Jva Corp Simulation

This proposal that is being submitted by the Human Resource Department to the JVA Corporation for an observation of the overall profitability of the company by tackling the performance management systems, the appraisal process and also the compensation packages that are offered at JVA Corporation. The performance management system is the compassion of providing the employees with and knowing if they are doing their job correctly or if they need improvement. Without having the performance management system, the planned commitments and the high quality services can still be delivered to the customers of the company. With that being said I am proposing that:

Employees will receive absolutely no raises, and performance management is eliminated throughout the economic crises. Therefore employee wages will remain the same, regardless of position held; no performance reviews are given; and there will be no adjustments of missions, goals, and duties during this period.

Based on the appraisal of the corporation, the temporary change will be to modify the performance management system at JVA Corporation allowing them to install a permanent change (if needed), reducing expenses from 8% to 5% by restructuring the perks, benefits and compensation packages. The appraisal process at JVA Corporation was accomplished using the six-step process. Initially, the workers were made aware of the intent to cut expenses for “perks” offered at JVA Corp. The reasoning was result of a net loss of 17% for the fiscal year. Employees were informed of no salary increases in the next review process. However, the organization promised workers that although salaries were to remain frozen for the year, no one would be laid off. In addition, the company would also look into restructure other packages (other than the ones mentioned here) offered at JVA Corp. One change would be to remove home and auto insurance for the year, as well as the gym memberships therefore cutting down 8% perk expense to...