Mgt501 Assignment No. 1 solution
Saturday, October 22, 2011 Posted In MGT Edit This"Human Resource Management(MGT501)"
Assignment No. 01 Marks: 20
Schedule:
Opening Date and Time
Oct 21, 2011 At 12:01 A.M. (Mid-Night)
Due Date and Time
Oct 28, 2011 At 11:59 P.M. (Mid-Night
SCENARIO
Two companies ABC and XYZ, in FMCG business, are recently cited in "Working Mother Magazine" as the best companies for women to work. Each company provides special packages to its employees that benefit working mothers. The ABC Company offers all of its employees time off from work for family matters. And the XYZ Company offers its employees Rs.15, 000 in Education/Medical for their children along with salary.
While sharing the views at a press conference the directors of winning companies said, "three decades ago, in our organizations the employees were predominately males but today the work force is not that homogeneous. It comprises of more females than males which made us realized that the way we have treated workers with children in the past and the benefits we offered them, may no longer meet their current needs. Family life is important to our workers and, in many cases, will win out in the decision of career versus family. That’s why we decided to be responsive to the female workforce requirements. We also believe that one way to successfully compete is to meet the worker’s individualized needs."
REQUIREMENTS:
1. Analyze the family-friendly benefits offered by both companies. Discuss with solid arguments which company’s benefits are better for the employees.
2. Suppose in both companies 50% employees are unmarried/without childreni.e. half of the employees can not avail these benefits. Is there any motivational impact on those employees who do not avail these benefits? Explain briefly.
Important Tips
1. This Assignment can be best attempted from the knowledge acquired after watching video lecture no. 1 to 9 and reading handouts as well as recommended text book).
SOLUTION:
SOLUTION:-
According to these scenarios both companies are providing the best suitable packages to her employees i.e. The ABC Company offers all of its employees time off from work for family matters. Its best suitable for all employees no matter they are married or not. Whereas the XYZ Company offers its employees Rs.15, 000 in Education/Medical for their children along with salary. This facility is best suitable for Married Employees only. So generally the 1st company is providing equal opportunity to all of its employees but as compare to benefits the 2nd company is providing better opportunity.
2. Suppose in both companies 50% employees are unmarried/without children i.e. half of the employees can not avail these benefits. Is there any motivational impact on those employees who do not avail these benefits? Explain briefly.
SOLUTION:-
Employee motivation is perhaps the biggest driver of organizational performance. Ultimately any organization's key differentiator are its human assets, in other word its employees. Whereas systems, processes and infrastructures can be replicated from one company to another, human capital cannot.
An organization which is able to motivate its employees and maintain it, is able to leverage their drive and zeal in order to ensure stellar performance.
