Asher HR Outsourcing Pte Ltd is a Local Company Established in 2000: Business Practice Assignment, RP,, Singapore

Assignment Details:

Asher HR Outsourcing Pte Ltd is a local company established in 2000. The company provides HR outsourcing services to both SMEs and MNCs in Singapore with a mission to provide excellent HR services at competitive prices. The company has 50 staff. The founder, Asher Chung, is the sole decision-maker for business and HR decisions. The company does not offer a performance bonus program.

Although the company’s compensation philosophy is to reward for performance and pay employees at market rate, it has experienced significant attrition for the past years, in particular around the following group of employees:

• Employees who are single;
• Employees who are married without children;
• Employees who received ‘A’ performance rating.

Asher Chung is very concerned and seeks your advice as an HR Consultant to help address the issues. Based on the key concepts/ statistical analysis learned from this module and additional information provided in the Exhibits below, work on the following:

1. Review and critique the existing performance management and total rewards programs;

2. Propose recommendations to improve the areas of concerns in performance management and compensation;

3. Propose THREE (3) new benefits that will be relevant for the employees. Explain the rationale for proposing these benefits.