Compensation And Benefits Plan For Newtech International Inc.

All businesses understand that they must use effective communication in order to do well as a business, without communication the business will be a mess and would not run successfully. Using communication allows the employees and offices to stay up to date with the businesses progress and what is currently happening. To use effective means of communication all employees would be in a way trained in order to understand communication and use the most effective means for it. This is done in advance to checking that communication is understood by the recipient.

Good communication is also important to ensure that everyone is clear about their health and safety responsibilities. It ensures that workers understand the risk and why they need to be controlled. Employees must be consulted on health and safety matters, this is a legal requirement. Communication also is important for safety issues, this means that there are less accidents and injures to occur. Good communication ensures that the correct information is passed on; this means that mistakes are avoided. It also ensures that the procedures are followed properly.

Communicating is important because you may leave others out of the loop and they cannot inform higher of what is going on. Effective communication in the workplace assists employees form highly efficient teamwork. Employees are able to trust each other with fulfilling daily tasks and not leaving more work for them to complete. Being able to communicate represents a good leader as well. A leader who openly and consistently communicates benefits themselves along with other coworkers. Communication in the workplace also has the ability to improve employee morale. The importance of communication skills can be seen when good, quality communication occurs that prevents misunderstandings, miscommunication and conflict. It produces productive work and performance which ultimately impacts the company's bottom line. A vital part of communication is making employees feel understood and valued. Specific campaigns can help boost employee morale and give workers a chance to feel recognized and valued. When there is a strong morale in offices and other work environments, job retention is often high as well. Perfect communication at all times is not always possible but clearing up problems can be handled quickly by asking the right questions. This is where the importance of communication skills comes in. Find out if everyone shares a solid understanding, not only of goals, but expected time frames to complete tasks, possible costs and other aspects of the job. Listen to suggestions and ideas for improving job performance. Open communication allows employees to be more engaged and understand that what they do matters in the success of the business. Making sure your employees conceive the big picture and the part they play in the success of the organization will help others better understand why decisions are made and how those decisions impact them specifically as well as the company as a whole.

Effective communication in the work place is essential to make sure that information is passed on, to make sure that the client’s needs and problems can be assessed properly, if there are any changes that effect the care then it needs to be passed on to the team at work, to build good relationships with your team members and clients.

Communication is a fundamental relationship building skill in the workplace. If people don’t communicate well they limit their ability to connect on any meaningful level. It’s important that I show respect to those I work with. Communications should be conducted in an appropriate, open, accurate and straightforward way. Workplace relationships become a lot stronger when people can clearly and effectively communicate what they need and allow others to do the same. There are many barriers to effective communication, the first barriers to check out are:

The importance of communication is very important so you can start your businesses and get your point across to everyone that you are talking too. Communication means the importance of talking or exchanging words. Here are just a few reasons why communication in business field is so important.

Employees should always be motivated; this attracts talent, opens up new channels for innovation and creativity and brings in a sense of satisfaction among them which helps the growth and development of the organization.

The components and general structure of any business firm could lead to disconnection of the relationship between managers and their employees. It is, therefore, necessary that Kudler Foods adopt a well-defined strategy, which will protect the relationship. The composition of the compensation plan for Kudler was developed with the needs and efforts in mind. For Kudler Foods Organization, the Human Resource Managers planned for a strategy that would include all necessary components. The compensation plan for the organization included the base pay, short-term incentives, long-term incentives and benefits for employees, plans for retirement and finally the equity element (Tibergien & Pomering, 2011). The components are discussed in detail, in the proceeding paragraphs.

This method allows for employees to share in the decision making process. This allows for their voice to be hear, learn from others, and begin making managerial team decisions.

Effective communications is essential to facilitate effective exchange of information, ideas and effective communication within the company and it is essential to facilitate improvements in the exchange of information between team members and clients. It resolves communication misunderstanding or conflict and creates

Communication is essential with resolving workplace conflicts. Communicate clearly and frequently. No employee wants to be uninformed or left out of the loop, especially regarding important decisions. Communicating with each other not only helps everyone to do a better job, it reduces stress and increases job performance (Lee, 2008).

Communication is a big part of running an organization, without it, it can fail. Communication skills, such as conflict management, team-building, and effective communication skills, could

It is a great opportunity for managers, while conducting this process, to create an open door policy for their employees, and to prove that there is fairness in procedures and transparency in decision they take.

In addition, be sure to provide inspirational vision and strong values, meaningful and challenging work, offer career opportunities, create an environment that enables people to do their best work, offer tangible rewards in both monetary and non-monetary ways and ensure work/life balance and support its importance.

Employees: - To provide the good work environment to employees and according to performance and hardworking give bonuses, promotions etc and eliminate the organizational politics among employees. And build a strong communication with the employees.