Impact of Employee Assistance and Compensation Program on Financial Steadiness of the Enterprise

Project Management

Table of Contents
Introduction...........................................................................................................................................2
Research aim.........................................................................................................................................2
Objectives..............................................................................................................................................2
Research Questions...............................................................................................................................3
Critical Literature Review.....................................................................................................................3
Impact of employee assistance on financial steadiness of the project................................................5
Methods.................................................................................................................................................6
Research Hypothesis:............................................................................................................................7
Findings and Analysis...........................................................................................................................8
Findings of Web surfing and annual reports of the company.............................................................8
Findings of Literature Review.........................................................................................................12
Discussion...........................................................................................................................................14
Conclusion...........................................................................................................................................14
References:..........................................................................................................................................15
List of Figures:
Figure 1: Relationship between the importance of compensation in improving the satisfaction
level of the employees................................................................................................................7
Figure 2: Importance of compensation with the benefit earned by the employees....................7
Figure 3: Difference in the compensation program arranged for the employees.......................8
Figure 4: Coordination and communication between the employees and top management......9

Introduction
The research was conducted to identify the impact and assistance of employees on the
financial status and steadiness of the enterprise. Decision making capability of the project
manager can be assisted by collecting relevant data to get knowledge about the financial
status of the firm. Scheduling of the activities depends on the cost allocated to finish the tasks
in minimum amount. Compatibility with the organization process depends upon the
connectivity of the employees in supporting the role and responsibilities given to them so that
project plan can be completed without any conflicting issues (Ajose, 2017). Recognition,
motivation, and communication provided to the employees helps in enhancing their
connectivity with the organization performance and financial stability (Brown, Gray,
McHardy, and Taylor,2015). Dependency of the project success is on the employee efforts
and capability to retrieve the end outcome of the project successfully.
Research aim
The research aim is to identify the employees support and their role in completing the project
successfully so that financial steadiness can be maintained for achieving the long term
sustainability of the project.
Objectives
The objectives of the research are:
 Identifying the impact on employee compensation program on the financial steadiness
of the company
 Identify the role of the employees in completing the project successfully so that
financial steadiness can be achieved
 Identifying the impact of financial policies and budget on the financial status of the
company
 Finding relationship between employee assistance and the long term sustainability of
the enterprise.
 Identifying the Compensation programs which are arranged for improving the
employee performance
 Identifying relationship between team efforts and project goal
 Evaluating literature reviews

Research Questions
What are the impacts of employee assistance and compensation expenses on financial
stability of the organisation?
Critical Literature Review
Compensation policies and budget approved for providing facilities and awards for the
recognised work in the benefit of the company had a direct impact on the financial stability of
the enterprise. Performance of the employees get increased by inducing the compensation
program because it works on motivating them to provide full dedication to the tasks provided
so that project goal and objectives can be easily retrieved (Ekere, and Amah, 2014). Working
efficiencies of the team members get affected due to the project compensation program
implemented by the enterprise. Sometimes, the employees take the motivational program in a
positive way and work hard to improve their skills and expertise to finish their tasks with
efficiency (Hallowell, 2017). On the other hand, sometimes they feel dis-hearted and extra
pressure on finishing the work efficiently. Overburden of work affects the performance of the
employees adversely which affects the financial stability of the enterprise. It is required to
identify the requirement of the compensation program to motivate the employees positively
(Jacobson, and Mizik, 2009). Knowledge management program is arranged which provides
the information to the employees about the benefits and facilities provided by the
organization on their good work and recognised efforts in the direction of project successfully
completion (Jehanzeb, and Bashir, 2013).
From the study of the literature, it has been identified that there are different techniques of
compensation program which have different impact on the work performance of the
employees. Capabilities and capacity of the working team can be moulded in the direction by
providing them opportunities to grab compensation and recognition for their good work
(Mabaso, and Dlamini, 2017). Operation and management of the firm can be improved by
inducing the performance measure and key performance indicator of the employees. It works
on enhancing their dedication in the direction of the project work (Tessema, Ready, and