Philip Walcoff - "The Fast Forward MBA in Business Planning for ...

Philip Walcoff - "The Fast Forward MBA in Business Planning for Growth"Figure 4.2Percentages of companies raising major personnel andcompensation issues.Page 471. Lack employee incentives (80 percent). "We're not rewarding our effective employees sufficiently;we lack management and staff incentives, such as a performance-based compensation program and/or astock-ownership/profit-sharing plan."2. Lack employee training (80 percent). "We don't sufficiently train our management and staff."3. Not hiring and retaining quality employees (55 percent). "We need to do a better job of hiring andretaining quality employees."4. Poor hiring process (50 percent). "We're not able to hire the skilled people we need and/or we taketoo long in filling our staff openings; our hiring process is not effective."5. Lack job descriptions and an employee review process (50 percent). "We lack job descriptions and aregularly scheduled employee performance evaluation and salary review process."6. Lack employee motivation (45 percent). "There's a general lack of employee motivation and morale,especially in our field operations."7. Compensation out of line (40 percent). "Our salary structure, sales commissions, and bonus programare out of line with the competition, affecting rates (they're too high) or our ability to hire and retaingood people (they're too low)."8. Benefits package needs an update (35 percent). "Our benefits package needs to be updated andexpanded."file:///C|/Documents and Settings/gasanova/Local Settin...Forward_MBA_in_Business_Planning_for_Growth/e-book.html (59 of 219)16.02.2005 13:54:23