Making Difficult Decisions Using Data

Making Difficult Decisions Using Data
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Making Difficult Decisions Using Data
Interpretation of The Company’s Employees’ Compensation Data
Employees are said to be the most significant assets of any successful organization. On the other hand, however, employees can become the most significant liability to an organization, especially when they are not well managed (Aggarwal & Thakur, 2013). The argument above therefore exposes the need for establishing an effective employee performance appraisal review and evaluation. From the look of things in the data from the company in focus, it is clear that it does lack a competitive employee performance appraisal and evaluation system. First, the company does not seem to have clearly defined objectives for every employee. That might be why there are three different categories of employees in the accounts department, pointing out a possible duplication of tasks among the employees in the department. The other emerging question from the data provided is on the criteria used to award bonuses to employees. From the look of things, it seems as that every employee is entitled to a bonus of $2,000 even when the company is making losses. It implies that employees in the company could be earning bonuses even when they fail to meet their targets by not achieving the intended objectives.
Again, whether the company has outright departmental leaders in every department also arises from the observation made on the data. Every employee earns an equal amount of salary and bonuses in each department instead of a scenario where one would expect departmental leaders to earn a slightly higher salary as they provide oversight to the entire department on behalf of the company managers. Finally, the company does not seem to have a proper model of recognizing and appreciating essential, hardworking, and experienced employees. It treats all the employees in each department as equal regardless of their contribution to its success.
Analysis of the Data
As highlighted in the above section, the...