Project Management Report: Employee Assistance and Financial Stability

This report examines the critical role of employee assistance and compensation programs in achieving project financial stability. It investigates the impact of employee support, motivation, and compensation on project success, including the effects of base pay, overtime, bonuses, allowances, and training. The research employs a mixed-methods approach, utilizing web surfing, historical company reports, and literature reviews to analyze the relationship between employee assistance and long-term sustainability. The report presents findings on the correlation between employee performance, financial policies, and project outcomes, highlighting the importance of employee contributions in driving profitability and return on investment. It also discusses various compensation programs, their impact on employee performance, and their effect on project financial steadiness, ultimately emphasizing the strategic importance of employee-centric approaches in project management.

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

Embaye, 2017). It is required to administer the accomplishment of the tasks provided to the
team members in the given period of time because measuring the performance of the
employees gives required information of the financial steadiness of the enterprise (Ton,
2013). Monitoring and controlling of the work program and process undertaken can be done
by managing the motivation program. Feeling of connectivity and oneness is generated in the
team members. Some of the common types of the compensation program are highlighted
below:
 Base Pay: Employees contribution and willingness towards the work provided and
company objectives and goals can be enhanced by increasing their basic salary.
Increment should be provided to the employees at regular interval of time. Revising
the salary brings positive motivation towards their work (Yaghoobi, Moradi,
Nooghabi, 2015).
 Work Overtime: Work overtime should be provided so that they happily and
satisfactorily complete their given tasks within the minimum period of time. It helps
in minimizing the risks of time delay associated with the project completion program
and results in long term sustainability and increasing return on investment
(Yamamoto, 2011).
 Bonus: Bonus should be awarded to the employees at periodic interval of times for
celebrating the festival occasion. It helps in developing the feeling of oneness and
family. Employees give their dedication of work in the accomplishment of project
mission (Zhang, and Pan, 2013).
 Allowances: Company should provide allowances for houses, travelling, meal, and
communication. Allowances are the compensation provided to the employees for
being connected to the enterprise and giving their time and efforts for completing the
project work and operation phase on time (Anderson, 2015).
 Motivational program: Reward and award system should be organized for giving
recognition to the employees for their good work. Employees work harder to achieve
the recognition by finishing their tasks with excellence (Badewi, 2015).
 Leaves: Medical leaves, leave without pay (emergency), maternal and paternal leave,
and etc. helps in developing emotional relationship between the employees and the
organization (Bogason, Dahl, 2015).
 Training and development program: It is required to enhance the skills and expertise
of the team members according to the project goal so that they can develop their

personality and working capabilities according to the requirement of the project and
finishes the given task with excellence (Carcano, Gilberto, Suarez, and Ibarra, 2016).
Compensation planning puts extra pressure on the financial budgeting of the enterprise.
Project cost gets increased due to the cost expenditure on the motivational program arranged
for the employees (Cousillas, 2010). On the other side of compensation planning, it can be
evaluated that dedication of the team in the benefit of the project and organization results in
improving the return on investment which directly affects the enhancement in the turnover
and net profit earned by the enterprise. Profitability earned by the enterprise with the
amalgamative efforts of the team members helps in moulding the capabilities according to the
demand of the project (Damoah, 2015).
Impact of employee assistance on financial steadiness of the project
Employees are the integral part of the project management process. Success of the project
depends on the efforts and contribution of the team members in the direction of the project
goal and objectives (Ennouri, 2013). Project manager provides the responsibilities to the team
members according to their capabilities so that they can give their best in their field and
should be satisfied with the job provided to them. It helps in improving their connectivity and
contribution to increase the return on investment (Gupta, 2019). There is a direct relationship
which exists with the project employee performance and project growth rate. Long term
sustainability can be achieved by synchronising the work performance, arranging training and
development program, and providing compensation and reward for their good work.
Employees are responsible for completing the given work with excellence (Hamad, 2018).
Consequences of the good work and team management plan helps in increasing the
profitability and turnover of the enterprise. Strategic goal and tactical planning are done to
minimize risk associated with the project goal. Milestones, time line, and cost baseline are
provided to the employees so that they can complete their work in the given boundaries
(Hamid, Raza, and Naqvi, 2013).. It has been seen that behaviour of the employees get
changed with the allocation of compensation program according to the need and requirement
of the team members. Working efficiency is improved so that they can compatibly finish their
tasks effectively and efficiently. Differences in the basic pay and compensation create the
feeling of competition among them to gain maximum benefit of the compensation and
allowances arranged for the employees (Haron, and et.al., 2013). Return on investment and
profitability of the enterprise can be enhanced by synchronising the flow of work, employee
capabilities, and implementation of new technology in the direction of project goal and

