QUESTIONS AND MAPS
The company ‘Cervantes Entertainment Corporation’ is a well-known type of company that centers on providing casinos with slot machines. Cervantes Entertainment Corporation is the corporation that is assigned for creating the program for the slot Machine. In addition, it is in charge of fixing and replacing the malfunctioned slot machines of some Casinos.
The company wants to improve their Human Resources Management by utilizing the Human Resources Strategic Plan since they are the ones in charge of employing the potential employees for the Cervantes Entertainment Corporation. Ensuring that the potential employees’ performances are aligned with company’s the mission, vision, and objectives will improve its overall performance. Whatever the entire Human Resources Strategy is, a plan about the importance of compensation in the strategy of HR is a must. Pay has a significant role in the industry in terms of the high quality functioning method, or it can lead and be a means for change. In addition, the system of pay should show the values that guide the behavior of the employer and that motivate its treatment of the employees and teams within the company. The system of pay monitors the image as well as the reputation of the corporation. The culture and values within the company encourage individual satisfaction, safety and security, development opportunities, and the factors that contribute to the success of the corporation. Its strategy on compensation reflects this value, together with the balance of life and work programs for the encouragement, security, and ownership of stock, which contributes to the success of the company. In the political and social context, the Cervantes Entertainment Corporation should promote diverse opportunities and promote diversity such as cultural differences, varying workforce demographics, regulatory and legal prerequisites, and the expectations of people.
The Cervantes Entertainment Corporation should take in account the preferences of the employees. The reason is that employees are different from one another. This is something that companies too easily fail to notice when generating a strategy for compensation. Every employee joins the organization, interacts with the customers, designs new products for the company, assembles the parts, makes plans for investments, and others. In this regard, the main challenge for the compensation strategy is the consideration of the preferences and individual needs of the employees.
The following significant key strategies will be pursued by Cervantes Entertainment Corporation:
Find new market applications or sections for their services and products
Grow the senior management team in technology and event planning
Increase the additional capital of the business enterprise
Increase the speed of the launching of products and services through enhancements in the Research and Development Management of the company
Widen and enhance the links with the technology centers
Employ directors who are not executives
Employ advisers for the intellectual finance and property
Enhance the functions of HR (Human Resources Management) and introduce share alternatives for the personnel
Increase market competitiveness
What are the key differences compared to the strategies of Microsoft and SAS?
The following are the key differences between the company’s strategies compared to those of SAS and Microsoft:
Strategic plans for overseas market entry
Participation in trade missions and shows
Payment evaluation of the key markets
Online presence of the company through social media
Strategic alliances with complementary participants
LEGEND:
Integral Alignment
Hierarchy
Career Growth
How Much
Competitiveness
Form (Total Pay/ Benefits)
Life/Work Balance
Incentives to Base
Employee Contribution
Individual
Shared Group Success
Line Ownership
Management
Transparency
Technology
Choice
