assignment #4 Utley edited 1

assignment #4 Utley edited 1 - 1 Running head: ASSIGNMENT:...

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Running head: ASSIGNMENT: 4 UTLEY FOOD MARKETS Utley Food Markets By Rhonda Stanley A Paper Presented in Fulfillment of the Requirements for HRM 533 Total Rewards Dr. Grace M. Endres May 23, 2011 1
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ABSTRACT Pay for performance is a reward system that compensates employees of an organization based on measures of quality and efficiency in their work. The work environment at an organization should be analyzed to see if it would benefit from a new rewards system before implementing a pay for performance system. Implementing a new system would require an organization to look at how a new system would affect management and how would it affect the existing system? Therefore, organization decision makers should carefully consider their design options and be aware of potential advantages and disadvantages. To aid organization decision makers with these important decisions, all department heads, senior management, and the human resources department should meet and decide who should be covered, what should be rewarded, how to reward employees, and make sure integrity is maintained within the pay system. 2
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system. What does this mean to the Utley management ? Pay for performance at Utley Foods would mean that management has performed an analysis and determined a pay for performance reward system is more beneficial to the organization and the employees. The organization has to decide what types of performances to reward and how performances will be measured? Management will have to decide if pay for performance is to be monetary or non-monetary such as benefits. In a pay for performance system the individual that generates the maximum output is rewarded. This is true in production industries but Utley is in the service industry. Todays businesses are recognizing that not only quality of work should be measured but safety, team work and ethical roles should have standards. Utley Foods management needs to carefully design a rewards system that is in alignment with the organizational goals and decide how the organization plans on motivating its current staff to meet the organizational goals of the company. Once the organizational goals are met, Utley has to develop a plan on how to measure performance and what incentives will be given. A pay for performance would be effective for Utley employees if the new plan entailed: a) Establishing a culture that would support pay for performance. b) Effective and fair supervisors. c) A rigorous performance evaluation system. d) A system of checks and balances to ensure fairness. e) Communication and training for employees and supervisors. f)
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This note was uploaded on 06/08/2011 for the course HRM 533 taught by Professor Dr.sims during the Spring '10 term at Strayer.

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assignment #4 Utley edited 1 - 1 Running head: ASSIGNMENT:...

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