Changing needs in an organization
Changing needs in an organization might prompt the management to develop policies from scratch or revise the existing ones to support a strategic move. While working part-time for different organizations, I realized there was a provision to accommodate such changes to achieve the organizational goals. Competitive and equitable compensation schemes are one of the primary motivations for employees. For example, my friend worked for a data company that had to revise its pay structure to reward employees with additional data analysis skills and maintain the standard pay to those that had not advanced their skills. The results for the company’s move were increased customer satisfaction and employee’s production. Besides, more employees got encouraged to learn additional skills.
In most cases, the Human Resource department performs the function of identifying the areas that need improvement in an organization, the most suitable organizational structure, the clearing prices for job positions in the market, and efficient communication to employees that convinces them of equity, and encourages high performance. After establishing the key areas that need improvement, hiring more competitive employees to require consideration of the company’s objectives. When the pay programs support the strategies of an organization, the idea should be implemented.