The Effect of Motivational Factors on Top Managers : Case of Kazakhstan’s Organization

Motivating top managers and its effectiveness has been center of discussion in researches conducted in past and they have provided in-depth analysis of how to improve top managers’ motivation through utilizing their human resource systems. The importance of analyzing the value of human capital, especially the top management, cannot be denied and organizations have always tried to formulate strategies that help top managers to determine what they need and how organizations can fulfill those needs in order to develop job related satisfaction. Kazakhstan is a country with developing economy and business structure, so top management is a cue to achieve the success and to raise the level of all branches of the economy. This study focuses on presenting analysis of top managers’ motivation, working in different organizations of Kazakhstan. The results showed that money, job motivation, self-realization, stability and confidence in tomorrow are the most powerful motivator of top management. In order to motivate top managers, shareholders and owners of companies can use high salaries, bonuses, premiums and other monetary motivators. Also they can reward their top managers’ needs for interesting, important and challenging job as well as need for self-realization by job enrichment and enlargement, and job characteristics model. Job security and career development programs can provide top management with the sense of stability and confidence in tomorrow. Among all punishment tools monetary punishment, admonishments and reproves are most powerful. By the end of this study, readers will be able to understand the effectiveness of these extrinsic and intrinsic motivators on the performance of top managers