The Financial Incentives within the SWDC - Case Study Example

The Financial Incentives within the SWDC The happiness of every employee in a company depends on the treatment they receive from their employer. It is not only a long vacation or fat pay, which can make the employees happy within an organization, but fair and equal treatment is equally an essential key to their happiness. It is an important factor for all the employers to ensure that incentives given out to their employees are reaching them through fair and equally. They should also ensure that all employees receive their accorded rights without struggle. The Solid Waste Disposal Company is an organization popularly known for its successful services of providing land for waste disposal. It is one among other companies fighting for environment sustainability. It provides a disposal ground, which can receive all types of waste products from all customers. The landfill, however, is far from the main company approximately 100 miles away. The distance from the landfill to the main company forced the manager, Don Morgan to organize a team of drivers who operate back and forth to the landfill area. The main challenge, which the drivers face is the limitation subjected on them concerning the financial incentives even if one exceed the expected number of tonnes set on the carriage. The way Don treats his employees is not just, because he only considers one driver called Tim McGhee to be loyal and gives him a chance to work closer to the company. Although Tim is a loyal driver, it is not right for Don to fail to recognize the hard work of the other drivers. He has to recognize the struggle of other drivers to motivate them towards pleasing performance. Dealing with several teams as a manager in a company is challenging especially for one person. However, one can manage by ensuring equal treatment of all employees. Don experiences the challenge of balancing the incentives for his employees. He must ensure that the three teams receive equal incentives although, he should also consider awarding the best and loyal drivers, but in a fair manner. To better the teamwork of the drivers, he has to involve them when awarding the loyal employees; this will motivate the other employees to work hard to get the reward during the next event. The SWDC Company provides some incentives that do not cover the entire needs nor satisfy the employees’ requirements. The case of Tim shows that the employees have to struggle so much to meet their needs. He has to work overtime to get enough money for bill for his hospitalized child. The worst failure of the SWDC Company is the lack of insurance of its employees. Medical insurance is a necessity, which every employee has a right to. To reduce cases such as Tim’s case, the company must provide the employees with medical cover as an incentive. If the company offers medical cover to its employees, it gains by increasing the probability of maintaining them, and thus, remaining a leading competitive firm. Don’s approach of letting Tim works on a landfill next to the company is not an efficient way of dealing with employees’ problems. It will not be easy for him to manage every problem that his employees may present to him. Medical cover will serve them equally as it is efficient in solving the various problems that employees normally face. The medical insurance is essential to employees because of the nature of their job that has risks, which one may encounter at any time. For SWDC company to be successful, it has to establish effective communication with its employees. The company should not wait until the employees complain about their problems. The SWDC employees complained on the issue of financial incentives, in which they claim that they are under subjection of incentive limitation even whenever they have enough time to work overtime. This company has to be close to its employees by establishing an effective way of letting them communicate freely. SWDC company did not have to wait until the employees complain because it affects the way they perform their duties. Lack of communication within every organization may lead to strike or demonstration by employees that may result in the destruction. The company should provide a simulative environment that can motivate the employees to work efficiently. The company should provide its employees with flexible schedules for them to work effectively. The company should also ensure that apart from financial incentives, the employees get other incentives like vacations, retreats, and sick leave among others. Rewarding structure should be consistent with the needs of all individuals working within the company. Motivation and incentives are what keep the employees happy within their place of work. Don’s must ensure that the motivation issue is consistent to avoid getting the employees working reluctantly on their respective fields. The employees must have the right of obtaining loans from the company any time as long as they fulfill the requirements stated. Tim’s case could as well be solved if the company can provide a loan for him to cover his pressing need of his sick child in the hospital. The company of SWDC should develop a close relation with their employees. It should learn about them to understand their opinions concerning the company, as well as their position within the organization. The manager should go through their records to get a better view of their living standards. Don should establish an effective way of measuring the poverty level of his employees. The act of measuring the poverty level will allow the manager and other team management to understand their employees better. Handling the employees will be easy duty if the manager has sufficient knowledge about them. Some organizations implemented systems of incentives such as Save the Children campaign. Such programs implemented within an organization will always amount to the success of the company because both the employees and the entire company benefit from them (National Solid Wastes Management Association, 1970). The SWDC organization should emulate such implemented programs to meet the needs and requirements of its employees and increase job satisfaction. Incentives should not only be of financial, but also, Don should introduce other means such as promoting employees who are loyal to the company. He should ensure that every employee receives incentive of whatever kind to bring back the company’s reputation. SWDC company is experiencing a downfall because of the way it treats its employees. The possible way of dealing with this downfall is by improving the relationship between the employees and the employers in the company. Don should ensure that there is equality in terms of incentives. All employees should access fair and equal incentives. If the company has to regain its high reputation, it must ensure that its employees are willing to be competent in their working areas. Don should ensure their form of incentive is diverse to satisfy employees. This act will rid Don off the dilemma situations. Reference National Solid Wastes Management Association. (1970). Waste Age. Atlanta, GA: Intertec Pub. Read More