A business process management IT analyst constantly evaluates the production process of a company to ensure that it is up to the required level. He formulates new strategies to improve production and profits and develop the required processes and production procedures to ensure that the company cuts on production costs. Constant evaluation makes sure ineffective processes; equipments and members of staff are changed to improve profitability. He also leads and guides the team on the best production processes. This makes a business process management IT analyst an important part of the company as they directly impact on the profitability of the company and should, therefore, be retained and compensated accordingly.
A business process management IT analyst should receive a competitive salary based on his skills and experience. This should be between USD60000 and 110000 because it is what many organizations are offering. Paying less than this will see an organization lose their staff to the companies offering better pay. Salary is the first thing that people look for before taking a job, and it determines the level of job satisfaction and dedication to work (Brown & Wilson, 2005). Other than the salary the business process management IT analyst should also be compensated based on performance and output. The company should set achievable goals and reward those who achieve them to ensure that they remain motivated. Other compensation strategies such as profit sharing and commissions based on performance should also be considered to ensure the analysts remain dedicated to their work.
The company should also use other compensation plans such as paid holidays and paid vacations. It should work at retaining staff as changing the business process management IT analyst would bring in new strategies that affect the production of the company. In order to retain employees, the company should design a plan of rewarding senior employees to encourage them to remain at the company and also encourage new members of staff not to change jobs (Biswas, 2012). Being a full-time employee, a business process management IT analyst should enjoy health insurance cover, and this should be extended to members of the family. This will bring a win-win situation as they will be motivated and deliver to their capacity.
Implementing this compensation and benefits plan is critical but could be faced with various setbacks and challenges ranging from the profitability of the company to bureaucracy in the leadership. If the company is not making enough profits, it would be difficult to give its employees a health insurance cover or a pay hike. This is because it uses the profits made to fund growth. The management and board members of the company can also be a hindrance to the implementation of this plan based on their level of understanding of its benefits. The employees could also ignore some changes such as targets set, especially if they are too high to achieve.
Compensation and benefits determine the level of output at work and job satisfaction in general. A business process management IT analyst being the person who evaluates the production procedures of the company should be given a competitive pay package to ensure that they deliver to their capacity as they impact directly on the performances of the company. Implementing this compensation and benefits plan is necessary as it will ensure the employees are motivated and dedicated to their work.
Biswas, B. (2012). Compensation and Benefit Design: Applying Finance and Accounting Principles to Global Human Resource Management Systems. New York: FT Press.
Brown, D & Wilson, S. (2005). The Black Book of Outsourcing: How to Manage the Changes, Challenges, and Opportunities. New York: John Wiley & Sons