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Assume you are the new manager of a local company

Management

Assume you are the new manager of a local company. The name of the company should be your last name, followed by your company's industry. For example, Smith's Widget Company. In addition to demonstrating your managerial skills during the interview for the position, the Vice President of Human Resources (HR) was impressed with your positive and charismatic attitude. The HR manager convinced the President that the company needs your skills to help rescue failing sells the company has been experiencing over the last 6 months. In the three weeks since you began with your new company, you have noticed the low morale and low motivation levels in your department of 15 employees. After approval from senior management, you plan to meet with your team to share changes that will take place in the company over the next few months. One of the changes the employees will be most interested in will be the implementation of a rewards program. Rewards will be the based on feedback from the employees' job performance. Using the expectancy theory and the goal-setting theory as two sources of information, you will create a PowerPoint presentation to brief your employees on the new rewards program and how they can qualify for a reward.

1. How will you evaluate employees' job performance?

2. How often will you evaluate employees' job performance?

3. Will your reward system be individual or team-based?

4. Will full-time and part-time employees be eligible for reward?

5. What type of rewards will you offer (gain-sharing, ESOP, or some other reward)?

6. As you close your presentation, what will you share with your employees about what you hope the new rewards program will do for their morale and motivation?

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1. By the setting, the specific standards, as well as goals for the employees, can become helpful for the evaluation of the organizational employees. If employees accomplish the specified goals, then their performance will be considered as excellent.

2. The evaluation of the employee performance must be based on quarterly duration so the employee performance can be easily evaluated four times in a year.

3. A Reward system must be both individual and team-based so each employee will be responsible for their performance along with that they will also act as an effective team.

4. Both types of employees must be rewarded, so every type of employee will try to excel in their sufficient prescribed duration of working.

5. Gainsharing reward should be considered so when a company will start earning with the help of employee's performance, then employees will also start getting their rewards.

6. As a manager, it is important to tell the employees about the rewards facility and how they easy increase their career growth as well as income.

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