Management at Ace Security and Multiboost Essay - 1

Management at Ace Security and Multiboost - Essay Example This paper illustrates that the need is to adopt a management approach that provides the greater level of motivation and satisfaction to employees that would ultimately have a positive impact on their performance and productivity. In this case, the company should adopt an approach to management that aims at providing benefits to employees and rewarding them for their performance. These rewards are paid in addition to the basic payments received by the employees The term total reward is used to define what employees get in return for the work done by them in addition to the compensation and benefits. This total reward system consists of four components that include an increase in the pay or compensation in cash, benefits, and opportunities for learning and development along with career advancement and the succession of career. In the case of Ace Manufacturers, the company should shift its existing framework to a new system. The company is required to change its strategy and goals of t he business, its philosophy of management and its human resource strategy for the purpose of attracting and retaining the pool of talent. The company should ensure employees that their system of rewards is well developed and managed. This reward package would pay and reward employees on the basis of their performance. With the help of a total rewards system the employees are ensured that they are valued by the company and in this manner, the company would gain the competitive advantage in the market. So, it is required that people are happy, appreciated and recognized in the company and a fruitful work environment should be provided to them. The company should take the decision of restructuring the compensation needs of employees and this decision should be communicated to employees in a clear manner. In the case of Multiboost, there have been problems of change and the specialization and division of labor is lacking in efficiency that has led to the lower level of motivation for em ployees. There are also the situations of conflict between the management and the staff in the company.