JVA Corporation Assignment Example | Topics and Well Written Essays - 1000 words

JVA Corporation - Assignment workoutOrganizations that lack proper PMS are unable to fulfill their commitments and even compromise on graphic symbol of their goods and services which can significantly impact their relationship with their customers (Performance Appraisal, 2011). Likewise, ineffective PMS leave behind non be able to give confidence to employees as they allow for see that they are not being rewarded for their contributions and they will be unable to develop important skills required for performing their job with zeal and enthusiasm (Armstrong & Baron, 2005). Since sparing recession has impacted working of all organizations, it has become important for them to take appropriate measures that will aid them in enhancing their exercise and cut back prices (Performance Management, 2012). Organizations have to make choices among various options such as close down their operations, cut down salaries of employees, lay off workers and many more JVA Corporation will have to review its PMS so that it can make the right decision for its business operations and ensure that it is able to generate enough profit for its ongoing survival in the market. Considering the scenario of JVA Corporation, the most apotheosis strategy is the second one as it will allow it to ensure that people are secured some their jobs that they will not be made redundant. The strategy suggested for implementation by Human Resource manager is that every six months, performance and revenue will be reviewed so that decision about sideslip or increasing pay can be effectively made. During these reviewing periods bottom line will be revisited as well. Employees will be motivated that they can get raises in their pay twice a year if they perform well. Implementation plan for PMS Since JVA Corporation has been losing money in the last agree of years due to economic recession, it will have to cut back perks and amenities that are offered to the employees. in advance making any adju stments in compensation packages, heads of respective departments will have meeting with their departmental employees so that they convey the changes being made in PMS. Along with modifications in their pay packages, JVA Corporation will be able to save 2-3% of their net income in order to raise salaries and wages, employees will have to meet demands of enhancing their performance so that they are eligible for pay increases. With this strategy, employees will be affected to a greater fulfilment as they will be suffering from incentives such as pay raises, auto insurance, transportation cost and many more. However, workers morale will get boosted as they will realize that the company will not lay off the workers and they will not lose their jobs. JVA Corporation can be affected by implementation of the strategy because some employees efficacy be reluctant to such impositions which will affect their indigence level and they will be discouraged to enhance their productivity as a resu lt of this, employees might get de-motivated. In order to boost the morale of such employees, HR staff will garment counseling sessions with them so that they can tell them the reasons of making such changes and help them in developing their probable skills. One point needs to be clarified that strategy implementation is temporary and