Vitality Health Enterprises Inc Essay examples - 1464 Words

POLYTECHNIC OF NAMIBIA HAROLD PUPKEWITZ GRADUATE SCHOOL OF BUSINESS Performance Management at Vitality Health Enterprises, Inc Case Report By Leonardo Imerne Strategic Human Resources Management (SHM910M) Date: 21 June 2014 2 EXECUTIVE SUMMARY This report will focus on the performance management at Vitality Health Enterprises, Inc, which is a cosmetics and beauty products oriented business. The business started off well with a fast expansion approach. As the company grows, performance management of its staff was necessary to reward top performers as a motivation factor, and also to identify poor performers so they could be trained further or relieved from their positions. The report will therefore highlight the problems associated†¦show more content†¦The performance management system had 13 different rating levels (from A to E, including minutes and pluses). This system had later proved to be less effective since managers who used it were dishonest, and rather rated employees averagely rather than deservedly. Since this system was developed to reward top performers, they ended up feeling under-appreciated because they were rated as average as any other employee, regardless of productivity. According to Bingham B eer (2012), the employees frustration was caused by the point system of calculating salaries and performance-based raises. The formula that was used was: pay policy line = Base Salary + (Job Evaluation Points * Increase per Point, which was later modified by a comparative ration, or â€Å"compa-ratio†, based on individual performance in the company. Comparative ratio analysis is a method companies use to assess their financial performance, http://www.wisegeek.org/what-is-comparative-ratio-analysis.htm. With compa-ratio, the employees with consistently higher performance sometimes even receive smaller raises than their less productive colleagues. The Vitality Health Enterprises Inc had later decided to increase the salaries across the entire workforce, with no provision for bonuses or alternative forms of compensation. This resulted in all employees receiving high salaries regardless of their overall performance. In response to these issues, theShow MoreRelatedCase Analysis: Performance Management at Vitality Health Enterprises, Inc1483 Words   |  43 Pagesï » ¿ Case Analysis Performance Management at Vitality Health Enterprises, Inc Situational Analysis: Introduction: Vitality Health Enterprises initially started its business as Vitality by importing small quantities of cosmetics from Japan. Initially it started marketing in its neighbourhood and to local organizations. Slowly it started expanding and in 1989 it changed its business model by establishing its own manufacturing facility in the US. Its business continued to grow into various marketsRead MorePerformance Management and Vitality Health Enterprises1122 Words   |  5 Pages Performance Management at Vitality Health Enterprises, Inc. Vitality Health Enterprises is a large beauty products and nutraceuticals company offering a full range of health, wellness, and beauty products around the globe. The company was originally founded in 1987 in Ames, Iowa, by Hikaaru â€Å"Fred† Kikuchi who is an experienced serial entrepreneur. His inspiration for Vitality came when his wife was continually dissatisfied with the quality of beauty products she was finding here in theRead MoreMission For Cooperative Energies Is Being Driven By Walgreens Boots Alliance Development1429 Words   |  6 PagesPurchasing: Corporate social obligation fortifies retailers business with connections to the group, ecological manageability, supplier differences and handicap consideration. There more corporate social obligation (CSR) than setting objectives for reusing, vitality lessening and different measures of supportability. Shouldn t something be said about supporting your image? Shouldn t something be said about obligation to the workforce, your accomplices and your group? At the point when the supportability insurgencyRead MoreR-Vitalityhealth Essay1271 Words   |  6 PagesPerformance Management at Vitality Health Enterprises, Inc. 1.) Who should evaluate employee’s performance? What should leaders do when (individual, team, organization) performance is lacking? Every leader in an organization should evaluate employee’s performances, whoever a leader in an organization has it’s own sub-ordinates; their sub-ordinates’ performances should be evaluated. Once an individual, team or organization performances are lacking, leaders should either motivate or penalizeRead MoreThe New Performance Management System1452 Words   |  6 Pages1. INTRODUCTION Vitality Health Enterprises, Inc., was founded in 1987 in Ames, Iowa by 42 year old â€Å"Fred† Kikuchi. Kikuchi’s original vision for Vitality was matching the corporate strategy to one of his favorite ancestral sayings: Outer beauty can only be achieved as inner harmony is reached. In the first quarter 2009, Vitality began rolling out its new business strategy. Beth Williams organized a committee to review the present performance management system and make it a coherent performance managementRead MoreArck Systems Case Study Essay1996 Words   |  8 Pagesfor the recently acquired Lux Software’s sales force’s compensation plan. We will begin with an overview of the major issues Arck Systems faced when assessing how the company should modify the plan. An examination of Arck Systems and Lux Software Inc.’s current compensation plans as well as the benefits and disadvantages of making changes to those compensation plans will then be introduced. Next , our recommendation for Arck Systems to create one unified compensation plan for both sales forces willRead MoreVitality Health Case2952 Words   |  12 Pagespersonalization of the reward mix, and salaries above average, cannot, per se, ensure employees’ satisfaction. One can conclude that the reward system is poor and too much standardized. This policy is damaging the company because the initial objective of Vitality, which is also the root cause of the problem, was the attempt to decrease turnover and attract top talent. Those objectives are not being met and the high performers are the ones who have turnover intentions.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Another problem is the factRead MoreThe Success Of Yum, Pizza Hut, And Taco Bell3306 Words   |  14 PagesLouisville, Kentucky, and it is the largest fast food enterprise in the system units of about 41,000 restaurants around the world. The gross profit in 2014 of Yum! Brands are more than $15 billion. As Yum! Brands play an important role in global markets, and it also has positively market improvement in China. This report is an analysis to figure out the success of Yum! Brand. General â€Å"Yum! Brand was created on May 30, 1997, as Tricon Global Restaurants, Inc., an independent company resulting from the spin-outRead MoreEssay on Phytoremediation: Green Technology for the Future2171 Words   |  9 Pagesand a great number of these sites are contaminated with highly toxic metals. Abandoned or under-used commercial and industrial facilities, termed as â€Å"brownfields,† are a major contributor to this environment concern. â€Å"Brownfields† pose significant health risks to nearby residential populations and threaten the plant and animal life close to them. Phytoremediation provides a very effective and comparatively low cost way to extract, detoxify or immobilize a wide variety of these materials such as leadRead MoreUnitedhealth Group6099 Words   |  25 PagesUnitedHealth Group Name of Student Institutional Affiliations UnitedHealth Group The UnitedHealth Group is a company that offers diversified health care management services. It is based in Minnesota in the United States of America. It is located at Minnetonka (UnitedHealth Group, 1974). It is ranked the 14th on the Fortune 500 List of the best companies and business enterprises in the world. UnitedHealth Group has two companies that offer their services and products to the consumers. The two business entities