Employee Motivation And Retention Depend On The Compensation Plan Advanced
Employee motivation and retention depend on the compensation plan advanced by the organization. Most organizations seek to develop the best benefits package to suit the interests of their employees. It is worth highlighting that, the benefits are formulated to protect the rights and interests of the firm as well as the employee. The extent of reward from the benefits would influence the performance of the employees by determining their motivation (Need, 2006). This paper analyzes the case of the Jones Investments Company and its aim of deciding on the best package that would gratify their prospective employee, Aden and influence him to take the job.
Likely Desirable Benefits
Some of the aspects of the Jones Benefits plan that would appeal to Aden include the profit sharing plan, ten paid holidays per year, five days’ sick leave, the provision for educational advancement as well as the paid 50% of daycare cost. Allowing an employee to receive a share of the profits generated by the organization increases their commitment to performance in the organization (Porter et al., 2016). Aden, being in his 30s, most probably has the desire to advance his education to another level. Hence, the education package would be most desirable if it covers his educational expenses. Accordingly, Aden would be more willing to get a job in a firm that identifies his need to develop his professional skills through educational advancement. Subsequently, most people in their 30s, either…