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Finemaster Projects LTD: Group 3 - Section B

This document summarizes a case study analysis for Finemaster Projects LTD. It outlines: 1) Problems faced by John Balmer from the construction staff perspective, including a low wage rate, lack of raises, and an ethical dilemma around dishonest behavior. 2) An evaluation of Balmer's options, recommending he approach the owners, Donovich, to address his unfair compensation. 3) Issues facing the management from Donovich's perspective, like unequal wages, lack of materials/hours tracking, and losing skilled employees. 4) Suggestions for management, such as implementing a structured wage plan, regular reviews, materials/hours logging, and a rewards system instead of using company resources

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178 views7 pages

Finemaster Projects LTD: Group 3 - Section B

This document summarizes a case study analysis for Finemaster Projects LTD. It outlines: 1) Problems faced by John Balmer from the construction staff perspective, including a low wage rate, lack of raises, and an ethical dilemma around dishonest behavior. 2) An evaluation of Balmer's options, recommending he approach the owners, Donovich, to address his unfair compensation. 3) Issues facing the management from Donovich's perspective, like unequal wages, lack of materials/hours tracking, and losing skilled employees. 4) Suggestions for management, such as implementing a structured wage plan, regular reviews, materials/hours logging, and a rewards system instead of using company resources

Uploaded by

mahapatrarajeshranjan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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FINEMASTER PROJECTS

LTD
Group 3 | Section B

Abhijit Panda
Anagh Agarwal
Anusha Garg
Rajesh Ranjan Mahapatra

H16060
H16065
H16069
H16096

Structure Followed

Situational Analysis/Problems from John Balmers perspective


(Construction Staff)

Options in front of Balmer and advising Balmer the best option


based on criteria evaluation
Situational Analysis/Problems
(Owner of FineMasters)

from

Donovichs

Suggestions for Donovich/Owners of the Company

perspective

Issues concerning Balmer


Receiving a Low-Wage rate at 18$ since an year.

No Performance raise inspite of being one the highest rated


performers
Increased dissatisfaction due to perception of being unfairly
compensated comparison with Winter.
Ethical dilemma: Whether he should indulge in dishonest behavior
(Materials and Labour Hours) to even the score or he should stand
up for the unfairness

Evaluating Balmers Alternatives


S.No.

Options

Do Nothing

Steady Income Ethically right


Family needs

Increased
Pay

Skills
improvement

YES

YES

Even the score

YES

NO

YES

YES

Approach Donovich NOTE BELOW

YES

YES

YES

YES

Start his own business as now he is


recognized among local clients

NO

YES

YES

NO

NO

YES

YES

NO

BEST ALTERNATIVE

Join another high paying company

NO

YES

NOTE
Approach Donovich to fulfill his commitment and question regarding the unfair
compensation. It is assumed here that, Donovich would heed to his complains and
increase the his compensation.

Issues concerning the Management


Unequal and Unscientific Wage Distribution

No internal control and monitoring of the quantity of materials


used and working hours put in by the employees
Losing talented employees once they are licensed

No commitment to promises made while appointing employees

Employees Negative Perception about the performance review


process being just fancy talks.

Suggestions to the Management

There should structured wage plan in place based on skills and


experience both at the time of appointment and in performance
appraisal.
Regular Performance Review and Feedback should be provided to
employees.
There should be a logistics department to keep record of all the
materials used.
There should be proper verification of the number of working hours
listed by an employee in his time sheet.
Discontinuing the plan of providing companys resources to employees
for their own personal work and instead, introducing a reward system
for those employees who bring additional work for the company.

THANK YOU

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