Slide 1: Title Slide + Company Background
Ban introduces everybody)
Today our group Hamza, Lester, Matt, Ben and me will do a presentation about DFS’s performance management. Now let Ben introduce about the DFS Company.
As a business DFS is in relatively good shape as it is a rapidly growing business, and is by far the largest food supply and distribution company in the North East. However due to the rate of growth, and the competitive environment changes, DFS need to ensure that they are being pro-active in their approach to both external and internal elements of their business such as HR, Supply Chain Management, Accounting and Marketing.
Ben mentions speadsheet
Slide 2: HRM
Firstly in regards to the current wage system, the wage bill is far too high this partly due to the current HR structure within the organisation, and a high level of expectancy towards a 5% annual increase amongst the staff. Though levels of inflation and competitiveness have caused wages to rise the lack of reasoning on why senior members are awarded such high bonuses has not been addressed.
The second point addresses how the system is clearly outdated and the company is paying far too much on its pay bill ,a drastic change is needed for the 10 % reduction to be achieved it is also worth taking into consideration that there will be a significant resistance amongst the stakeholders towards a proposed change signalled by the strong family atmosphere within the company. However further savings may also be made due to less staff needed in a new performance management system and the reorganisation of hierarchy within the company.
Another major issue we have identified is in regards to the lack of strategic alignment with corporate objectives and an imbalance between the degree difficulty of a task and goal and the financial rewards received for obtaining them.
References: Thank you for listening, and we would welcome any questions