Management and Organization Behavior PPT, MBA
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Transcript of Management and Organization Behavior PPT, MBA
A Decision to Bring Significant Change in Our Organization-
“Rimers Tea Estate”
What is Decision Making
The act of choosing between two or more courses of action.
Objective: Arriving at a solution for a certain problem.
• Previously known as “Shatgaon Tea Estate”.• Purchased the ownership of “Shatgaon Tea
Estate” in 2012.• Named it as “RIMERS Tea Estate”.• Established 250 years ago by British colony.
3 divisions are- • RIMERS Tea Estate • Makrichara Tea estate• Ichamoti Tea Estate
Organogram of “Rimers Tea Estate”Chairman
Managing Director
Director
Marketing Mana
ger
Marketing Executives
Trading
Manager
Trading
Executives
Delivery Men
Accounts
Manager
Accounts
Executives
IT Mana
ger
IT Executives
General Manager
Sales Mana
ger
Sales
Executives
HR Mana
ger
HR Executives
Logistics
Manager
Logistic
s Executives
Store Keepers
Drivers
Operations Mana
ger
Operations Executives
Workers
Problems we are Currently Facing
• Lack of co-ordination• Weak distribution channel• Low sales margin & Production• High competitions in market• Lack of awareness of labor group• Lack of motivation & Monitoring• No labor insurance
Causes of the Problems
• Growing cost of living• Higher fuel price• Better salaries offered by competitors• Management crisis due to turnover• Lack of opportunities
Our Decision
Maintain present employees, change their compensation package & balance the pay policy with present economic situation of Bangladesh.
SWOT Analysis of the Decision Taken
• Strengths• Weaknesses• Opportunities• Threats
Developed Alternative Solutions
• Maintaining present employees.• Changing their compensation
package.• Hiring more efficient sales
executives with present salary package.
Developed Alternative Solutions (Contd.)
• Use Job Rotation & Cross Function Policy.
• Job Evaluation of managers & proper training.
• Performance appraisal for employees.
Justification of the Decision
• Increase in base pay• Cost of Living• Short Term Incentives• Long Term Incentives• Income Protection• Work Life Balance• Allowances
Situation before the Compensation Package
• Poor Compensation Package
• Employee Dissatisfaction
• Poor Performance of the Organization
• Less Profit
• More Risk• High Turnover
Rate of increase in Compensation Package
Base Pay will be increase by: • Top Level: 6%• Mid Level (1st Tier): 12%• Mid Level (2nd Tier): 11%• Low Level (1st Tier): 8%• Low Level (2nd Tier): 7%
Our Revised Compensation PackageTotal CompensationCash Compensation
Base
Cost of Living
Short-TermIncentivesLong-TermIncentives
BenifitsIncome Protection
Work/LifeBalance
Allowances
Relational ReturnRecognition &Status
Employment Security
Challenging Work
Learning & Training Opportunities
Action Plan Level and Tier Current Salary Cost
(Per anum)Increased Salary cost(per anum)
Top Level : 4 persons 1,95,00,000/= 2,04,75,000/=
Mid Level (1st Tier): 7 persons 91,00,000/= 1,04,65,000/=
Mid Level (2nd Tier): 18 persons 1,56,00,000/= 1,71,60,000/=
Low Level (1st Tier): 54 persons 1,13,75000/= 1,27,40,000/=
Low Level (2nd Tier): 51 persons 4,160,000/= 44,92,800/=
Total 59,735,000/= 65,332,800/=
Extra amount needed Tk. 55,97,800/=
Transport cost per annum
Monthly rent and fuel for 2 Micro
buses (12 seated)
25 Days * 2500 Tk * 12 months *
2 = 15,00,000/=
Action Plan (Contd.)Calculate
existing salary cost
Situation after the Compensation Package
•Effective running of the organization
•More Profit
•Better Performance of the Organization
•Employee Satisfaction
•Better Compensation Package
Its all about decision making, upon which the success of an organization largely depends. We believe in ourselves, so believed in our decision….
Thank you…