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Human Resource Management(MGT501) Spring 2014 Assignment No. 02 Due Date: August 03, 2014 Marks: 10

Human Resource Management(MGT501) Spring 2014
Assignment No. 02
Due Date: August 03, 2014  Marks: 10   
 
 
 
A new CEO of a telecommunications company knew that there has to be a better 
way to get his employees to be more productive. Earlier, this company had a good 
incentive program that those employees who produced well in accordance with 
established company goals would receive award at weekly, monthly and quarterly 
intervals. Something, however, was not working right. It appeared to CEO that after 
an award was given, productivity would slack off until the next major award was 
nearing
The CEO implemented his new system‐one in which no systematic process was in 
place to provide reward. Rather, he now takes it upon himself to administer the 
rewards as he sees fit. This means that employees don’t know when they may be 
rewarded but understand that any reward given is attributed solely to company 
profitability
Since its beginning, this unusual incentive plan has resulted in significant changes in 
the company. Productivity has shot up, while simultaneously work force has shrunk; 
company sales record  are being broken each  year;  and employees  are receiving 
more reward than ever before. One difference, however, is that these rewards are 
tailored to the unique needs of each employee; that is, rather than a rigid incentive 
plan whereby employees receive a similar reward, employees are now afford the 
opportunity  to  receive  what  they  want.  And  what  are some  of  these  tailored 
rewards? One employee got a five‐day, all‐expense‐paid trip to Dubai for the entire 
family; another got an expensive suit and a set of pearls for his wife; yet another 
got an expensive Laptop (portable personal computer). 
Questions: 
1. How CEO has  linked his self‐determined reward system to the motivation 
process? (5‐Marks) 
2. Would you consider new incentive plan to be fair, when one employee can 
get  a trip to Dubai for the  entire family, while  another  got  an  expensive 
Laptop (portable personal computer)? (5‐Marks) 
     
 
 
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Replies to This Discussion

Plz Help..... Kindly Give Some Idea..!!!!

HRM_Rewarding.ppt, ye file open ni ho rhi, croupt ha. plz give another idea...

i think the ceo acted wisely by changing the incentive plan because know the employees are feeling more energetic and commited towards showing their best in the company. therefore the Production is also increasing day by day.

 hope this idea works

sir is this the real solution becosue it is not going well

ASALAMUALIKUM....

kisi ne b tekh se idea nahi dia es ka.... plz bata dein... confusion khatam krein

confused 

koi tu btao idea kuch smjj nae a raha

ap ko totally samhj nahi aa rahi kya

I like, the new incentive plan 

dear students i don t more but one thing which is I observe  our instrutor of this subject give marks those who  answer to the point and so  maj ko ys assignment bary laj rah h ky

1.performance appraisal  or motivition tehories which is in lec 31 answer would b contain in this lec so  try and make a precise idea  and no waste time bcz paper is start from  22 aug and wasting of time affect our preparation of final exam so discuss about in u capabilities 

and more as CEO link with either performance appraisal or motivation theories of any one of them  in my idea is maslow ,s need hierarchy so any one know better discuss

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