Organizational Behavior 2 Essay Example | Topics and Well Written Essays - 1500 words

Organizational Behavior 2 - Essay Example offering competitive salary, free lodging, free food, etc.), it will be easier on the part of the HR manager to satisfy the higher needs of each employee. Unlike the Maslow’s hierarchy of needs, expectancy theories are not focused on satisfying the individual needs of each employee. Depending on the kind of rewards employees could receive from a business organization, the theory of expectancy suggests that employees will be motivated given that their efforts at work could contribute to the business success (Denhardt, Denhardt, & Aristigueta, 2002, p. 162). Similar to expectancy theories, the use of goal-setting theories also requires the HR managers to pay back employees’ efforts through attractive rewards (Denhardt, Denhardt, & Aristigueta, 2002, p. 165). In general, the main purpose of goal-setting theories is to increase the work expectations of each employee. Since a higher goal setting increases employees’ work motivation, the overall productivity of each employee is also expected to increase. The equity theories are based on â€Å"social exchange† (Denhardt, Denhardt, & Aristigueta, 2002, p. 165). Given that each employee is happy in their work environment (i.e. no conflict with other employees, fair working policies, etc.), there is a higher chance wherein employees will exert an effort to convert the organizational goals into a reality. When we talk about fair working policies, it means that the contribution of each employee to the success of the company should mean higher rewards as compared to the rest of employees. To be able to motivate employees, I assume that a realistic and fair monetary reward is necessary to satisfy the basic needs of each employee. Basically, when the financial needs of a person is not met, that person would either look for another job that offers higher salary or search for another part-time job. It means that the person becomes less loyal to his/her first

Annual report Project Assignment Example | Topics and Well Written Essays - 1750 words

Annual report Project - Assignment Example The employees at the organization work with partners at the enhancement of the lives of citizens everyday globally. The latest financial annual report for the company is for the year 2013 and it has an ending date for the fiscal year as 29th December, 2013. The company’s core business is in the pharmacy health care provision business and currently it has an integrated offerings spectrum across the pharmacy care spectrum. Thus, it seeks at the effective management of pharmaceutical costs and improving the outcomes of the health care through a pharmacy benefit management (PBM) program. This is centered on the fact that most people are overwhelmed by the ever rising costs in health care; thus, becoming confused. For instance, in 2013 alone, the company’s business delivered an outstanding performance in the pharmaceutical segment through its key strengths such as in the sale of key brands like over-the-counter (OTC) medicine and a continual progress in the integration of the Synthes, Inc. into its Medical Devices and Diagnostics business. Largely, the company has three main business segments: Pharmaceutical, Consumer and Medical Devices Diagnostics. Johnson & Johnson Family of Companies has a wide geographical coverage that spans mainly in the US, but, it also has a global coverage centered on the achievement of global health standards. It has more than 275 companies that operate in more than 60 countries, in the world. In achieving this, the company has set itself as the largest and diverse company in the offering of medical devices and diagnostics, the sixth largest consumer health company and the fifth largest company globally in biologics. The name of the company’s accountant or auditor is known as PricewaterhouseCoopers LLP as was appointed in the latest annual general meeting. PricewaterhouseCoopers LLP, as an independent