4 pages/≈1100 words
Business & Marketing
The Proposed Employee Reward System Implementation: Benefits/Outcomes (Research Proposal Sample)
The assignment was a to prepare the student a proposal to implement a recommendation that they had been awarded at the university.source..
Proposal to Implement Employee Reward System Student’s Name: Institution’s Affiliation: Date: Introduction Employee reward system is one of the strategies that a company can put in place as a way of motivating and encouraging its employees to work harder and generate more output using minimal resources such as labour, time and capital (Madera, Dawson, Guchait & Belarmino 2017). Maximizing the output is a core object of the human resource department and thus it is their core responsibility of making sure that their employees are in the right mindset and conditions to perform. Air Asia is one of the lowest-cost Malaysian airlines. It is the largest airline in Malaysia and the world in terms of fleet size and its destinations. It operates both internal and international flights of more than 25 countries (MYX 5099). For a series of years, Air Asia has been ranked as the best in the world in terms of lower cost in international and airline awards. The Proposed Employee Reward System Implementation There are quite a number of employee reward systems that a company can choose to incorporate in order to encourage and motivate its employees to produce more. Rewards systems are made to uplift the morale of the employees and push them to produce more. Since the Malaysia Air has been affected by the problem of employee negligence which has subsequently led to poor service delivery, their choice of the reward system is allow each passenger to give a loyalty point to the staff who serves them and this point would converted into the employee’s annual leave. Benefits/Outcomes of the Recommendation One of the expected benefits of the proposed recommendation is that employees of the Airline will be motivated to give the best service to their customers at all time and this will drive an increase in the number of clients will which lead to a subsequent rise in sales. As a result the financial benefit aspect of the company will be uplifted. Secondly, the company will expect a more serious engagement and commitment to work by their employees as each individual will strive to give the best knowing that at the end, there is a benefit of winning an annual leave. This type of engagement and commitment will lead to an expounded way of solving any arising issues or problems within the company. Once such dragging issues are handled and managed in the right way, the aspect negligence will gradually disappear and every employee will get back on track to work to their level best. Earnings per share of the company will increase and costs in specific operating areas will be reduced therefore making the organization yield a profit. Customer benefit will also be enhanced through meeting their demands and satisfactions (DuFour, R., & DuFour, R., 2010). Quantification/Measurement of the Results The benefits earned will be measured in various ways that includes looking that the current number of clients and comparing with the figures of the previous clients. If there will be a rise in the number of clients, then the recommendation will have yielded a positive feedback. A decrease in the number of employees will mean that the recommendation was not appropriate and revisit of the same is required by the management. An increase in the number of sales in terms of profits made will also be a good way of measuring the results of the proposal. This means that an increase in the company’s profit would mean that the proposed recommendation has worked well for them while a decrease in the profits of the company would mean that the proposed recommendation was not appropriate and a check out is required. Time Required and Stages of Implementation The Implementation will require a period of one year and six months to be fully implemented and another three months for its evaluation to gauge its output. The proposal will be implemented in five phases. The first one will be a feasibility study of the current systems in place to review its strength and weaknesses. The second phase will include identifying the needs/requirements of the Airline both in terms of human resources and company goals. The third phase will constitute getting in place the rights individual to implement the proposal and this will bring in aspects such as employee training, job displacements, job rotation among others. Once this is successfully done, the fourth phase will now embark of the actual task of installing the proposal and monitoring its performance step by step using set down key performance indicators (KPI) such as clients’ numbers and profit generation. The final phase will incorporate evaluation of the recommendation to see whether it is actually achieving its intended objectives. The following aspects will also be covered: * Collecting and organizing information on customers and services. This is important during customer satisfaction * Comparing one...
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