Assignment Task: Why the Need to Change
Artemio was appointed CEO of Rafol's Enterprises upon the death of his father.
The company went public under the leadership of Artemio and had to adapt to being open and transparent to outside investors. There were pressures from the shareholders to reduce costs and increase profits. In response, Artemio implemented cost-cutting measures including downsizing by means of enforcing early retirements of employees who he felt could not cope in the move to digitize the operation of the business.
As expected, most of the employees were not happy and this affected the morale of their employees. Artemio sought the assistance of Ely Buenaobra, the VP of HR. Ely suggested a comprehensive program wherein it is not just the managers who would be evaluated based on achieving results but even the employees by means of demonstrating to their employees that their performance affects company results. This in turn will show to the shareholders that the company's primary objective is to increase performance.
Questions:
1. Do you agree with the proposal of Ely? Explain your answer.
2. If you were the employee of Rafol's Enterprises, how would you react to the new evaluation system that will measure your performance face to face predetermined outcomes or objectives?
3. Who should be involved in developing employee outcomes/objectives?