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.
Nobody downloaded yet

JVA Corporation - Assignment Example

Comments (0) Cite this document
Summary
JVA Corporation NAME: AFFILIATION: UNIVERSITY: JVA Corporation Performance Management System (PMS) Strategy for JVA Corporation The proposal for enhancing Performance Management System (PMS) at JVA Corporation incorporates all important factors that are mandatory for allowing easy progression of company in such tough economic turmoil…
Download full paperFile format: .doc, available for editing
Polish This Essay96.7% of users find it useful
JVA Corporation
Read TextPreview

Extract of sample
"JVA Corporation"

Download file to see previous pages Organizations that lack proper PMS are unable to fulfill their commitments and even compromise on quality of their goods and services which can significantly impact their relationship with their customers (Performance Appraisal, 2011). Likewise, ineffective PMS will not be able to give confidence to employees as they will see that they are not being rewarded for their contributions and they will be unable to develop important skills required for performing their job with zeal and enthusiasm (Armstrong & Baron, 2005). Since economic recession has impacted working of all organizations, it has become important for them to take appropriate measures that will help them in enhancing their performance and cut back costs (Performance Management, 2012). Organizations have to make choices among various options such as close down their operations, cut down salaries of employees, lay off workers and many more; JVA Corporation will have to review its PMS so that it can make the right decision for its business operations and ensure that it is able to generate enough profit for its ongoing survival in the market. Considering the scenario of JVA Corporation, the most ideal strategy is the second one as it will allow it to ensure that people are secured about their jobs that they will not be made redundant. The strategy suggested for implementation by Human Resource Director is that every six months, performance and revenue will be reviewed so that decision about cutting or increasing pay can be effectively made. During these reviewing periods bottom line will be revisited as well. Employees will be motivated that they can get raises in their pay twice a year if they perform well. Implementation plan for PMS Since JVA Corporation has been losing money in the last couple of years due to economic recession, it will have to cut back perks and amenities that are offered to the employees. Before making any adjustments in compensation packages, heads of respective departments will have meeting with their departmental employees so that they convey the changes being made in PMS. Along with modifications in their pay packages, JVA Corporation will be able to save 2-3% of their net income; in order to raise salaries and wages, employees will have to meet demands of enhancing their performance so that they are eligible for pay increases. With this strategy, employees will be affected to a greater extent as they will be suffering from incentives such as pay raises, auto insurance, transportation cost and many more. However, workers’ morale will get boosted as they will realize that the company will not lay off the workers and they will not lose their jobs. JVA Corporation can be affected by implementation of the strategy because some employees might be reluctant to such impositions which will affect their motivation level and they will be discouraged to enhance their productivity; as a result of this, employees might get de-motivated. In order to boost the morale of such employees, HR staff will arrange counseling sessions with them so that they can tell them the reasons of making such changes and help them in developing their potential skills. One point needs to be clarified that strategy implementation is temporary and ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“JVA Corporation Assignment Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/management/1457955-jva-corporation
(JVA Corporation Assignment Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/management/1457955-jva-corporation.
“JVA Corporation Assignment Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/management/1457955-jva-corporation.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Corporation acquisitions
It helps them establish their basis within the pertinent market domains, and assist in exponentially enhancing their market share within the related market terrains. At times, firms pay just too much to acquire other corporations (Gaughan 1999). At other times, the costs for acquiring corporations is just reasonable, however this hardly happens and the firms end up paying a lot of money to purchase other corporations which shall be the cornerstone of their own success in the future.
1 Pages(250 words)Assignment
Nestle Corporation
Nestle Corporation is a company that has been very successful in the marketplace for over 100 years due to its ability to adapt to market changes and implement first order and second order changes whenever necessary. Throughout its history Nestle has implemented changes to ensure the success of the company.
2 Pages(500 words)Assignment
Multinational Corporation
(Barrell, 1997) But with the expansion in the economy, on one hand FDI has remained successful in providing full-fledged investment support to the East Asian countries, while on the other hand FDI has created a vacuum for the European states particularly in the area of labour.
8 Pages(2000 words)Assignment
Multinational Corporation (MNC) Environment
The focus of the paper shall be on upstream and downstream vertical integration. Vertical integration is a situation whereby a company dominates a market by controlling
2 Pages(500 words)Assignment
Major Corporation
This has enabled the corporation to meet its goals and become a leading one all over the world. Some of the Wal-mart’s philanthropic efforts that the
2 Pages(500 words)Assignment
The corporation
The film The Cooperation is organized in a compare and contrast manner. The film compares different cooperation and individuals including and top-level executives
2 Pages(500 words)Assignment
Dunkin donuts corporation
Quincy Massachusetts and has now grown to become a leading coffee and baked goods chain with fifteen thousand restaurants serving three million customers in a day (Dunkin’ Donuts, 2-3). Its products include 52 varieties of donuts, bagels, other baked goods, plus a dozen
2 Pages(500 words)Assignment
NCI corporation
Workers in the marketing department should be replaced since in the firm nobody knows how the new product can be marketed. The operating margin for manufacturing caskets is about
2 Pages(500 words)Assignment
Xerox Corporation
 Xerox Corporation is a multinational management corporation based in America. It manufactures and sells a collection of printers in black and white, multifunctional systems, photocopiers, the printing press for digital production and other associated services. It was founded in 1906 in Rochester, which it initially produced photographic paper.
2 Pages(500 words)Assignment
Emirates Telecommunication Corporation (Etisalat)
Emirates Telecommunication Corporation (Etisalat) is telecommunication provider established as a joint-stock company in 1976 by a British Company, Aerado Limited and local partners to offer telecommunication services (Etisalat, 2015). The structure of ownership changed in 1983 after the United Arab Emirates Government acquired 60% shares.
5 Pages(1250 words)Assignment
Let us find you another Assignment on topic JVA Corporation for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us