To Develop Your Understanding Of Key Theory, Your Critical Reflection Skills, And Your Ability To Apply Knowledge Into Practice Situations - Poster Presentation - Management Assignment Help

Assignment Task

Assessment Component 1: Poster Presentation

This Assessment will be an opportunity to develop your understanding of key theory, your critical reflection skills, and your ability to apply knowledge into practice situations.
 

Please refer to the following case-study:
Scenario:
You have been hired as a team of HR Consultants supporting the HR department in a small independent financial services company. The company has for the past few months traded in difficult economic conditions and has lost a number of key clients. The MD has called a meeting of senior management to discuss cost-cutting initiatives to work through the recovery. At this meeting the company decided to significantly reduce individual bonuses paid to employees in the current year. They also decided to reduce significantly travel costs and suspend funding for development and education programmes.
The HR team has significant concerns about these decisions. The company has struggled to improve engagement levels amongst staff. Engagement is measured on a six-monthly basis and the previous survey showed a small improvement in engagement after three periods of declining scores. The sales team which generated the majority of the company revenue are strongly motivated by targets and good bonuses for high sales targets. This has created a team culture that is highly competitive and where there is a strong link between performance and financial rewards. The HR team consider the decisions to reduce bonuses to be a risky decision. There is a fear that engagement levels will begin to decline again and employees with high skill levels will seek job opportunities elsewhere. The job market is particularly buoyant at the moment so there are a considerable number of attractive job opportunities available. The reality is that the company cannot afford to lose its high performers.

You have been called in as an external HR consultant and your task is to prepare a poster presentation that will be delivered to the HR department and senior management. In the poster presentation you will outline the following:

1. An evaluation of the impact of the cost reduction decisions made on motivation and employee engagement. You should make reference to relevant theories of motivation and engagement.
2. An outline of the issues to be considered in developing an engagement strategy in a situation where there will be short-medium bonus reductions.
3. A set of recommendations in which you will specify particular courses of action and identify responsibility for their implementation.

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