Economic crisis-laying off mid-level managers and cut cost

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Reference no: EM13960991

Economic Crisis: -laying off mid-level managers -increase work load of their remaining employees in order to complete the task -rely more heavily on new employees with less experience Economy recovered: -slowly began to hire new employees -experienced modest growth -not full timers Cut cost: -automation of travel reimbursement -timesheets and payroll -reduce the amount of authorized business development travel -reducing employees benefits (tuition reimbursement) -cap on annual bonuses -Annual two-day retreat for mid-level managers was eliminated New CEP: tom hilt-meeting with each of the business unit managers in order to assess the performance of each their business units -set strategic goals for growth -indentify performance objectives Organized around functional teams include: business development, cost planning and control, legal and contracting, personnel and administration, construction management, mechanical and electrical,. Engineering and design, environmental planning, and geospatial information system (GIS) services 2. From the perspective of Tom Hilt, the new CEO of Hilt Engineering, design a performance management and reward system that effectively addresses both intrinsic and extrinsic motivation for three of the nine identified business units. Explain the reasons behind your design, especially for reasons why different strategies are utilized in different business units, or why strategies are similar. Explicitly state how they will affect intrinsic and extrinsic motivation.

Reference no: EM13960991

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