Question

In: Economics

determine how to appropriately develop and motivate your employees. Develop a final written proposal (1,250-1,500 words),...

determine how to appropriately develop and motivate your employees.

Develop a final written proposal (1,250-1,500 words), discussing performance indicators, rewards and incentives, and a plan for motivating employees. Your proposal must include the following:

An evaluation of the current employee status. Describe tasks and performance indicators that contribute to the overall performance on the job.

Develop strategies to encourage employees. How will you reward them for their performance and support them during difficulty?

Describe strategies to leverage on employee assets. How will you identify their strengths and use them to better the performance and skills of individual employees?

Describe a vision for the overall culture you aspire to develop in your organization.

How will you integrate rewards and incentives to remain competitive in your market and appeal to your employees?

Solutions

Expert Solution

Evaluation of the current employee status , task and performance indicators :-

An effective evaluation report must include :-

1) Periodic reports of employees performance

2) Evaluation of Interpersonal relationships with the organization

3) Evaluation of attitude towards work

4) Evaluation of judgement making and dependability of the employees .

5) Evaluation of ability to adapt new changes in an organization.

6) Evaluation of Quality of work

7) Evaluation of diversification in work

8) Evaluation of attitude towards customers

9) Evaluation of negotiations and problem solving activities.

10) Evaluation of punctuality and Attendance

11) Evaluation of any particular strength or weakness of the employee.

Strategies to encourage employees :-

1) Setting a leadership example

2) Sharing the companies vision

3) Establishing appropriate goals

4) Building a positive work environment

5) Sharing performance feedback

6) Express appreciation

7) Providing learning opportunities

8) Avoid micromanagement

9) Cultivate a firm work place

10) Allow flexibility

Employee leverage strategies :-

Employee leveraging may be defined as the ability to influence the employee in a such a way that such influence multiples their efforts.

Strategies of employee leveraging are :-

1) Skill leveraging - Cross training , incoming employees in a manner which develops their skills .

2) Success leveraging - Taking up of the best strategies that the employees have utilised on their job and apply them to your business model

3) Failure leveraging - Routine feed backs from employees of what is not working and what can be done to correct it .

4) Connection leveraging - Employing people in rural areas if they have extraordinary work history .

Organization culture vision :-

A structured and healthy organization culture comprises of :-

1) Necessary job rotations

2) Addition of more tasks for job enlargement

3) Including motivational factors for job enrichment

4) Flexible working hours

5) Compressed work week

6) Effective job sharing

Integration of awards and incentives :-

An organization can effectively integrate awards and incentive by :-

1) Development of motivational strategies like incentive schemes , job enrichment and employee empowerment .

2) Developing financial , individual and group incentive.

3) Development of non financial incentive like job security, recognition, better designation and job rotations.

Rewarding performances and providing support :-

​​​​​​1) Conducting periodic appraisal programmes .

2) Provision of best employee of the month badges .

3) Allowing leaves to employees at the time of any personal problems.

4) Individually having a conversation with employees whose performance is continuesly declining for more than three months .

5) Development of monetary as well as non monetary incentive schemes.


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