Management report about the organisation. Case of Pentangelli Essay

Management report about the organisation. Case of Pentangelli - Essay Example In this report, an analyses of the case of Pentangelli, a restaurant, has been presented. The report presents and criticise the reward strategies followed by the management of restaurant to manage the overall performance of the employees. At the same time, the reports also presents different recommendations for formulating effective and efficient reward and development strategy, which can be used by the management of Pentangelli. In this last, the report presents different challenges which have to be faced by the management of Pentangelli while formulating new reward and development strategy. TABLE OF CONTENTS EXECUTIVE SUMMARY 1 TABLE OF CONTENTS 2 INTRODUCTION 3 PRACTICES OF REWARD AND DEVELOPMENT AND ITS IMPORTANCE 3 REWARD AND DEVELOPMENT PRTACTICES FOLLOWED BY PENTANGELLI 4 APPRECIATION AND RECOGNITION 4 REPUTATION MANAGEMENT 5 PROMOTIONS 5 CHALLENGING WORK 5 OPPORTUNITIES FOR GROWTH AND DEVELOPMENT 6 PRACTICES OF REWARDS AND DEVELOPMENT WHICH CAN BE ADOPTED BY PENTANGELLI 6 SHARING OF PROFIT 6 EMPOWERING THE EMPLOYEES AND DECENTRALIZED DECISION MAKING 7 PAID LEAVES 7 MEDICAL BENEFITS AND INCENTIVES 8 CHALLENGES FACED BY THE PENTANGELLI WHILE DEVISING A STRATEY FOR REWARD AND DEVELOPMENT 8 CHALLENGES IN PROFIT SHARING 8 CHALLENGES FACED IN PROVIDING PAID LEAVES 9 CHALLENGES RELATED TO CENTRALIZED DECISOIN MAKING 9 ... This report aims to analyze the organizational structure of Pentangelli and the rewards system that can boost up the performance of its employees. Pentangelli is a chain of restaurants. The analysis of the structure will find out that how the organizational structure of this restaurant has impacted on the performance of its managers. The role of rewards and benefits is also analyzed to see their impact on the employees’ motivation and job satisfaction. The analysis of organizational structure will help to make appropriate changes in the structure to get the desirable outcomes. The reward system will be designed after analyzing that what benefits and compensations will attract the most to the employees of the restaurants. The rewards will be designed in such a way that will boost up the performance of employees in the organization. The impact of performance management techniques will also be analyzed for making the recommendations for proper performance management system in a c omplete chain. PRACTICES OF REWARD AND DEVELOPMENT AND ITS IMPORTANCE It has been identified in several researches that reward and compensation system has a highly considerable impact on the performance of employees (CIPD, n.d.). The rewarding system leads to the motivation of employees and employee motivation is the basic driver of job satisfaction (Hutchinson, July 2013). A good reward system is also used to improve the relationship of employer and employees in the organization. There are two types of reward system that are financial and non financial. It has been determined in several researches that Non financial rewards comparatively have two or three times greater impact on the employees’ motivation, Maritz (2007). REWARD AND DEVELOPMENT PRTACTICES