Re: ::::|| VU ||:::: mgt501 GDB solution

After analyzing the above given scenario, it is noted that the employees of Pak IT left job even they were get high salaries as compare to market salaries on hiring. It leads to the assumption that the employees' were not satisfied with their jobs because high salaries are not enough to retain employees. People demand more than salaries which increase motivation in people. After the study of Pak IT case I suggest some type of incentive system that will help to increase commitment and retention of employees in this company. These are following:

1. Skill-based pay (pay-for-knowledge): Pay is based on work-related skills, not seniority or job performance.
2. Creates incentives for employees to complete training, learn new skills, & become qualified to do additional jobs.
3. Project Completion Rewards: Higher-level employees need recognition, but it should be tailored to the type of work they perform.
4. Incentives for group accomplishments should be given as a group to strengthen teamwork.
5. Profit sharing: some of the company's profits are shared with the employees. This incentive will match the employee's goals with company's goals
6. Merit pay: the employee's annual pay increase is based on the employee's job performance in the previous year

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After analyzing the above given scenario, what incentive compensation system would you recommend for Pak IT Solutions to increase employees' commitment and retention? Give reasoning.

Solution:

Yes increase incentive for employee because
hiring employees can motivate the IT industry.
Increase the productivity of the employee
Increase the management ability
increase the potential empowerment
increase the customer satisfaction and problems solving speed
increase the energetic thinking of employees

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On Fri, Jun 22, 2012 at 3:12 AM, Mrs. Humaira Fahad <mc100403601@vu.edu.pk> wrote:

Fifteen years ago, Ali Akbar started Pak IT Solutions. As the demand for the services grew, company needed more employees for all phases of business. Ali began to hire employees; he realized that virtually no one had the range of skills needed to run many projects that were in process. Employees needed specialized skills in computers, understanding of data base management system, knowledge of web designing and programming, as well as expertise in software development. Ali was hiring talented post graduates with different areas of specialization. Despite of having relevant education, two or three years of training was needed to achieve required outcomes. Ali was paying above-market salaries and was then hoping they would learn enough in the first two or three years to become valued contributors to Pak IT Solutions.

The problem was that many talented employees left for better jobs within the first two years. Ali became convinced that he needed some type of incentive system that may increase an employee's commitment to company, particularly in the first several years of employment.

Requirement:

After analyzing the above given scenario, what incentive compensation system would you recommend for Pak IT Solutions to increase employees' commitment and retention? Give reasoning.  

I NEED AN IDEA SOLUTION.... TODAY IS LAST DATE... ANY BODY HAVE THEN PLEASE SHARE..

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Zindagi mein 2 Logo ka buhat khayal rahkoooo

Ist woh jiss ney tumhari jeet ke Liye buhat kuch hara hoo (Father)

2nd woh jiss ko tum ney har dukh me pukaara hoo (Mother)

Regards, 

Umair Saulat

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