1. Brief summary of the Situation:
The Effective Management Solution (EMS) is a small consulting company, which is rapidly growing. The company currently has four practice areas with 25 associates each. On a yearly basis, an average of five associates from each practice area are promoted to senior positions within the same unit, while five associates leave the company and obtain employment with other consulting firms. This to some extend, decreases the company’s revenue. EMS has therefore initiated a plan to increase its yearly revenue by 20% for the next five years. Additionally, due to the rapid growth of the company’s operation, its current employees are already working above 40 billable hours on a weekly basis. As an avenue to increase revenue, management is considering as priority a tragedy for staff growth. In this regards it intends to hire 100 associates yearly, for the five years period. (Case study: Evaluating and hiring variable plan)
The company’s current tragedy to maintain its employees is an offer that comprised of a generous benefit package along with a non-negotiable salary. This offer is considered as competitive from the company’s perspective. However, more than 48% of such offers are usually rejected mostly by applicants that are highly qualified. These applicants prefer to accept offers from firms that they perceived are more established and provide below market salaries, but monetary potentials via rapid promotions and numerous variable pay programs. (Case study: Evaluating and hiring variable plan)
Considering the above projections and about 50% rejections of job offers, the EMS has arrived at a decision to restructure its job offer practice with the aim to: increase the job offer acceptance rate; decrease turnover rate, and at the same time initiate a plan that will be free of dissatisfaction among current associates. In this regards,
Manuel Rodriguez who is the only HR staff as requested, has... [continues]
The Effective Management Solution (EMS) is a small consulting company, which is rapidly growing. The company currently has four practice areas with 25 associates each. On a yearly basis, an average of five associates from each practice area are promoted to senior positions within the same unit, while five associates leave the company and obtain employment with other consulting firms. This to some extend, decreases the company’s revenue. EMS has therefore initiated a plan to increase its yearly revenue by 20% for the next five years. Additionally, due to the rapid growth of the company’s operation, its current employees are already working above 40 billable hours on a weekly basis. As an avenue to increase revenue, management is considering as priority a tragedy for staff growth. In this regards it intends to hire 100 associates yearly, for the five years period. (Case study: Evaluating and hiring variable plan)
The company’s current tragedy to maintain its employees is an offer that comprised of a generous benefit package along with a non-negotiable salary. This offer is considered as competitive from the company’s perspective. However, more than 48% of such offers are usually rejected mostly by applicants that are highly qualified. These applicants prefer to accept offers from firms that they perceived are more established and provide below market salaries, but monetary potentials via rapid promotions and numerous variable pay programs. (Case study: Evaluating and hiring variable plan)
Considering the above projections and about 50% rejections of job offers, the EMS has arrived at a decision to restructure its job offer practice with the aim to: increase the job offer acceptance rate; decrease turnover rate, and at the same time initiate a plan that will be free of dissatisfaction among current associates. In this regards,
Manuel Rodriguez who is the only HR staff as requested, has... [continues]
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(2011, 05). The Effective Management Solution. StudyMode.com. Retrieved 05, 2011, from http://www.studymode.com/essays/The-Effective-Management-Solution-681866.html
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"The Effective Management Solution" StudyMode.com. 05 2011. 05 2011 <http://www.studymode.com/essays/The-Effective-Management-Solution-681866.html>.
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"The Effective Management Solution." StudyMode.com. 05, 2011. Accessed 05, 2011. http://www.studymode.com/essays/The-Effective-Management-Solution-681866.html.
