Holland Enterprises

Better Essays
Holland Enterprises

Most recently the firm Holland Enterprises has retained an hr consultant to review analyze and revise the current compensation and benefit structure. We have seen since 2007 a 25% decrease in the workforce due to a lack of the benefits system that is in place. My team is committed to analyze and potentially change the perception that Holland’s benefit system is unfair and uncompetitive in the marketplace. We will find that organizations excel and remain competitive when they have consistent human resource practices that align with the companies organizational goals.
Increasing organizational productivity is important to any organization. “Managers know that simply paying employees more will not result in increased output and improved quality. They frequently find that employees who are overpaid or highly paid relative to others doing comparable work are sometimes less productive than their lower-paid peers or counterparts…Organizations realize that if they are to be more competitive, they must change this “I’m owed it” mentality to an “I earned it” mentality. A major opportunity available to organizations to bring about this change in attitude is to reduce the fixed part of compensation packages and increase the variable part. The variable components consist of all short- and long-term incentives and awards. The kind and amount of incentives and awards must be linked directly to desired employee behaviors, contributions, or results achieved. These incentives and awards comprise a pay-for-performance program “(Henderson, 2006). In other words Holland needs to have a system in place that rewards employees fairly while exciting them to provide the very best customer service to meet the demand of the business. “ Through the use of a fair and stimulating compensation system, Holland Enterprises can motivate their employees to complete their assigned tasks at the standards expected and in return the employee is compensated with a
wage/salary,



References: Henderson, R. (2006). Compensation management in a knowledge-based world. (10th ed.). Upper Saddle River: Pearson Prentice Hall. ISBN: 0131494791 Retrieved from: http://www.hrcouncil.ca/hr-toolkit/compensation-systems.cfm Retrieved from: Retrieved from:http://www.erieri.com/tutorials/sa/index.html?lesson_2.htm Retrieved from: http://www.stonybrook.edu/hr/employmentservices/classification/equity_review.shtml

You May Also Find These Documents Helpful

  • Better Essays

    compensation and benefits strategy for Holland Enterprises. Introduction: Holland Enterprises Inc is a large firm with about 3,500 employees. However, the company is facing a huge problem in terms of its human resources as records show that the company has lost over 25% of its workforce since 2007. Exit interviews of leaving staff members show that most of the employees have resigned because of their perception that the compensation and benefit system at Holland Enterprises is very unfair and uncompetitive…

    • 1980 Words
    • 8 Pages
    Better Essays
  • Better Essays

    Holland Enterprises: Compensation & Benefits Management BUS434: Compensation & Benefits Management (BWO1312A HOLLAND ENTERPRISES: COMPENSATION & BENEFITS With the changing economy it is important that Holland Enterprises improves their benefits and compensation plans for their employees. Holland Enterprises employs 3,500 employees, but since 2007 has lost 25% of its staff. Exit interviews indicate the primary reason a majority of these employees have resigned is because of a compensation and…

    • 2142 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    Holland Sweetener

    • 1709 Words
    • 7 Pages

    Introduction The Holland Sweetener Company (HSC) is planning to enter the low-calorie, high-intensity sweetener market which is currently dominated by NutraSweet. Below we first analyze our target industry. Next we look at what kind of response should HSC expect from NutraSweet upon its entry into this market. We will also analyze few likely scenarios that could play out and we will try to estimate the likelihood of each scenario. Based on our analysis, we will give a recommendation for HSC to…

    • 1709 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    John Holland

    • 201 Words
    • 1 Page

    John Holland created a test called SDS. SDS stands for Self-Directed Search, which means a career interest test, questioning a person's aspiration, activities, skills and interests. The code I got is AIR/S. The R and S were similar codes so they both can be used as both letters are possible. Some of the career choice that got me interest were Surgeon, Art Therapists, Psychiatrist, Guidance Counsel, and Biologists. With the tests and results, it got me to think of what my choices were. It taught me…

    • 201 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    holland code

    • 6026 Words
    • 24 Pages

    Culture: The Missing Concept in Organization Studies Edgar H. Schein Massachusetts Institute of Technology Inattention to social systems in organizations has led researchers to underestimate the importance of culture—shared norms, values, and assumptions—in how organizations function. Concepts for understanding culture in organizations have value only when they derive from observation of real behavior in organizations, when they make sense of organizational data, and when they are…

    • 6026 Words
    • 24 Pages
    Powerful Essays
  • Powerful Essays

    New Holland

    • 2243 Words
    • 9 Pages

    Strategic Analysis New Holland Fiat India Strategic Management - I Prof Amita Mital WMP 2013 04-Oct-2011 Report Submitted By : (Group A8 ) WMP6029 WMP6030 WMP6031 WMP6041 WMP6125 WMP6127 Manu Chauhan Mukul Priyadarshi Nikhil Nangia Sanjeev Kumar Maurya Manmeet Singh Saini Abhinav Page 1 of 16 Table of Contents 1. Introduction .....................................................................................3 1.1. New Holland Tractor Organization ......................…

    • 2243 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Holland Theory

    • 975 Words
    • 4 Pages

    2b. John Holland’s theory John Holland is the most well known career theories among others. Holland’s theory of career development is a significant vocational theory in career development. Holland’s theory emerged from the Factor and Trait Theory. The theory assumes that individual’s personality characteristics and occupational environment should match to lead success. There are six premises that can be used to explain Holland’s theory. This theory states that most people have one of the six personality…

    • 975 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Holland Quiz Results

    • 106 Words
    • 1 Page

    My Holland quiz results are Realistic 2, Investigative 8, Artistic 5, Social 11, Enterprising 10, Conventional 12. In addition to this, my Holland code is CSE and the career suggestions I received from my test results are a business assistant and Medical and Health Information specialist. I believe working as a business assistant would be a good fit for me since I am working in a similar position and I enjoy doing clerical work for my employer. Finally, working as a Medical and Health Information…

    • 106 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Holland Code Essay

    • 796 Words
    • 4 Pages

    Management and Human Resources 10/28/13 Holland Code Paper Submitted in partial fulfillment of the requirements for the degree of Bachelor of Science The Holland Code Assessment helped me to find my key interests. My top interest was in the conventional area. Before I took the assessment, I had a strong desire to have all the areas of my life structured. I find myself to be “by the book” at times, but I do exercise flexibility when it counts. When…

    • 796 Words
    • 4 Pages
    Good Essays
  • Better Essays

    John Holland made his mark from 1953-1556 while working at Vocational Counseling Service in Perry Point Veterans Hospital followed by his work as the Director of Research for the National Merit Scholarship Corporation. His work at these two organizations leads to the first edition of Vocational Preference Inventory. In 1959, John Holland was published in the Journal of Counseling Psychology for his vocational theory (Gottfredson & Johnstun, 2009). He established his theory of matching people…

    • 1324 Words
    • 6 Pages
    Better Essays