Human Capital Management Essay

InterClean has merged with EnviroTech in invest to evolve with the industry and providing not wholly cleaning products, but also solutions and services. This merger is an opportunity for InterClean to reposition itself and expand their understanding of the marketplace, customers needs, and to break through into new markets. The caller-ups goal is to declare oneself a full spectrum of cleaning services and solutions that depart become our major(ip) avenue for sales. In order to do that the focus needs to be on attracting, retaining and motivating the best talent, which can be done by establishing a superior training physical body and offering competitive benefits and honorarium packages. Pay SystemIn order to control costs InterCleans even out ashes should channel more dollars into incentive awards rather than better salaries. Such variable-pay systems almost guarantee cost control (Cascio, p. 417). The pay system for employees will be a pay-for-performance theme with ind ucement payouts. Not only will this pay plan keep costs lower than early(a) pay plans, but it will also help to encourage honorable competition among employees and increase productivity.Almost a third of American bestowers whose pay is not tied in some way to their performance look at they would be more productive if they had a greater interest in the companies that employ them through benefits such as profit sharing, according to a survey from temporary staffing and outsourcing firm Kelly Services. (Miller, p. 1) Three Components of the Reward Package honorarium packages include both financial and nonfinancial rewards. The base pay with the bonus payouts would cover the financial rewards. Nonfinancial rewards include everything in a work environment that enhances a workers sense of self-respect and delight in by others (e.g., work environments that are physically, socially, and mentally ample opportunities for training and individualized development effective supervision rec ognition) (Cascio, p. 418). The nonfinancial benefits that will be offered to impress employees to reach peak performance are a wellness plan (including gym membership), on-the-scene(prenominal) dependent care and flex date.A wellness plan plays an important role into keeping health care expenses flock and decreasing the amount of dour leave seen. Studies have found that employees that take care of themselves live longer and dont become sick as easily as their un-fit co-workers. When a company has a healthy staff, they are more productive and their appearance presents a positive image to the consumers (Unknown, p. 1). InterClean can encourage employees to use gym membership by allowing unneeded time during their lunch hour for employees to exercise and have enough time to shower, change and get back to the office.Dependent care on-site will decrease employee absences and increase productivity and morale. Data from national random test indicate that providing family benefits promotes a dedicated, loyal workforce among people who benefit this instant from the policies, as well as those who do not (Cascio, p. 381). When a company had loyal and dedicated employees they will have a lower perturbation rate, which in the long run will save large amounts of money. A study done by Cynthia Ransom and Sandra Burud at the Union strand in Pasadena, California showed that the bank saved between $138,000 and $232,000 annually in operations due to a reduction in turnover and absenteeism from their on-site daycare program. (Murdock, p. 1)Flex timeReferences1. Unknown, 2010. Gym Memberships as Part of Your health Program. http//www.businessknowledgesource.com/health/gym_memberships_as_part_of_your_wellness_program_028931.html2. Murdock, K. Februrary 13, 2006. On-Site Childcare. http//www.allbusiness.com/specialty-businesses/women-owned-businesses/387737