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.. How often is the employee reviewed? For performance? Salary" (Krueger, 2008).
Negotiation should be used for both salary raises, but also the granting of premiums and benefits. Some of the most notable benefits of engaging in negotiation include the creation of better communication networks between staff members and management (Hinkel, 2005). Then, the levels of trust between the parties increase and finally, as the employee gets a sense of being valued and listened to within the organization, his efforts, performances and commitment to the organizational goals are likely to register significant increases.
The executives at Final Touch should also consider the introduction of non-financial benefits. They could for instance emphasize more on social interaction between employees themselves and employees and management. This would have the benefit of superior levels of interaction and interactions outside the workplace, which only solidify professional relations. Other non-financial benefits include the development of a more flexible schedule, which would allow employees to better combine family and job life in order to maximize personal benefits, but would also generate increased morale and superior commitment and performances. Ultimately then, all endeavors are aimed to increased employee-on -- the job satisfaction, while reducing employee turnover rates and supplementary expenditure for the organization.
6. Conclusions
Final Touch Inc. has a four years experience in the filed of import and export consulting. The company is now facing the consequences...
The strategies proposed to be implemented address mainly the issues determinant of problems, such as the lack of transparency, the lack of proper negotiation or the lack of incentives to stimulate employee morale, performances and commitment.
All endeavors have the ultimate aim of resolving the organizational matters in a way that reduces costs and maximizes profitability. This will be achieved through the creation of a unified working environment which promotes and rewards personal achievements and efforts; is transparent and consistent throughout the entire organization as it is based on the same grid and principles, but an environment which is also able to retain the best employees, constituting as such for a stronger competitive position within the industry and market.
References
Becker, B.E., Huselid, M.A., Ulrich, D., 2001, the HR Scorecard: Linking People, Strategy and Performance, Harvard Business Press
Hinkel, E., 2005, Handbook of Research in Second Language Teaching and Learning, Routledge
Krueger, B.D., 2008, the College Grad Job Hunter: Insider Techniques and Tactics for Finding a Top-Paying Job, 6th Edition, Adams Media
2009, Job Openings and Labor Turnover Survey, Bureau of Labor Statistics, http://data.bls.gov/PDQ/servlet/SurveyOutputServlet-data_tool=latest_numbers&series_id=JTS00000000TSRlastaccessed on March 23, 2009
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