Home Food Company: Evaluating Pay Bill and Employee Motivation Methods

This report delves into the Home Food Company's financial and human resource management practices. It begins by outlining the company's operations and identifies key challenges such as competition, product quality, and timely delivery, along with budgetary concerns. The report then focuses on the calculation of the current pay bill, emphasizing the components such as wages, incentives, and bonuses. Furthermore, it projects a new pay bill, possibly reflecting proposed changes. The core of the report discusses various employee motivation strategies, including compensation, bonuses, and other benefits, alongside job enrichment, meetings, promotions, and job enlargement. The report concludes by highlighting the importance of budgeting and employee motivation in achieving organizational goals, referencing relevant academic sources. This assignment provides a comprehensive overview of essential business management principles and practices.

Introduction to
Organisational
Management
(PART B)

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

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.

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

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

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.