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Pages 4 (1004 words)
In the business world managers have to be able to adapt to situations and find effective alternative solutions to resolve problems. The company is…
The current compensation system is not motivating the employees sufficiently. A lot of the employees lack experience and educational credentials. Half of the staff has been working for the store for less than six months and these workers are either high school or college students. The sales of the company are below the expectations of the parent company. It is imperative for the company to improve the communication between the managerial staff and the workers. This can be achieved through the implementation of feedback systems. A feedback system can be implemented by simply putting a suggestion box in a wall so that the employees can express themselves and provide ideas. A lot of times the best ideas are hidden in the minds of the blue collar workers.
The firm has to immediately deal with the preparation of the staff. The company has too many unqualified employees working for the company. In an ideal situation all the employees of the company would hold at least bachelors degree. There are a lot of young employees working for the company that lack work experience. The retail industry has become extremely competitive. A way for the company to improve the motivation of its workers is by offering scholarships to the best performing employees. The scholarship award will be worth $5,000 per semester. Motivating the employees is critical towards resolving the employee morale problem. “High employee morale means that employees are happy, and this is reflective in the kind of work they produce” (Ehow). A way to improve the employee morale is by instituting a new compensation system. The new compensation system will include a wide variety of fringe benefits for the employees. Some of the fringe benefits the company can offer in its new compensation plan include extended vacations, health and dental plan, the availability of flexible time, free access to a gymnasium, and parental and maternal leave. It will also include a ...
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