Introduction to Organisational Management

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Added on  2023/03/22

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Introduction to
Organisational
Management
(PART B)
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Cover content
Introduction
Key issues of home foods
Calculation of cost of current pay bill
Calculate projected new pay bill and proposed changes
System to rewards employees
Conclusion
References
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Introduction
This presentation is going to explain the issues faced by Home food
while running their business and calculate pay bill with the help of
appropriate method. Moreover, shows effective system of rewarding
employees.
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Key issues of home foods
Home food is fastest growing or developing company which involves
in transferring or wholesaling commodities across different regions and
situated in Manchester. However, Mr Wright is a entrepreneur of this
organization and primarily engaged in supplying essential raw
materials for their suppliers to make finished goods.
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Issues are further explained:-
Emergence of competitors
Quality of product
On time delivery
Budgeting issue
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Calculation of cost of current pay bill
Pay bill: These are known as legal document which consists of details
of wages those are paid to the employees or a particular group of
people. The total amount paid to them is analyse by evaluating there
total incentives, bonus and contribution plan that are taken by them.
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Calculate projected new pay bill and
proposed changes
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System to rewards employees
Each company has a rewarding system to motivate and encourage
employees. It is done so that they perform better in the organization.
Thus various methods are -
Compensation
Bonus and commission
Other benefits
Recognition
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Other methods are further mentioned:-
Job enrichment
Meetings
Promotion-
Job enlargement
Social interaction
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Conclusion
From the above report it has been summarized that it is indispensable
for enterprise to make an appropriate budget in order to gain
maximum benefit. Thus assignment supports in understanding the
methods of motivating employees for encouraging them towards
personal or professional goals.
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References
Brudan, A., 2010. Rediscovering performance management: systems,
learning and integration. Measuring Business Excellence, 14(1),
pp.109-123.
Cassettari, S. ed., 2012. Introduction to integrated geo-information
management. Springer Science & Business Media.
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