Discuss the various incentives plans Mr. Rashid can be implemented based on the scenario given. Which incentive plan you will suggest
1. Mr. Rashid started a bag production company in Muscat on 1st January 2015. He has recruited 100 workers to produce the bags and paying them based on their output. Due to the increase of demand of his product, he recruited 20 more workers to increase the production rate in order to meet the customers demand on time. Now a days he is receiving lots of complaints from the experienced staff saying that they are producing more units of products compared to new staff, also they are not getting effective payment. It has demotivated them and the production efficiency going to be reduced in the company. Later Mr. Rashid noticed that, some of the workers are highly efficient, some of them are showing average performance and the newly appointed employees’ performance were very poor since they are beginners. As HR student analyze the scenario and try to help Mr. Rashid to solve his problem by answering the following questions.
a) Discuss the various incentives plans Mr. Rashid can be implemented based on the scenario given. Which incentive plan you will suggest to Mr. Rashid to solve his problem. Justify your answer with your own practical example.
b) Develop a salary survey questionnaire in order to improve the compensation practices of Mr. Rashid’s Business (Note: Minimum 10 and Maximum 15 items need to be included in the questionnaire.) and explain how it will be helpful to improve his company’s compensation practices.
2. Many financial and non-financial benefits will help to motivate the employees at work and able to increase their performance. Watch the video in the given link and explain the various non-financial benefits, also explain its importance in the organization as well as employees’ performance improvement.
3. Identify any one recent article/Journal which is related to impact of COVID-19 in employees’ compensation and benefits and write a short summary on it.
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