HRES 2203: Multi-Products Corporation Case Study Analysis

Desklib provides past papers and solved assignments for students. This case study analyzes Multi-Products Corporation's strategies.

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Multi-Products Corporation
Individual Assignment
HRES 2203: Multi-Products Corporation
Individual Assignment
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Multi-Products Corporation
Individual Assignment
1. Using your own words, briefly outline the background – presentation in bullet form is
acceptable. Explain the managerial strategy that you recommend be adopted by this
organisation and elaborate on each of the five contextual variables that influenced your
recommendation.
The case study of Multi Products Corporation has provided with several favourable variables and
scenarios that will aid the business to flourish and grow in recent years. The case study of Multi
Products Corporation has provided with a business environment that supports the development
and establishment of the business. It is necessary for the managers and the administrators to
define and execute an effective managerial strategy that will provide for business execution. The
managerial strategy which must be adopted in this case study is represented with the strategy
variable below:
Products and Services
The case study has provided that products developed by Multi Products Corporation are
designing and developing products of golf sports that are patent protected. This ensures the
business to achieve a competitive advantage and produce products with desired features and
dimensions. The products are patent protected and have been designed according to the most
popular needs of this sport.
Finances
The case study has also provided with a scenario where the senior management has ensured with
utmost trust and confidence with the manager. This scenario has provided that the senior

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Multi-Products Corporation
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management will ensure for providing all the required financial resources. Financial resources
are required to ensure effective operational management and significant execution of the planned
procedures and programs. As long as the plans and procedures meet the financial goals and
objectives, the availability of the resources will be structured.
Customers
The case study has also evidenced that the markets and consumers for the products are strong
and are willing to pay the elected prices in order to consume the goods. The scenario has
established that the market will be strong and the demand will not be price sensitive which will
support for generally willing to pay consumers.
Production
The production technology that will be used in order to produce the goods and products is a step
by step and sequential production method. The technology that will be used in the production is a
high degree of efficiency technology. This will support for effective production and management
of operations.
Employees
The scenario provided in the case study has established that there is ample availability of
workers. The production technology requires semi-skilled labours that are easily available in the
market. The market conditions are also pointing towards unemployment that supports strategic
and cost-effective recruitment of the workers. The employees must also be provided with
effective reward systems that ensure the stability of the workers in the organisation. Effective

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Multi-Products Corporation
Individual Assignment
human relations strategies must be followed and implemented in order to develop strong
employee relations.
2. Recommend how structural variables should be implemented into the organization to
drive consistency with the managerial strategy that you recommended. One variable is the
reward system. Elaborate on the different parts of the reward system you have
recommended and discussed the pros and cons of each part.
The structural variables identified in the managerial strategy include for concepts such as
effective human relations, reward systems, coordinated consumers relations etc. One of the
variables in reward systems provided to the employees. A reward system includes different
aspects and practices that define for developing the motivation of the employees in order to work
with increased efficiency and productivity. The reward systems include monetary and non-
monetary rewards and incentives. The reward systems include the following:
 Compensation: This is the part of a reward system where reimbursement to the
employee is provided in the monetary or non-monetary form for the excellent services or
performance. This provides for an increased level of motivation and enthusiasm for the
employees. The demerit is it distinguishes amongst the employees on the basis of
financial benefits provided.
 Benefits: This is where benefits such as health care facilities, educational facilities, and
home age facilities are provided. The pros of this practice are that it stimulates increased
employee engagement and involvement in the organization. The demerit is it demotivates

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Multi-Products Corporation
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the employees not receiving these benefits irrespective of the performance level or the
job designation.
 Recognition: This defines for recognizing and appreciating the efforts of the employees
within the organization to appraise efforts and acknowledge the performance of
employees. The pros have increased the level of performance and efficiency of the
employees' appreciation and recognition provides for boosting the level of confidence
amongst the employees.
3. Identify the employee behaviour that “Multi-Products Corporation” should seek and
recommend how to generate this behaviour in the workforce.
The employee behaviour required in Multi Products Corporation is a mix of different behaviours
and styles that establishes for effective operations and management of the business. The
employees are required to depict behaviour that supports for respecting the seniors and the
customers. It should be the utmost priority of the employees to respect the consumers. The
employee behaviour required also includes a high level of professionalism and diligence. As the
employees are semi-skilled and highly educated, it is necessary for the business to inculcate the
habit of manageability and personal resilience.
There are different steps that can be undertaken in order to generate the desired behaviour, these
are as follows:
 Providing training and education to the employees regarding professional behaviours
 Inculcating the practice of effective communication and employee integration in the
business.

