Evaluation Of A Business Organization - 765 Words

To determine what organizations to compare to your organization you will start by looking primarily for organizations in a similar business and located in a similar geographical region. Trade associations or employer associations can frequently help by providing information. Your organization’s pay structure may differ from those in competing organizations if decisions are made to use pay as a primary reward strategy or perhaps emphasize other issues. For example, your organization might offer good training opportunities for new college graduates, and therefore, your pay-level decision is to pay typically below market. A consequence of having a pay structure out of line is that if you are overpaying, you will find it increasingly difficult to compete, since your labor costs are too high. If you are underpaying, it will be difficult to attract and retain employees. There are trade-offs, however, that make a considerable difference in the consequences of over or underpaying in r elationship to the market, for example, as mentioned in the text. 2. The most innovative alternative discussed in the text are skill-based pay. The advantages are that flexibility helps promote lower staffing levels and aids in situations where the manufacturing process demands adaptable, flexible responses. For example, flexible manufacturing, and just-in-time systems. The disadvantages are that the organization may find it difficult to use all skills effectively (i.e., work design must also change),Show MoreRelatedAnalysis And Evaluation Of The Business And Financial Performance Of An Organization1365 Words   |  6 Pagesto work on project. Reason for choosing this topic I glanced at information pack from OBU and in that they offered wide variety of topics to choose from evaluation and analysis of organisation to critical review of key factors affecting organisation or brands. But topic no. 8 made most sense to me which is â€Å"Analysis and evaluation of the business and financial performance of an organisation over a three year period†. Reason is my incline towards handling financial data and number crunching. PersonallyRead MoreEvaluation, Feedback And Rewards774 Words   |  4 Pages Evaluation, Feedback Rewards Organizations to include my very own use rewards to attract more employees, retain current employees, and motivate others. These are generally the cause for rewards in businesses. Rewards can vary from organization to organization and also the nature of the award. In order to effectively distribute rewards in an equitable manner, a system for performance evaluation must first be developed and implemented. To effectively maximize the effectiveness of the businessRead MoreEffective Training Evaluations1600 Words   |  6 Pagesto new personnel. A training evaluation measures specific outcomes or criteria to determine the benefits of the program. In order to determine the effectiveness of the program an evaluation must be conducted. Companies invest in training because learning creates knowledge; often it is this knowledge that distinguishes successful companies and employees from those who are not. While there are various ways to evaluate the effectiveness of learning within an o rganization, most methods tend to fall somewhereRead MoreMb0052 Strategic Management and Business Policy Assignment Mba Sem 41486 Words   |  6 PagesMaster of Business Management Semester IV MB0052 – Strategic Management and Business Policy - 4Credits (Book ID: B1314) Assignment Set- 1 (60 Marks) Note: Each Question carries 10 marks. Answer all the questions. 1. What is meant by ‘Strategy’? 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In strategy evaluation performance is compared with desired outcomes and feedback is given to management to assess and take co rrective action.(evaluation and control byedward nii amar)Read MoreEvaluating Greenby Education Department1538 Words   |  7 PagesaRunning head: EVALUATION RESEARCH PAPER Case 10: Evaluating the Consultation and Education Department Research University of Phoenix Evaluation the Consultation and Education Department The Greenby Community Mental Health Center process evaluation measure suggests the Consultation and Education Department needs to implement the address of the real questionable issue within the organization, and to evaluate the programs being offered through the organization. The questionable issueRead MoreHuman Resources Management Essay1308 Words   |  6 PagesEmployee costs usually consume 70 to 80 percent of the budget of most organizations. By managing human resources effectively and efficiently, you will know that your workers are satisfied and motivated, willing to perform their duties to the best of their abilities. Effective human resource management should help employees find meaningful work and try to provide them with career satisfaction. It may also help an organization to improve its performance and increase success. The responsibilitiesRead MoreHow Microsoft Growth Led to Control Problems Essay985 Words   |  4 PagesMicrosoft’s problems with its control and evaluation systems to each of the stages of growth in the Greiner’s model. Organizational growth is similar to the life cycle of any living entity. The organization is birthed in an entrepreneur’s head and then goes through the growth cycles to create its own version of becoming a legitimate entity that the stakeholders find dependable, responsible, and having the ability to create value (Jones, 2010). As the organization grows it must develop skills and competences