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Based on DQ1 Potential Problems and Based on DQ2 Six Steps - Assignment Example

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Five ways in which a total rewards program can go astray are: a) trying to reengineer programs in pieces, b) trying to implement changes all at once, c) limiting the number of people involved, d) not doing a thorough impact analysis, and e) not communicating effectively…
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Based on DQ1 Potential Problems and Based on DQ2 Six Steps
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Download file to see previous pages “Feedback is an essential part of learning” (Seun, 2010).
b) Implementing all changes at once is not a wise move. If a program is not working the managers must find ways to make changes, but these changes can not occur all at once because this can lead to information overload for the employees. A timetable must be created to slowly implement the changes to the total rewards program.
c) It is true that during the design process of the total rewards a lot of groups should be involved such as human resources, executives, finance, employees, board of directors, and customers, but the actual implementation should involve a limited number of people. A way to involve different stakeholder groups, but limiting the number of people is by creating a committee. For a committee to be effective it must have well run meetings (Ala).
d) A thorough analysis of the total reward program is needed to ensure the program is viable during both good and bad times. A good strategy to ensure the success of the program during bad economic times is to create an emergency fund that covers at least six months of the total cost of the program. A way to eliminate bias from the process is by hiring a consulting firm to evaluate the program.
e) “Good communication skills are an indispensable asset without which the goals -- be it in any field -- may not be realized” (Buzzle, 2013). Firms must communicate well to their employees the different aspects of the total rewards program. Communication must be made both in verbal and written form.
I completely agree that consistent communication is imperative towards the success of an enterprise. Creating a policy regarding proper communication in the workplace can help open the lines of communication between the workers and the managerial staff. At my place of work communication among the employees is good. Some of the techniques that my company uses to maintain good ...Download file to see next pagesRead More
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