Reward and Recognition Program

Reward and Recognition Program
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Introduction
The aim of any company is to remain as competitive as possible, and on top of it game for as long as possible. This is basically what keeps businesses morphing each year, so as to remain at the top of the food chain, as far as business goes. Remaining competitive entails a number of factors such as the employees, cash flow, marketing and the general business strategy. Last year our company, Spiral Enterprises, merged with BackRub Company. Since that time it is clear that the morale of our employees has done down and several cases of dissatisfaction have also been reported. There is a need to address the current situation because it is impacting negatively on the productivity of our workers. This has also lead to low production rates and low-quality products thus affecting the organizations’ bottom line. This proposal provides a comprehensive Employee Reward and Recognition program that is aimed to address the issues affecting the workers and let them realize how much the organization values them.
Project Plan
Mergers and acquisitions (M&A) is an area of corporate finances, management, and strategy that deal with joining and purchasing of companies. In an alliance, the two companies join forces to become a new business. This is becoming a strategic choice for many companies that are trying to maintain their competitiveness or gain a competitive edge over their rivals (Schraeder & Self, 2003). The reasoning behind M&A is that two separate organizations join together to create more value compared to when operating independently. The advantages of mergers and acquisitions include reduction of costs and overheads since the budget is reduced, reduced competition and accessing a broader customer base.
Additionally, the company acquires a larger market share, and it becomes easy to access funds and other necessary assets which are critical for new developments. Besides, the business may acquire quality staff or additional skills and knowledge which may be essential in running the company. However, mergers and acquisitions may also create problems especially when the companies involved have a different mission, values, and goals (Rothwell, Stavros, & Sullivan, 2015). The employee morale may drop during the restructuring of the merger. Within the instability of the situation, employees often lose the desire to come to work or to offer their best in their work.
Additionally, the benefits of the employees may be reduced which may further affect their morale. Also, employees of the purchased company frequently feel disengaged, and this may drive the employees to leave the organization before all the changes are implemented. In essence, the general direction, activity and subsequent productivity of a firm is largely dependent on the individual morale of employees. There is basically a wide berth between the productivity and profitability in an organization.
The merger of Spiral Enterprises and BackRub Company has indeed resulted in increased stress levels among the workers. Typically, the morale of the employees is affected because of fear that these changes may lead to loss of jobs, poor management, and increased workload (Brenner, 2018). ...