It is possible to say that Nayar’s decision to establish the “trust pay” system is not necessarily a good one as high pay is not always enough to motivate employees. Moreover, instead of improving the company’s immediate financial position, this initiative deteriorates it. It may be presumed that by aligning rewards and bonuses (not just the monetary ones) with the desired performance improvement measures, it would be possible to foster better behavioral outcomes. However, it is essential to ensure that employees still feel secure in terms of income and to maintain the level of workplace competition at a reasonable level. Additionally, it is pivotal to focus on employee transformation, and the further improvement of corporate culture can help with this. It may be recommended to formulate organizational values, mission, and vision and then communicate them regularly to all workers.
If you were a consultant at the HCL Technologies company, other than the strategic renewal that the president Nayar has introduced, draw at least two recommendations to improve the required organizational redesign. Include in your recommendation the most needed segment of “faces of change”.
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References
Academic.Tips. (2021) 'If you were a consultant at the HCL Technologies company, other than the strategic renewal that the president Nayar has introduced, draw at least two recommendations to improve the required organizational redesign. Include in your recommendation the most needed segment of “faces of change”'. 23 June.
Reference
Academic.Tips. (2021, June 23). If you were a consultant at the HCL Technologies company, other than the strategic renewal that the president Nayar has introduced, draw at least two recommendations to improve the required organizational redesign. Include in your recommendation the most needed segment of “faces of change”. https://academic.tips/question/if-you-were-a-consultant-at-the-hcl-technologies-company-other-than-the-strategic-renewal-that-the-president-nayar-has-introduced-draw-at-least-two-recommendations-to-improve-the-required-organizati/
References
Academic.Tips. 2021. "If you were a consultant at the HCL Technologies company, other than the strategic renewal that the president Nayar has introduced, draw at least two recommendations to improve the required organizational redesign. Include in your recommendation the most needed segment of “faces of change”." June 23, 2021. https://academic.tips/question/if-you-were-a-consultant-at-the-hcl-technologies-company-other-than-the-strategic-renewal-that-the-president-nayar-has-introduced-draw-at-least-two-recommendations-to-improve-the-required-organizati/.
1. Academic.Tips. "If you were a consultant at the HCL Technologies company, other than the strategic renewal that the president Nayar has introduced, draw at least two recommendations to improve the required organizational redesign. Include in your recommendation the most needed segment of “faces of change”." June 23, 2021. https://academic.tips/question/if-you-were-a-consultant-at-the-hcl-technologies-company-other-than-the-strategic-renewal-that-the-president-nayar-has-introduced-draw-at-least-two-recommendations-to-improve-the-required-organizati/.
Bibliography
Academic.Tips. "If you were a consultant at the HCL Technologies company, other than the strategic renewal that the president Nayar has introduced, draw at least two recommendations to improve the required organizational redesign. Include in your recommendation the most needed segment of “faces of change”." June 23, 2021. https://academic.tips/question/if-you-were-a-consultant-at-the-hcl-technologies-company-other-than-the-strategic-renewal-that-the-president-nayar-has-introduced-draw-at-least-two-recommendations-to-improve-the-required-organizati/.
Work Cited
"If you were a consultant at the HCL Technologies company, other than the strategic renewal that the president Nayar has introduced, draw at least two recommendations to improve the required organizational redesign. Include in your recommendation the most needed segment of “faces of change”." Academic.Tips, 23 June 2021, academic.tips/question/if-you-were-a-consultant-at-the-hcl-technologies-company-other-than-the-strategic-renewal-that-the-president-nayar-has-introduced-draw-at-least-two-recommendations-to-improve-the-required-organizati/.