Recognizing Employee Contributions

I am the Human Resource manager of a relatively new company that has both Internet and retail sales. My company has been growing steadily in both profitability and revenue. The company realizes that for it to retain the highly productive and solid workforce it currently has in place, it is imperative to enhance the benefits and base compensation package that is offered to the employees. Currently, the company only offers a basic compensation program and only the federally mandated benefits. According to reports from employee surveys, it is evident that the compensation, as well as the benefits program may be well out of date.

…………………………………middle of paper……………………………….

In conclusion, it is pretty evident that recognizing the contributions of all employees in a company is very important for not only the company, but also for the employees themselves. The company can recognize the employees’ contribution by offering benefits and other compensations as discussed above. In addition, the company can also offer its employees incentive pay in a bid to retain its employees and avoid turnover.

References
Baird, I. S., & Thomas, H. (2005). Toward a contingency model of strategic risk taking. Academy of Management Review, 58: 230-243.

  • Length: 2108 Words (7)
  • Rating:Better Essays
  • Price: $32