It’s essential to create a company environment where compensation rewards employees for company loyalty. Strategic plans that reward and correctly compensates employees who have dedicated themselves to the company for many years will result in a positive work environment with low turnover rates. In addition, it further helps recruitment when the company can retain employees for a long time because it shows new employees that the company values workers who choose to remain with the company long term. Therefore, showing happiness with the company and further dedication to the organization. By correctly compensating employees and offering further pay incentives such as bonuses or paid time off, the company will suffer less from employee turnover, which will benefit their success in the long run.
Many of their solutions improve efficiency and, ultimately, profitability. Improved employee morale is another advantage of turnover. Disengaged workers sap the workplace of enthusiasm, energy and productivity. When employees who are performing at marginal levels leave the organization, it inspires remaining workers and returns the workplace to a team-oriented work environment where everyone is focused, driven and interested in doing a good job. The strain placed on an organization by managing employees whose presence affects the entire workforce is lifted when those employees are separated from the company.
It means that the business as a whole is better able to relate to a larger people. So it is vital companies retain the best talents at all levels. This will create a better working correlation, and help avoid misinterpretations based on cultural differences and ignorance about other groups. It saves time and money and having
This also gives the employees the courage to speak up about any issues they are having or about any personal goals they are interesting in pursuing. This in turn can benefit the organization because once an employee is allowed to express themselves they feel empowered. The ideas the employees might have can be beneficial to the company’s success as well as their overall image. Management does not get a chance to see the full image that employees see daily with customer’s reactions and expectations because the employees deal with the customers on a day to day basis and therefore management has to make sure that they are happy. They get to see what needs to be improved and are able to take back any concerns the customers might be having.
The first benefit is employee satisfaction. If employees are engaged with the company their job satisfaction levels increase. They are very helpful in the success of the business and have a high level of commitment and loyalty. Satisfied employees play a key role in the organization. The second benefit is productivity.
The motive behind their strategy is not to appease shareholders first, but to cover all their social responsibilities. The advantage of this over a company that primarily runs for shareholders’ sake is that it is more closely involved with-and on top of societal changes, enabling it to respond quicker to society’s demands. Furthermore, ongoing attention to society builds trust between the company and its stakeholders. People are more likely to perceive such a company as responsible and conscious, translating later into buyer’s confidence. This has the overall effect of increasing the company’s reputation.
One of the corporate values of this company is to provide an enriching and rewarding workplace for its employees. Its management strives to attain this by focusing to deliver quality services to its staff members through trying to mirror the viewpoint that its customers have concerning the company. It also uses some of its benefits like for example part of its profit to cater for various products such as accident protection insurance, company-paid cancer policy, and employer-paid life insurance for the employees. Providing these products freely or at subsidized prices mean the company focuses not only on attaining benefits but also on ensuring the corporate values are
These professionals help the company to understand how each team member generates value in the company. At the end of the day, these results can be mapped to overall profits in the company. Understanding this link between the employees and profits is important to a company. This is because the company does not want to be in a position whereby a member of staff leaves the company and the company is unable to replace him or her. By failing to see the gap in this employee’s contribution to the company’s overall profit, the company may face a problem in terms of overall
We build value through our employees by creating an atmosphere of teamwork, resourcefulness, and creativity. This in turn, makes it possible for us to deliver the best possible service to all of our customers. When you come to us for help, we’ll get our entire team supporting you with: - The personal touch of a locally owned/operated company - Superior customer service - Combined 50+ years of industry experience. - And excellent relationships with our vendors that allow us to pass on the best price and service for you. So why choose to work with us?
VALUE CHAIN ANALYSIS Of PTCL & MOBILINK Michael Porter Value Chain Supporting Activities of PTCL 1. Organizational Structure 2. Human Resource Development The performance of HR department of PTCL is very valuable. Its improvement can be measured by the following accomplishments. • Head Office Database system • Regional Database system • Payroll method The training administration region of PTCL providing opportunities for their employees by giving them training in training academy at Haripur known as Telecom staff College.