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

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Philip Walcoff - "The Fast Forward MBA in Business Planning for Growth"TABLE 4.2 (Continued)Issue 4. We're not able to hire the skilled people we need and/or we take too long in filling our staff openings; our hiringprocess is not effective.• Review your hiring process—make necessary changes.• Retain the services of a recruiter.• Implement a recruiting bonus for your current employees.Issue 5. We lack job descriptions and a regularly scheduledemployee performance evaluation and salary review process.• Prepare job descriptions for every employee.• Develop and implement an employee performanceevaluation and salary review process.• Retain the services of an HR expert.Issue 6. There's a general lack of employee motivation andmorale, especially in our field operations.• Increase senior management contact and communicationswith employees.• Brief your business plan to all employees.• Create an employee incentive program.• Create a company newsletter.• Look for opportunities to reward employees and broadcastthe rewards to all employees.• Hold regularly scheduled all-hands meetings throughout thecompany.• Survey the staff and determine the issues.• Retain the services of an HR expert.file:///C|/Documents and Settings/gasanova/Local Settin...Forward_MBA_in_Business_Planning_for_Growth/e-book.html (62 of 219)16.02.2005 13:54:23
Philip Walcoff - "The Fast Forward MBA in Business Planning for Growth"Issue 7. Our salary structure, sales commissions, and bonusprogram are out of line with the competition, affecting rates(they're too high) or our ability to hire and retain good people(they're too low).• Gain an accurate understanding of your competition'scompensation program—check available surveys.• Develop a compensation program in line with yourcompetition.• Retain the services of an HR expert.Issue 8. Our benefits package needs to be updated andexpanded.• Gain an accurate understanding of your competition'sbenefits program—check available surveys.• Develop a benefits program in line with your competition.• Retain the services of an HR expert.Issue 9. We lack an employee-development program; ouremployees feel dead-ended with no clear career path.• Conduct an employee survey to determine requirements.• Implement an employee-development program.• Retain the services of an HR expert.(Table continued on next page)file:///C|/Documents and Settings/gasanova/Local Settin...Forward_MBA_in_Business_Planning_for_Growth/e-book.html (63 of 219)16.02.2005 13:54:23
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Philip Walcoff - "The Fast Forward MBA in Business Planning for ...

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