Human Resource Plan in Zeagol Company Ltd Research Paper

gracious Resource Plan in Zeagol Company Ltd - Research Paper ExampleZeagol Company Ltd was established in 1986 and has been operating in the pharmaceuticals industry since then. This corporation produces and markets drugs, medicinal chemicals, and other pharmaceutical products to laboratories in the state of California. This company has a comprehensive compensation and benefits package that is channeliseed at retaining and compensating, its five hundred employee base, which has been responsible for its profitability and growth. This wallpaper designs a project charter to give a face-lift to this compensation and benefits package. Project Charter to vamp up the Compensation and Benefits Package This charter is created to formally authorize a project to develop and implement an levy to the existing compensation and benefits package. Included in this charter is a scope statement a colloquy plan and a work breakdown structure. The scope of the Project 1. Background In the past c ardinal years this company boasted of having an employee base of seven hundred laborers. This indicates that the number of employees has decreased by nearly cardinal percent. One major reason for this decreased number is last years mass layoff that was carried go forth with an aim of doing away with the irrelevant and needles job positions. In this layoff, several departments were all also merged with an aim of reducing costs. Unfortunately, this layoff plan has not worked to the advantage of this company, since two years down the line this companys profits have been declining ever since this mass layoff was carried out. Somehow this layoff plan affected the employees psychologically since the remaining ones either lost the morale to work or resigned for greener pastures. This resignation trend has increased since the beginning of this year, with some of the employees opting to bring unceremoniously without any formal notification. An attempt was made to solve this issue by chan ging the merciful resource manager, but this is not enough. It is important to this company the greener pasture that will attract the best employees in the market, and this can only be done through major changes in the compensation and benefits packages. Currently, this companys compensation and benefits package are structured as below, The employees benefits include the pension and retirement plans, behavior and health insurance packages, and the federally required unemployment and workers compensations. The employee compensation covers the wage and salary program and structure for the distinguishable job categories and levels. This companys paying rule has been conducted in line with the base pay method where employees are compensated depending on their role in the organization (Mathias & Jackson, 2010, p. 27).