Non- financial benefits would consist giving the workers leaves or even verbal praise. Others may include provision of space for growth and development so that a worker does not retain the same position in the company for a long time. Professional growth and development opportunities is a form of organizational reward that allow employees to expand their knowledge and capabilities through taking part in educational programs. The company could also arrange to have its staff go for seminars on customer – care management since most employees provide the service.
This thereby boosts the expertise of the employee, thereby boosting his morale in working for the company. Employees can als...
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...o get salary increments. This could be because of the increased responsibilities or competencies after undergoing the various educational courses completion of projects set out by the human resource department will also amount to getting rewards. Bonuses would also form part of the reward scheme so that the end of the fiscal year the company rewards the employees in terms of vouchers or even cheques.
The company will also look into possibilities of reviewing the insurance policies of all employees. These will include unemployment, life and medical aspects of the scheme. In addition to the leave which includes both maternity and paternity, the company would also look at giving benefits such as vocation or holiday pay for the exemplary workers. The effectiveness of a reward scheme would be evaluated using the 4Cs namely: Cost-effectiveness, competence, commitment and Congruence.
Cost effectiveness involves the evaluation of costs of turnovers, wages and benefits, absenteeism training and strikes competence on the other hand focuses on the human resource policies with regards to its attractiveness, skill development and also the knowledge about the future need to be available to the organization- commitment of our workers relate to the rate of turn-over realized per employee. If the turnover rate is low, this will translate to low performance of the company and therefore possibility of redundancy.
This also shows that there is lack of commitment on a department and hence drastic action should be taken inorder to save the department from complete closure. The last of the evaluation criteria is congruence. This looks at the organizations objectives and policies and as a result what comes out as the performance index is used in the benefits or reward scheme. The management and other stakeholders therefore have to come to an agreement about the policies they propose inorder to reduce politicking and more energy is spent on the service delivery.
An effective reward system is one that aligns with the organizational objectives and evaluation of the performance of employees. The measurement of performance of the employee in an organization should reflect on the financial goals and business strategies of the organization. The positive contributions need not go unappreciated. As the executive of this company I am therefore aware that job performance is normally the product of an individual s’ ability and the motivation given to him by the company’s administration.
It is therefore imperative that the employees are made to have high expectations on what ever they set their minds on doing. Effective discipline and punishment should also be carried out so that the employee is well informed of the benefit scheme being employed. This will curtail laxity at the stores. In cases where there is as wrong that has been committed, the punishment ought to be fair and on the other hand benefits and rewards should be offered only in these who deserve them. At all times, the managerial team should make sure their employee needs are met and is so doing raise the satisfaction index of the employee.
There is also need to set goals that are related to the work the employees are engaged in. This will ensure that the objectives of the department in question are met and hence high performance. This lead to higher chances of workers receiving more benefits or rewards. Another issue that this department is looking at is the reconstruction of some jobs. Since its inception, the company has had some jobs which have retained their identity. Reconstruction of these jobs could help raise their profiles and therefore motivate the workers even more.
Just to cite an example is where we have manual cleaners. Just by giving the workers automated clearing machines will go a long way in boosting the performance hence more customer and employee satisfaction. And as a conclusion, I would propose a family benefit scheme. In these schemes the families of employees who are just associates in the company will be in a position to shop at a discounted price. This will help our employees notice the recognition of their services by the management and therefore even improve the production. (hppt://www. accel-team.
com/motivation/index. html). (ii)Human Resource Management Planning The importance of HRM planning can not be downplayed. The management team has to plan wisely in order to balance between the company’s human resource needs and the market supply of the said job vacancies. The human resource department should be up to date with the information about the number of employees the company needs at present and in the future. This has to be done carefully to avoid overlooking certain issues. Otherwise there may arise a situation where the company is overstaffed or understaffed.
While understaffing on one hand means that the business loses the benefits of economies of scales. This would mean the company operating under the optimal level and this translates to low production. Overstaffing on the extreme end means wastage of resources. It is therefore expensive and depletes the company’s resources. It is also very expensive to eliminate overstaffing because the employees being retrenched will need their payments in accordance with the laws that govern the business environment in our country.
All the director should be in a position to see the companies’ level of achievement in more than a decades time. Therefore I am rested with the duty of giving the right forecasts for the organization. Planning in human resource also involves planning staff movements firm one duty of posting these employees without favoring or using it as a punishment in settling scores. The planned movements also should be effected with a sole aim of improving the productivity of the organization as a whole.
Hierarchical movements on the corporate ladder should be planned so that it observe the principle of meritocracy. Experience and educational achievements also helps in this process. This in turn gives the employees the motivation to perform better. Retrenchment of employees, recruitment and their maintenance should follow laid down procedures and should be done at the appropriate times. During the planning, the human resources director should always rely on expert reports and estimates.
These experts will help the company know the trends of jobs in the market and in the company and will therefore be able to predict how the company will either need or retrench some workers firm the store. The human resource experts are also able to model the human resource experts are also able to model the human resource that they need for that particular department. They will therefore look for tailor made model person to work in a position that diversity benefits the whole company and also improves sales in this state. The HRM will also collaborates with the