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Multi-Products Corporation
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 Developing the practice of employee motivation and employee development
4. Explain how base pay should be offered as one element of the compensation mix for
production staff. Support your recommendation with three reasons.
The base pay is the basic pay an employee is awarded in the compensation of working for a fixed
tenure of employment. The approach that can be applied in the Multi Product Corporation is
Negotiation Approach. This approach forms for undertaking negotiation between the employer
and the employee relating to the package and the base salary in the compensation strategy. In this
approach, a mutually acceptable package is identified and is determined to develop as the base
salary. This approach is determined as it enables to provide with different salaries and base pay
to different employee according to their skills and abilities. This approach will also enable to
determine the differences in capabilities and skills of different employees. The approach will
further support for developing strategic compensation strategies that will create awareness
regarding the changes in the salary structure as per the performance.
5. Recommend an organizational performance pay plan for “Multi-Products Corporation”.
Describe two key elements of this plan.
Merit Pay
The concepts of merit pay are also called pay for performance which is set by the employer
according to the work performance of the employee in regards to the certain time period. Merit
pay is based on the performance primary and supports for certain levels of employee
engagement.

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Multi-Products Corporation
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Lump Sum Bonuses
Lump Sum bonuses are bonuses and cash payments given in at once to the employees. These are
not an addition to the base salary of the employee and are provided as a single cash payment.
These are just bonuses that are not periodic and are not definite in amounts.
6. Recommend one loyalty and one social reward for “Multi-Products Corporation”.
Support your recommendation with two reasons for each reward.
Loyalty Reward
Promotion: This will increase the level of loyalty and engagement of the employee in the job.
Social Reward
Recognition: This will support for increased motivation and efficiency in job performance.
7. Using the five-step compensation strategy formulation process (Figure 6.1), Page 189,
formulate a strategy. Briefly describe your rationale for each step.
1. Defining the viewpoints of compensation
2. Linking compensation and business strategy
3. Reinforcing the compensation strategy in the organizational culture
4. Employee Reward and Performance
5. Defining total compensation

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Multi-Products Corporation
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6. Returns on invested payrolls
8. Identify the indirect pay plan that you would recommend for this organization. Justify
each of the benefit offerings.
Indirect pay plan is the indirect compensation provided to the employees apart from the base
salary and the direct compensation. The indirect pay plan includes non-cash benefits provided to
the employees to ensure employee appreciation and motivation. Indirect pay plan is used to
retain the talent base of the organization and attract new talent base for the organization. The
indirect pay plan includes the following indirect pay for the employees of Multi Product
Cooperation:
 Health insurance: It provides with health care benefits and advantages to the employees
related to their health issues. The health insurance provided by the organization will
provide with safety to the employees regarding the health issues.
 Life insurance: Life insurance ensures the employees against any accident and tragedy
that may impact on their life and employability skills.
 Disability income protection: It safeguards the employees against any disability
(physical or mental) that may hamper the employability of the employees working in
Multi Product Corporation.
 Retirement benefits: This will provide with loyalty benefits for the organization, and it
tends to hold the employees till the time of retirement arrives. Certain amounts are
provided to employees seeking retirement from the organization.

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Multi-Products Corporation
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 Employer student loan contributions: In this indirect pay plan the employer contributes
for the loan undertaken by the students for personal or educational purpose.
 Educational benefits: Opportunities are provided to the organization by recruiting young
and a talent base of employees pursuing studies and seeking internships. It also supports
for providing with a constant source of knowledge and experience by enrolling in training
and development programs.
 Childcare: This facilitates for providing child care facilities to the working women of the
organization and will support them in maintaining a balance with their personal and
professional lives.
 Paid Vacations: Another type of indirect pay that can be provided by Multi Product
Cooperation is Paid Vacations. The organization can provide with paid vacations to the
employees in order to ensure the recreational benefits and purpose. The number of days
depends on the position and the level of performance of the employees.

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Multi-Products Corporation
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References
Long. R. & Nelson. (n.d). Strategic compensation in Canada, 6th edition. Mind tap access.