Employee icentive mechanisms.doc

The employee incentive mechanisms under the financial crisis Prepared for Apex Steel Co By AnQi, Zhu, the chief HR officer of Apex Steel Co May, 2014 Apex Steel Company MEMORANDUM To: Apex Steel Co From: AnQi, Zhu, the chief HR officer Subject: The employee incentive mechanisms Date: May 10 2014 Here is the report about human resource management of Apex Steel Company under the current situation. Three Kinds of methods will be put forward to deal with the financial problems, both suitable for the company. The report has analyzed the essential features on the worldwide steel industry and taken into comprehensive factors into consideration. It is promising that with the use of employee incentive mechanisms, the morale of staff will be emboldened to resist the risk of downhill economy. Table of contents Memo of transmittal 1 Executive summary 3 1 Problem identification and Analysis 3 1.1 Background 3 1.2 Actual Situation 4 1.3 Statement of key problems 5 2 Generation and evaluation of a range of solutions 5 2.1 Performance appraisal and Lowliest place elimination 5 2.2 Establishment of enterprise culture 6 2.3 Facilitate communication 7 3 Recommendation and Implementation 8 4 Conclusion 9 5 References 10 Executive Summary The purpose of this report was to analyze the manpower statement in current financial environment and recommend the most suitable strategy for coordinating the human resource in Apex