I am unable to load what you requested I need a discussion post for my Performan

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I am unable to load what you requested

I need a discussion post for my Performance Management Class see below

I am chairman of the board of directors (and have been for the past 28 years) of an agency that serves the cognitively impaired in our community. The CEO just sent me a salary review for me to approve and then to be discussed and approved by the finance committee and executive committee and then by the full board of directors. This is a nonprofit agency with over 400 employees and about $13,ooo,ooo annual budget. Most of the funding comes from state and federal government sources. Most of the employees are direct service care employees. We have about 50 who work in medical services. There are also department heads and management staff. The highest paid employee is not the CEO (it is someone in medical services). These are difficult financial times. Based upon the readings this week and over the past week what would you suggest that I give serious consideration to as I look over these salaries? This is a real life issue. The finance committee and executive committee will meet next week. What issues are important to consider?

The CEO would like to give a 1% raise to all employees with good reviews. One member of the board of directors said that he did not think that an increase was required simply because a person gets a good performance review. The CEO thinks that the review does not mean much if it does not result in a financial reward. These are lean times.Is keeping your job adequate reward for good performance during these lean times? Employee turnover has improved over the past few years. We have more new job applications than in many years. We want to respect our tight budget but at the same time treat our employees right. Based upon your readings this week, what factors should be considered in making these decisions?

Explanation / Answer

Even in lean times it is very important to reward the top performing employees to ensure that they stay in the organization. The medical service professionals who are excellent in their field are very important for the nonprofit organization and that is why they are paid heavily. In my opinion financial reward is very important for the employees with good performance reviews to retain them in the organization. The employees would not get enough motivation if the top performing and average employees are rewarded at the same level. Hence when the company considers the employees for reward, top performing employees should be rewarded slightly higher than the average performers. As the company is passing through a lean time, the employee support is very essential to overcome the situation. It is very difficult to achieve employee satisfaction without rewarding financially and you would have understood this fact very well in your 28 years career. Hence as the Chairman of the nonprofit organization, you should approve financially rewarding the employees within the budget but should consider rewarding according to performance other than providing the same percentage to all with good reviews.

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