Sears Compensation and Benefits

Sears Compensation and Benefits

Introduction

Sears is headquartered in Illinois. It is an American multinational midrange departmental store chain. The official name of Sears is Sears Holdings Corporation. Sears is a world renowned market chain departmental store operating globally. The success of Sears is a result of the conscientious execution of planning and great ideas implementation. However, their compensation packages are regarded as being worse which leads to the negative impression and image of the company. This also impacts the credibility of the company and challenges the overall integrity issues of Sears. Therefore, it was proposed earlier to the company to concentrate on the compensation and benefits programs and packages of the company. The human resource department also suffers from the issues related to compensation and benefits (Abowd, 1995). This compels the employees to resist and lag in workflow resulting in the downfall of overall productivity of the company. The compensation should be based on managerial and workers position.

The main challenge faced by Sears Company is the issues related to compensation and benefit. Therefore, the compensation department might be held responsible for the decline in productivity and employee's resist in work. The partners of the business must also balance the profit orientation with the welfare of the workers. The previous misconduct of Sears led to strikes and other complications in the work environment which highly affected the productivity. In response to the grievances, no improvements were made to the condition of the staff. Instead, new staff was hired. Sears must safeguard such issues in future and device strategies to cater the internal factors such as rights of the employees. To resolve the internal issues, Sears has now regarded every employee as its partner to value the workforce of the business. Thus, each employee has influence on the business activities. This opportunity granted employees a branch forum to discuss the local issues at every store regarding their compensation and benefit issues (Clayton, 2004).

Discussion

Sears Holdings Corporation follows a basic business strategy with a concept to bring products to life by allowing the employees to try the products first-hand themselves before they buy it. This strategy proved to be more successful among the other strategies adopted by the departmental stores. This permits the employees to fully engage with the wide range of electronic products offered by Sears's stores. The plan definitely marks a cost for trials but worth it for employee retention. Secondly, this approach provided an opportunity for the employees to opt into additional services for electron products such as home appliances which have been specially designed to support them and in benefitting from most of the product purchased. This does not end with the purchase itself but remains throughout the life by including services like setting up the product quickly and easily and providing solutions after purchase.

The physical existence of these departmental stores is further expanded to virtual existence via internet. New departmental stores are planned to launch by the Sears Partnership. A new food concept is also ...