motivate people to cooperate with organizational goals?. This answer is very related to the last one because in order to motivate people to achieve goals is necessarily to them for example provide stock, incentives and all elements of motivation explained in the last question. Besides, if employees consider their motivation better than any other or even they can compare what they receive as motivation with others and its essential feel comfortable, will be for sure an optimum increasing cooperation to the organizational goals and very ideal for the enterprise.

Consequently, the point is that every single company must adequate some sort of motivation in order to make employees confortable in their job, and managers will realize that organizational goals will be more open, developed and visible from any angle. As everybody knows the main objective in an entity or company is increase and develop every day, so, if employees do not work well, you as a manager won´t get results. Managers has to motivate employees in different aspects and methodologies explained before in order to have a good team, communication, and hard-work inside the company in which there are some needs and procedures to follow to get the satisfaction of everybody and get the energy necessarily to carry on improving and getting better. Finally, if you take a risk of trying to get employees very comfortable in your company you probably do not fail in any issue you as a manager.