Compensation & Benefits Strategy
Running Head: COMPENSATION AND/OR BENEFIT STRATEGY Compensation and/or Benefit Strategy
DeVry University HRM 430 – Compensation and Benefits Stormy Moon, Inc. is facing many issues with regard to employee morale. There appears to be a great deal of lack of motivation, respect towards co-workers, the mission of the project, and the Company. In order to resolve this employee dissatisfaction, it is imperative that a plan be set up to properly address how to increase respect and morale. In researching accomplished businesses, the following are examples of successful businesses and how they gained the respect of their employees and increased morale overall: A. To begin, Google, Inc. drives behavior and success through incentives. After all, it is known for its grand accomplishments; however, it didn’t get there overnight. Google believes that “if you give the proper tool to people that want to make a difference, they will.” (Google, 2009). Employees are provided a standard package of fringe benefits, but on top of that are first-class dining facilities, gyms, laundry rooms, massage rooms, haircuts, carwashes, dry cleaning, commuting buses – just about anything a hardworking employee might want (Google, 2009). Google believes that every employee is an integral part of their success; and by providing individualized benefits, Google has been able to achieve success by gaining the employees’ respect, boost morale, and continue growing through various motivational incentives. Not all companies are able to provide such extravagant benefits. B. The employees of a small IT company had bottomed out with regards to morale. They blamed internal factors of some employees not pulling their weight while others were carrying a heavy load; and external factors of the low job market and insufficient pay. They took the advice of some Ford Motor Company executives who started improving morale by simply e-mailing a short story every week to its employees explaining
DeVry University HRM 430 – Compensation and Benefits Stormy Moon, Inc. is facing many issues with regard to employee morale. There appears to be a great deal of lack of motivation, respect towards co-workers, the mission of the project, and the Company. In order to resolve this employee dissatisfaction, it is imperative that a plan be set up to properly address how to increase respect and morale. In researching accomplished businesses, the following are examples of successful businesses and how they gained the respect of their employees and increased morale overall: A. To begin, Google, Inc. drives behavior and success through incentives. After all, it is known for its grand accomplishments; however, it didn’t get there overnight. Google believes that “if you give the proper tool to people that want to make a difference, they will.” (Google, 2009). Employees are provided a standard package of fringe benefits, but on top of that are first-class dining facilities, gyms, laundry rooms, massage rooms, haircuts, carwashes, dry cleaning, commuting buses – just about anything a hardworking employee might want (Google, 2009). Google believes that every employee is an integral part of their success; and by providing individualized benefits, Google has been able to achieve success by gaining the employees’ respect, boost morale, and continue growing through various motivational incentives. Not all companies are able to provide such extravagant benefits. B. The employees of a small IT company had bottomed out with regards to morale. They blamed internal factors of some employees not pulling their weight while others were carrying a heavy load; and external factors of the low job market and insufficient pay. They took the advice of some Ford Motor Company executives who started improving morale by simply e-mailing a short story every week to its employees explaining
References: Blakely, Beth. (2004). Wanted: Morale boosters and busters. TechRepublic: A ZDNet Tech Community. Retrieved February 16, 2010, from http://articles.techrepublic.com.com/5100-10878_11-5233193.html Bunker, Ron. (n.d.). Rebuilding Staff Morale at Citibank. CEO Forum Group. Retrieved February 16, 2010, from http://www.ceoforum.com.au/article-detail.cfm?cid=6276&t=/Ron-Bunker-Citibank/Rebuilding-Staff-Morale-at-Citibank Fields, Bea (2006) 3 Key Steps to Gaining Employee Support for Organizational Change. Carolina Newswire. Retrieved February 17, 2010, from http://carolinanewswire.com/news/News.cgi?database=columns.db&command=viewone&id=279 Gadd, Michael. (2008). Poor Communication Hurts Morale. Inc. Retrieved February 16, 2010, from http://www.inc.com/news/articles/2008/11/communication.html Google, Inc. (2009). Retrieved February 17, 2010, from http://www.google.com/support/jobs/bin/static.py?page=benefits.html#bbb Beginner’s Guide. (n.d.). How Can Management Offer Compensation that Motivates Each Employee? Retrieved February 16, 2010, from http://www.beginnersguide.com/human-resources/compensation/how-can-management-offer-compensation-that-motivates-each-employee.php McCrimmon, Mitch. (2008).Preventing Employee Turnover. Suite101.com. Retrieved February 16, 2010, from http://human-resources-management.suite101.com/article.cfm/preventing_employee_turnover