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Restructuring JKL's finance department: A case study

   

Added on  2020-03-13

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Running head: HUMAN RESOURCE MANAGEMENTHuman resource managementName of the student:Name of the University:Author note:
Restructuring JKL's finance department: A case study_1

1HUMAN RESOURCE MANAGEMENTTable of contentsIntroduction......................................................................................................................................2Restructuring organization...............................................................................................................2Factors to be considered while restructuring JKL’s finance department:.......................................3Milkovich pay model:......................................................................................................................3Conclusion:......................................................................................................................................6References:......................................................................................................................................7
Restructuring JKL's finance department: A case study_2

2HUMAN RESOURCE MANAGEMENTIntroduction:The case study mentions the issue of remuneration and performance management.Bronwyn being a loyal employee in an organization named JKL Corporation discovers that herbase pay was equal to her colleague who has lesser experience than her. Bronwyn’s manager,Wayne had told that her output was lesser than that of her colleagues due to which her pay wasless. However, she wanted a rise in her pay and also wanted a 10 years guarantee of employmentat JKL Corporation. On the contrary, the company aimed at keeping the labor costs as minimumas possible. The department in which Brown used to work had been underperforming since along time due to which the management had decided to restructure the department (that is thefinance department) within the coming few years. This change might results in the redundancy ofBrowns job role. Restructuring organization:The restructuring of any department has always been a tedious task due to the changesthat occur in the job profiles and the organizational structure (Cummings & Worley, 2014). Thechanges are often not accepted by the human resources of an organization and leads togrievances and conflicts. Therefore, there is a requirement of a proper HR management strategyso that the conflicts within an organization can be avoided without affecting the efficiency of theorganization (Robichaud & Cooren, 2013). In the case of JKL Corporation, restructuring financedepartment had become necessary because it was adding up to the costs of the company byunderperforming.
Restructuring JKL's finance department: A case study_3

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