StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Professional document (letter or memo) - Essay Example

Cite this document
Summary
Instructor Date Memorandum To: Mr. Fred Smith, CEO, Missouri Computation From: Mr. Bertram Johnson Date: October 13, 2012 Subject: Analyzing the issues involved with implementing the pay-for-performance idea Situation There has been a concern around the organization on the type of the reward system that is being used for the sales force…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.5% of users find it useful
Professional document (letter or memo)
Read Text Preview

Extract of sample "Professional document (letter or memo)"

Download file to see previous pages

These advances have made it possible for the human resource to come up with proper recommendations. The recommendations are aimed at improving the work rate displayed by the sales force. The work rate has decreased significantly as their morale has been diminished by the implementation of the pay for performance reward system. Proposal As much as the pay form performance reward system is appropriate and practical, some adjustments need to be done to incorporate all the condition different individuals have in the sale force.

In the current pay for performance system all sales people are entitled to pay depending on their performance. Their performance is measured by the quantity of stock they have turned to cash. The commission paid does not include any other form of reward or incentive. In my proposal, all sales people should be entitled to a fixed salary rate. However, the salary should be half the salary of the required pay. The rest of their pay should then be based on commission. This will at least create a balanced operation ground among all the sales employees.

According to Miner, the implementation of this move will indirectly motivate employees (34). The motivation will significantly translate to a more active sales force. My proposal in adjustment of the pay for performance system also involves the giving of extra incentives to the most performing sales people. This will not only give the sales force something to look forward to, but the sales in the organization will increase significantly. Additionally, this move will make the bonus system of the pay for performance system more practical.

Rationale The welfare of the employees should be the most significant factor to be considered when implementing the proposals. As the main body of ensuring that consumers’ needs are satisfied the organization should be very considerate when dealing with them. Additionally, the level of equity turnover should be considered before formulating any reward system. Rewards system should be dictated by the amount of sales the organization makes at each quarter. Implementation There should be a proper recording system in which the turnover figure for each employee is recorded.

The turnover figures should determine whether or not an employee will receive a bonus. The turnover figure should be recorded after each quarter. As originally recommended by the pay for performance system, the reward system should be as follows: 100% over salary for the topmost sales person; 60% for the second top; 30% for the third and fourth; and no extra for the rest. As internationally recommended, all employees in the sales force should be entitled to a salary that is constant to all of them.

Just as the initial reward system, there will be oppositions raised against these proposals. However, as stated by Miner, the consistency of a reward system is very important (235). If the advantages of a reward system are many than the disavantages, then the rewards system should be fully implemented and with time all employees will feel justly rewarded and treated. The management should also be fair when it comes to awarding of bonuses and incentives. With high stakes and topping the turnover figures, employees could be tempted to apply dubious operational skills.

To curb this, the organization should come up with company rules and regulations which will govern the mode in which the sales force operates. This will also create equality in the

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Professional document (letter or memo) Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Professional document (letter or memo) Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/business/1458655-professional-document-letter-or-memo
(Professional Document (letter or Memo) Essay Example | Topics and Well Written Essays - 750 Words)
Professional Document (letter or Memo) Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/business/1458655-professional-document-letter-or-memo.
“Professional Document (letter or Memo) Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/business/1458655-professional-document-letter-or-memo.
  • Cited: 0 times

CHECK THESE SAMPLES OF Professional document (letter or memo)

Interoffice Memo

We are a professional organization and must maintain a professional image.... However, I am thankful that you showed enough concern to contact me about this matter.... I will be happy to provide you with an outline of our global e-mail policies.... hellip; As a PR to personal discussion boards or use groups with you corporate e-mail....
8 Pages (2000 words) Essay

Institutions with Effective Communication Strategies

Institutions with effective communication strategies based on courage, innovation, and discipline especially during times of change are more effective in engaging the staff and other employees, in achieving the required business results.... In communication, companies pay special… Formal communication is a type of communication used to pass information through a hierarchy of commands in organized and strategic Communication may be in form of written communication, or verbal communication in institutions, and plays a large role in the success of an institution's operations....
5 Pages (1250 words) Assignment

Good Business Writing Skills

Conversely, if an email message is carefully written, it becomes more impressive than a letter because of its added advantage of rapid transmission.... If a business document comes across to the recipient as being too abrupt, it can commonly be misconstrued as a sign of the recipient being not important enough for the sender to take the time out to carefully check the document's spelling and grammar as well as write complete sentences.... The development of professional courtesy is one of the benefits of enhancing my business writing skills....
4 Pages (1000 words) Essay

Business Use of Samsung Galaxy Note 2

The procedure is based on the set of some evaluation techniques that checks the effectiveness and efficiency of the interface, and reviews its fulfillment with well-known documented principles presented by Heuristic.... It works with the objective of identifying issues while using… Heuristic has described ten principles for interaction plan....
12 Pages (3000 words) Assignment

Accounting as a Profession

The accounting profession is a challenging job and need more commitment and responsibility from the professional.... Accounting professional need to Accounting major is a study concerned with the measurement, analysis, evaluation and reporting of information including computerized information which assists the managerial in organizing of the resources of business entities and government organization....
9 Pages (2250 words) Essay

Reflection

Reference numbers should not miss a business official communication be it to the client or an internal memo to the staff.... Simbiel drafted a memo and gave me the mandate to spread to staff member offices and put them on the notice board.... The memo never achieved purpose intended for because in had no date printed on it.... When putting together a document to send, address and salutation of the recipient are mandatory.... When putting together a document to send, address and salutation of the recipient are mandatory....
2 Pages (500 words) Essay

Cover letters memo

This is because a very important tool in any job Running Head: Cover memo for Application letter and Resume.... I thoroughly research before getting down to craft a cover letter to any job and hence my letters are addressed to the right persons, they tell the specific reasons for my interest in the particular organization and make the recruiters understand the much I can go in order to deliver results.... According to Forbes Magazine, a wining cover letter should clearly tell the recruiters why you desire to join the company and I find out all available information about the job, understand what recruiters are looking for in candidates and present just this in a manner that makes me stand out....
2 Pages (500 words) Essay

Online Writing Resources

Whether writing a memo, letter or report, the message should be structured with the reader in mind, to fulfill the objective.... One should use action verbs to describe skills, experience, and… A cover letter introduces an individual to the potential employers.... The letter acts as a sample of the applicant's written communication skills.... ob Search LettersA cover letter introduces an individual to the potential employers....
2 Pages (500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us