objectives. It is required to arrange the training program for the employees so that they can
make them compatible with the new working environment and technology (Haughey, 2014).
Compensation program arranged for the employees motivate them to enhance and sharpen
their skills and expertise to complete the project with excellence. Completion of the project
with excellence results in increasing the net profit earned by the enterprise. It can be extracted
that investment done on the compensation program is a fruitful expenditure in the benefit of
the enterprise because it will results in gaining and profit and increasing turnover of the firm
(Hornstein, 2015).
Methods
Secondary data sources are used for collecting the required data for the completion of the
research and findings. We have collected the data related to the research topic by web
surfing, historical records of the company annual reports, and literature review.
Web Surfing:
Data is collected from the blogs, websites about the impact of employee compensation
program on the financial steadiness of the company. Surfing of the websites gives the details
of the employee experience and company performance.
Historical records:
Annual reports of the companies are studied for comparing the profit earned by the
organization before and after arranging compensation program for the benefit of the
employees. Numerical data of the companies gives accuracy in measuring the change in
performance of the employees so that project goal can be actively achieved. Accurate and
reliable information can be drawn from the annual reports of the companies.
Literature Review:
Literature papers are collected from the online sources to identify the research work of
different researchers in the direction of relationship between employee assistance and the
long term sustainability of the enterprise to measure the change in the financial steadiness and
profit earned by the organization.

Research Hypothesis:
RH0: There is no impact on employee compensation program on the financial steadiness of
the company
RH1: There is impact on employee compensation program on the financial steadiness of the
company
RH0: There is no impact of financial policies and budget on the financial status of the
company
RH2: There is impact of financial policies and budget on the financial status of the company
RH0: There is no relationship between employee assistance and the long term sustainability
of the enterprise
RH2: There is relationship between employee assistance and the long term sustainability of
the enterprise
RH0: There is no role of the employees in completing the project successfully so that
financial steadiness can be achieved
RH3: There is crucial role of the employees in completing the project successfully so that
financial steadiness can be achieved
RH0: There are no compensation programs which are arranged for improving the employee
performance
RH4: There are compensation programs which are arranged for improving the employee
performance
RH0: There is no impact of compensation programs and motivation process in improving
employees performance
RH5: There is impact of compensation programs and motivation process in improving
employees performance
RH0: There is no relationship between team efforts and project goal
RH6: There is relationship between team efforts and project goal

Findings and Analysis
Data is collected for research program on identifying the impact of employee assistance and
compensation project on financial status of the enterprise by using secondary data sources for
collecting required data.From the investigation, it has been identified that 82% of the
organizations earn profit by arranging the compensation program for the employees so that
their performance can be enhanced. Arrangement of training program for the employees is
organised so that they can build their skills and expertise according to the requirement of the
project plan and implementation of the new technology within the working culture of the
enterprise. It helps in minimizing the risks of employee acceptance of new technology can be
reduced and drives the project activities and working schedule in the direction of the project
goal and vision.
Findings of Web surfing and annual reports of the company
The graph below shows the relationship between the importance of compensation in
improving the satisfaction level of the employees.
Figure 1: Relationship between the importance of compensation in improving the
satisfaction level of the employees
The graph below shows the importance of compensation with the benefit earned by the
employees. It helps in finding the relationship so that employee contribution can be

enhanced. It focuses on providing medical services, health care services, flexibility in
managing work issues, managing contribution plan, developing friendly relation, defining
pension plan, and wellness program.
Figure 2: Importance of compensation with the benefit earned by the employees
There is a difference in the benefits provided to the employees. Some grades of compensation
are developed in managing difference between all employees, highly skilled employees, and
high performing employees. The graph below shows the difference in the compensation
program arranged for the employees.
Figure 3: Difference in the compensation program arranged for the employees

Effective relationship can be developed between the coordination and cooperation between
the top management and employees. It has been seen that trust and communication between
the senior management and employees get increased, innovative ideas are shared,
performance of the employees get enhanced, and achieving project goal and objectives.
Graph below shows the coordination and communication between the employees and top
management:
Figure 4: Coordination and communication between the employees and top
management

It is important to notice the change in behaviour and attitude of the employees due to the
organization of the compensation program for improving the performance of the team
members. The graph below shows the relationship between compensation program and
changes in the employee behaviour and attitude.