Henderson Printing - 1168 Words

I have been asked to review the compensation system practices for Henderson Printing with a view to establishing a common set of principles and practices that are understood by both management and employees of the organization. In addition, it is both logical and desirable to ensure that Henderson Printing is motivating and rewarding a common set of skills and behaviours to all employees consistently in the organization in order for Henderson Printing to be the most viable organization as possible. Findings and Issues: Employees of Henderson Printing need to be feel that they are all being paid fairly at all levels within the organization. Currently there is no formal system of compensation that Henderson Printing follows and†¦show more content†¦Henderson has displayed. It will help with the issue of cost control and ensuring no one is being over paid for their job. The job evaluation system will also engage and motivate employees to seek promotions within Henderson Printing as they will encouraged to reach the next level and advance within the organization. Role clarity will also assist in the job evaluation process assisting employees in better understanding their role and responsibilities; as is the case with the current rank of supervisors providing conflicting information to employees. In addition to the job evaluation system described above, I would recommend Henderson printing implement a profit sharing plan in the organization which provides bonus payments to employees based on their profits of the organization. Employees of Henderson Printing will feel more motivated to improve the organization’s profits, it will promote improved cooperation with team members and stronger organizational citizenship. In addition, over time, if production becomes more efficient due to the employee’s invested interest in the organization and identify perhaps new and innovated ways to increase production seamlessly, there may be an ability to reduce the need for supervisors and/or on-site managers, which would result in further reducing operating costs. Recruitment and retention of employees may also be assisted withShow MoreRelatedStrategic Compensation Henderson Printing1356 Words   |  6 PagesCompensation Henderson Printing June 12 2012 Case Study Henderson Printing As a component of the structural variables in the organization of Henderson Printing the reward system is archaic and ineffective at best, it is therefore important to understand the contextual variables affecting Henderson that will determine the most appropriate managerial strategy for this organization. Of the five contextual variables, Environment is the most critical. Henderson PrintingRead MoreCompensation System Of Henderson Printing Company1132 Words   |  5 PagesCompensation system in Henderson printing company Introduction One of the important aspects of business management is having a proper compensation system. Compensation ensures that the staff of the company obtains the results of their efforts. Compensation is a cost to the enterprise and, therefore, a proper remuneration model must demonstrate its ability to produce returns. Also, since compensation is what the employees get in exchange for their services, the type used must be one that will motivateRead MoreHrmt 326 Henderson Printing Essay1511 Words   |  7 PagesHenderson Printing Case Study Henderson Printing is a small-to medium sized firm that manufactures account books, ledgers, and various types of record books that are used in business (Long, 2010, p. 512). This company’s compensation system will be analyzed based on the five contextual variables as discussed in the textbook. The environment in which Henderson Printing operates can be classified as stable, as well as simple. This can be justified, as the company produces stable annual sales, thusRead MoreKodak And Its First Snapshot Camera1443 Words   |  6 Pagessold about 16.5 million of them. However, a patent infringement suit by Polaroid forced Kodak to abandon their instant camera product line. â€Å"By 1976 Kodak controlled 90% of the film market and 85% of camera sales in the United States† (Gavetti, Henderson and Giorgi 3). Kodak grew significantly, but it began to slow due to an increase in competition from Fuji Photo Film Company. Starting in 1983, with a new CEO, Colby Chandler, Kodak wa nted to enter into the digital business. In 1986, the companyRead MoreAn Evaluation Of A Buffer Arrangement1747 Words   |  7 Pagesand sodium acetic acid derivation) or a frail base and its conjugate (smelling salts and ammonium chloride). 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