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Maier has begun to reconsider his employees' compensation arrangements, articulacy Carter's. As he consults with his banker and advisers in the industry, he begins to realize that organization culture he created at Waterway may have changed for good. The ideas of how to help company get out of dilemma occupied the proscenium of his mind. Analysis of the case: until 1990. The expanded business hadn't changed Waterway's Informal work style and Maier hadn't been motivated to push any harder even though sales and revenues had increased with the market.
In case, Maier wanted to recognize Carter's contribution because she had been extremely successful in opening new sales channels, and she was personally responsible for 40% of the company's sales for the last two years.
But the sales network had grown informally, and Maier had never really tracked it or thought much about building a sales force or developing a formal distribution plan. In Mare's heart, Carter is the best hiring decision he ever made.
He wants to keep her and continually improving, but he is in dilemma that how can special employees deserve special motivation and how come company manages paying some much more than others after Maier mentally reviewed his payroll.
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Those are the key Issue In this case. If I am Maier, I will take short-term and long-term actions for reduce employees' turnover and improve organizational performance, productivity and profit.
Actions to be taken: Short-term actions: 1 OFF The best way to find out what Carter wants and establishes trusty between Maier and Carter is communication.
Through communication, Maier can get Carter to understand her own personal role in the process and built friend relationship between them. Money is not the only way to motivate employees, because different things can motivate different employees. So, this is the best way to save business cost and reduce turnover and keep the best employee. 2.
Offer variable compensation and benefits: Variable compensation and benefits is base on the company's success. Company can accord to employee's special high performance offering special motivation. This means special employees deserve special motivation. Maier need to manage paying some much more than others. On the other hand, employees do not think that employer has not a reputation for a tight wallet. Long-term actions: In today's high competitive marketplace, it is more important than ever to keep best employees.
In waterway, Maier need to develop strategic compensation plans for competitive business environment that requires high quality and continuous innovation. In addition, he also review about his company, or something bigger strategy, structure, systems and processes, style, staff, resources, shared values and strategic performance. In a word, using both non-pay recognition and pay for performance adaptive incentive programs are important for keeping the best.
Human Resource Management Case Study Assignment. (2020, Jun 02). Retrieved from https://studymoose.com/human-resource-management-case-study-assignment-new-essay
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