Pmc Case Answers Essay Example for Free

Pmc Case Answers Essay 1) List the important facts in the case. SAS Pvt Ltd is a rapidly growing software firm in IT industry. Employee compensation package is one of the major factors which help SAS to maintain its employee loyalty. They facilitate activities like game, sports, yoga etc, which helps the employee to feel more relaxed in their workplace. Both mental and physical strength is necessary for deliver a better result. Activities offered by company helps the employee to balance both work life and family life together. Working hours of company is scheduled in such a way that to ensure the employee work life balance. Company following a relaxed culture which avoid stress and tension which is the major problem which is seen in majority IT companies. Enough leaves and medical facilities are providing by company without any salary cut which will help the company to make a secure feeling among employees. Job security is the major factor which all employees are looking for. Even though company is not providing stock options and higher salary, employees won’t feel any bad about it because of the loyalty they have towards the company. Layoff rate of company is maintained in a minimum level when compare to competitors and which helps them to save employee replacement-related costs and lost work time. Even though they are spending more for employee compensation they have a high rate of return from that. 2) Are progressive HR practices like those at SAS, a cause or a result of high profits? Yes. By doing progressive HR practices company can maintain a loyalty among employees which helps the organization for better performance. Work life balance helps the employee to maintain a healthy family life along with job and they feel more secure in their job. It helps the organization to reduce the rate of layoff which is the major loss for a company. Company can save employee replacement-related costs such as recruitment, interviews, moving costs for new hires and lost work time. Following are some of the major benefits: Job satisfaction: Employees would be happy with their jobs and would love to work for you if they get fair rewards in exchange of their services. Motivation: We all have different kinds of needs. Some value achievement more than money, they would associate themselves with firms. A compensation plan that hits workers’ needs is more likely to motivate them to act in the desired way. Low Absenteeism: If they enjoy the office environment and are happy with their benefits and get what they need and want. Low Turnover: Employees don’t want to work for any other company if you offer them fair rewards. Advantage to Your Employees: Peace of Mind: Offering of several types of insurances to your workers relieves them from certain fears. Your workers as a result now work with relaxed mind. Increases self-confidence: Every human being wants his/her efforts to get acknowledgment. Employees gain more and more confidence in them and in their abilities if they receive just rewards. As a result, their performance level shoots up. 3) What possible problems could the management at SAS face (from employees) due to the benefits offered? If employees are getting more benefits like employees getting in SAS there is a chance to have a tendency to give second priority to work. It is because of less strictness about the timing and more benefit without any deduction in salary. And it can lead to a mismatch in benefit and productivity. Because they have lot of benefits but there is no specific par in terms of productivity an employee should have. It may leads to mismatch. 4) If you are appointed as the HR manager at SAS, what changes would you recommend in the compensation structure? If I am appointed as an HR manager then I will modify the existing salary. Main modification should be on productivity and benefits. If an employee is working more productively then benefit given also will be high. It is better to implement some specific target to each employee to achieve and if he/she achieved the target within the specific time then rewards should be given. Rewards can be in both tangible and intangible. It will give motivation to employees to attain more and its leads to increase in productivity. I will ensure a better career growth so that employee feels more responsible and loyalty towards the firm. â€Å"Work more†¦. get more †Ã¢â‚¬â€this will be the strategy in terms of Benefits.