Organizational Change Sample Paper Abstract An organization that has great strategies but does not have a culture that can allow it to put the strategy into action seizes to be a prosperous organization.
Incentive plans provide various benefits to employees when they achieve specific goals and objectives set by the organization. According to Gostick and Elton, incentive plans are usually used by executive managers to encourage desirable behaviors of employees within the organization Organizational incentive plans are often used as motivational techniques to inspire employees to work harder towards the achievement of organizational goals and objectives.
Gebauer, Lowman and Gordon suggest that incentive plans can also be used in sales and marketing to attract customers. Chikarovski and Costello refer to incentive plans for employees as pay for performance Incentive plans usually encourage and stir up employee loyalty and commitment to realization of organizational goals.
Due to increased competition Organizational plans essays the labor market, development and implementation of appropriate incentive plans for employees has become one of the greatest challenges that most organizations face today. Increased competition amongst businesses to attract and retain high profile employees has made it difficult for organizations to formulate appropriate incentive plans that would enable them to effectively achieve their goals.
It is thus important for organizations to ensure that appropriate incentive plans are put in place to attract and motivate employees.
For an incentive plan to be effective, it must provide adequate motivation for the employees or the targeted party Lawler, ; McCoy, The rewards or benefits of an incentive must also be provided at regular intervals in a progressive manner based on the performance of employees.
Furthermore, incentive plans should be exercised without any bias or favoritism. Effectiveness of Organizational Incentive Plans Within our organization various incentive plans have been put in place by the executive management so as to motivate employees. Some of these incentive plans include recognition, bonus pay, sales commissions, and non-monetary rewards.
Recognition refers to the process of identifying and rewarding employees with outstanding performances. It also includes positive recommendations given to an employee based on his or her unique contributions to the organization.
In my opinion, recognition has helped in creating a healthy workplace environment. This has eventually led to increased retention of more competent employees. Through recognition, effective communication between the executive management and junior employees has been enhanced.
This has resulted into free sharing of information and ideas between the top management and staff members. Consequently, more innovative ideas have been generated, developed, and implemented by the organization.
Jun 29, · Managers engage in different types of organizational planning, such as product, workforce development and financial planning to steer their . The purpose of this paper is to discuss the assessment outcomes and organizational improvement plans. In it, we will look at the goals that enhance authority and accountability within an organization. Organizational Plans When conducting business, organization, planning, and controlling progress are essential. Organizations implement plans to ensure that each department and the organization as a whole run efficiently.
For example, development of a management information system MIS was proposed by a junior employee in the administration department.
Consequently, the organization was able to achieve its goal of adequate storage, retrieval, and access to well organized data to facilitate quick decision making within the company. Moreover, special recognition programs have been developed to help the organization achieve its objectives.
Bonus pay refers to various incentive programs designed to encourage employees to work extra time. Through the bonus pay plan, employees are given additional pay for extra time worked. Bonus pay is usually awarded in form of cash payments to employees, usually added to the basic salaries.
The use of bonus pay has helped the organization achieve high levels of production, especially when the demand for products has hiked.
Usually, an increase in demand for goods and services required urgent increase in production. Through use of the bonus pay, the organization has effectively met such increases in demand without necessarily increasing the production capacity through buying additional machinery.
The organization also uses sales commissions to motivate marketers and sales agents. This involves provision of extra pay for every unit sold beyond a certain limit set by the organization. For example, a marketer who sells goods worth more than two thousand U.
In my opinion, the use of sales commission has helped the organization in motivating salespersons. This has resulted into an incredible increase in sale volumes. In addition, since the sales volume is usually high, fewer goods go bad hence decrease in waste and losses.
Non-cash incentives refer to rewards offered to employees that are not monetary in nature Nelson, Non-cash incentives include vocational trips, trophies, certificates, and promotions. The organization effectively used non-monetary rewards to motivate elderly employees who do not value money but rather recognition, for example, a long serving employee aged fifty years would prefer to be promoted to a higher rank than to have his or her salary increased.
In my view, the organization has effectively used non-cash incentives to motivate employees who are ego-oriented thus need recognition and self-actualization. This has resulted into improved performance of elderly employees. In general, I would argue that use of incentive plans has enabled the organization to achieve its goals and objectives due to greater employee motivations and empowerment, which consequently leads to improved productivity.
These plans have also helped in reducing employee turnover, absenteeism, idle time and cost of production per unit. Moreover, incentive plans have made it easy to assess and evaluate performance of individual employees.
Less productive workers have also been encouraged to work harder.Jun 29, · Managers engage in different types of organizational planning, such as product, workforce development and financial planning to steer their . The achievement of goals is greatly dependent on the planning, and this article will seek to elucidate on the importance of developing plans to achieve organizational goals.
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Organizational Plans When conducting business, organization, planning, and controlling progress are essential. Organizations implement plans to ensure that each department and the organization as a whole run efficiently. Organizational Plans Brook Pritchard XMGT/ May 22, Gary Cedrone There are three main types of plans that a manager will use in his or her pursuit of .
Organizational incentive plans are often used as motivational techniques to inspire employees to work harder towards the achievement of organizational goals and objectives. Gebauer, Lowman and Gordon () suggest that incentive plans can also be used in sales and marketing to attract customers.