Planning Document Revamping the compensation and benefits package for employees

Revamping the compensation and benefits package for employees Name: Course title: Instructor: Institution: Date Due: As a human resource manager, I will initiate programs aimed at performance evaluations for all the workers at the company. This is an attempt of measuring the efficiency of the workers in terms of their job performances and be able to communicate these appraisals to them. This evaluation process is deemed to make these employees become motivated in terms of productivity, efficiently and correct inappropriate behaviors. I hope that the tool of performance appraisals will be very helpful in making management decisions with regard to demotions, discharges, promotions and pay rises. Performance appraisals help to determine employees who are productive, and therefore, deserve promotions, pay rises, and or incentives to encourage them in this endeavor. The compensation program for hardworking employees will entail pay rises and other benefits. On the other hand, I will endeavor to initiate programs to offer the workers other benefits alongside their normal earnings. These benefits will include incentives, discounts and health insurance. This scheme will not only be beneficial to the employees but also to this organization. It is well acknowledged that compensation programs if well sustained will make the workforce be loyal to the organization. It will help to retain competent and experienced employees. This practice will also reduce the incidences whereby employees look for jobs elsewhere because of low pay. As a new human resource manager, the best performing employees are rewarded in order to go on with the momentum of their productivity. I will ensure that workers who meet the targets or exceed the targets set by the company are compensated with rewards such as bonuses, pay increment, and other financial rewards. These endeavors will make the employees feel motivated and be responsible in matters related to the job. This will in turn help the or...