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Reward strategy- case study - Essay Example

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Managing human resource itself is a great challenge for organisations and companies which remain unsuccessful in managing workforce faces the problems of recruitment, high turnover, lack of employee motivation and poor financial results. Various companies have been facing such…
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Reward strategy- case study
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"Reward strategy- case study"

Download file to see previous pages The key issues that will be discussed include the retention, recruitment, employee benefits and performance management. Moreover, the theoretical concepts will be used to discuss the issues from theoretical perspective. Finally the recommendations will be provided to Chalmers to resolve the identified problems. In short, this report will assist Chalmers in identifying the ways through which current challenges can be faced in a better manner.
The current situation of the company reflects that business strategy of the company is customers-oriented, which is especially perfect in this kind of business. However, I believe that the major issues which the company is facing are as follows:
The labour market issues in Slough are not only faced by Chalmers but most of the companies in Slough are facing tightening of labour market. The major reason of the tightening of labour market is the significant recruitment problems. “Slough businesses experiencing recruitment difficulties (25% of businesses with vacancies) when compared with the South East (18%) and England (17%). There are also higher levels of hard-to fill vacancies (13% compared with 8% and 7% respectively) (Askew & Ormiston, 2008).” This report also identifies the skill gap in Slough market because 32 percent companies in the city employ staff, which is not fully proficient as compared to 18% (SE) and 16% (England). Finding a qualified people in Slough is difficult as compared to other regions of Britain. Moreover, the identified problems in Slough labour market through survey in this report include the lack of skills in the residents of Slough according to the opportunities available and the priorities of employers reflect the growth in value added services, English language skills acquisition issue and lack of motivation issues (Askew & Ormiston, 2008).
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