Speaking Notes For Presentation Case Study Solution
Potential Solutions
Three possible alternatives are generated, which involve an increase in salary, increased employees’ benefits, and better hiring process, which includes hiring the employees on a trial basis rather than a direct screening, and providing formal training to employees, setting their goals and tasks deadlines, linking rewards to targets’ achievement. The salary increase will help the firm in attracting an experienced staff, which will increase the employees’ satisfaction, motivation, and commitment towards the organization. However, the financial costs of the firms will increase as the company’s profitability is already low, and the old employees will also demand greater salary packages. By increasing the employees’ additional benefits; the company could make the employees motivated, satisfied, and committed towards the organization, but the same alternative can increase the financial costs, as the company will be contributing more to the funds that involve taxes on earned income. The third alternative will make the employees skilled as there will be a proper check and balance. The employees will be satisfied and motivated towards achieving their goals as they are attached to rewards. The cost involves the training cost only.(Kappel, 2017)
Proposed Solution
The proposed solution as per analysis is focused on improving the recruitment process of the company, as it does not have enough employees to manage its stores, and adding much to the company’s troubles is the fact that its current employees are inexperienced. So, by hiring employees on a trial basis, the company can save its costs, and by providing formal training sessions; the company can make the employees more skilled. Through setting employees’ goals and tasks about awards; the company can boost its sales and profitability figures.(Unknown, 2018)
Implementation
Priory, the hiring process will be carried out, but on a trial basis rather than a direct screening. Afterward, the HR team will look at the resources that are required for providing training to the hired staff, then formal training sessions will be conducted and the goals, as well as the tasks, will be communicated to the staff, clearly, along with rewards given on milestones’ achievement. After the specified deadlines, the effectiveness of the training session and the employees’ performance will be measured, and the employees will be given rewards based on their achievements, and termination may also occur if any employee fails to work properly. Conclusively, feedback will be taken from the employees on their job satisfaction, which will further help in boosting the company’s sales.................
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