The Impact of Salary Increments effect on employee productivity on Employee Productivity and Retention in a Globalized Economy

Question

Task: How do Corporate governance assignment and internal controls affect the performance and strategic direction of a company like Baby Bunting Group Company Limited?

Answer

The organizations must develop an effective Corporate governance assignment policy which will address the different aspects linked to the businesses which involved the human resource management operations and expansions strategies. All these aspects play a huge role towards an organization smooth functionality and the board of directors has a direct role with this which makes it important for the businesses to develop an effective Corporate governance assignment policy (FERNANDO, 2012). The directors and management have a direct role to play in the organization's performance and operations as they are responsible for developing effective policies which address consider and staff needs. Having an effective Corporate governance assignment policy is critical towards the businesses growth and expansions thus making it important for Baby Bunting Group Company Limited to also develop an effective Corporate governance assignment policy.

Assessing key performance indicators to determine the businesses performance

It is important to use key performance indicators so as to evaluate a business’s performance. But in many situations, it’s advisable to avoid limiting one’s self to the information and data being published by the organization which may be portraying a different picture from the organization's actual performance. The same applies to Baby Bunting Group Company Limited which reports a high success rate on its annual financial report but external financial reports portray a different picture. Performing an in-depth research related to the organization's performance but collecting information from different sources is the only way an organization can collect important data to help advice on improvements in the future and investment prospects (Parmenter, 2015). To properly compare the reports and determine the businesses performance it’s critical to compare two financial reports once offered on the businesses annual financial report as well as another showing the brands stock performance over the past three years.

While both charts deliver considerably different information which cannot be directly linked to the organization performance, they do deliver important indicators which can be reviewed to determine the brand's performance.

According to Baby Bunting Group Company Limited, the organization has been registering a 30+% growths and increase in the case during the past three years. With such a high profit and growth margin the businesses should have attracted considerable investor attention which should have technically resulted in the organization share price to gradually increase at a range close to the organization growth rate. But a closer review of the report reveals the organization has actually been registering a reduced share price which indicates investors are avoiding investing in the brand. This analysis helps identify important trends which can be used to help identify important indicators which could be used to better analyse the businesses performance. It is critical to use alternative sources of information which can help the research locate important data which can be used to map an organizations performance in a better manner.

Ensuring compliance with internal control procedures

Performance has proven to diminish at the organization which has been linked to the organization's supply chain. This clearly demonstrates the organization has failed to develop an effective Corporate governance assignment policy which addresses all needs. With the organization already in businesses and likely to register more losses it’s important for the organization to consider contracting and supply chain specialist who would be placed responsibilities for supplying the products to the consumers. This would help separate the division from the organization management and place the contractor directly responsible for their performance (Hightower, 2008). This will help realign the Baby Bunting Group Company Limited efficiency towards supplying products to its customer after which the organization can consider reorganizing their own operations and restating once they have a manager, staff, and equipment which can be used to monitor the supplies.

The principle behind Auditing and internal control

This refers to measuring and managing an organizations performance and identifying areas the organization may require further improvement. It is critical for the organization to put in place auditors in every department who would be responsible for reviewing and highlighting issues which could have been avoided. This plays an important role towards maintaining brand quality but at the same time, it also helps monitor the staff’s performance (Graham, 2015). Auditing allows the organization determine important areas which may require improvement thus allowing the businesses to make the required changes and improve their performance.

Bibliography

FERNANDO, A. (2012). Corporate governance assignment: Principles, Polices and Practices, 2/e. Pearson Education India.

Graham, L. (2015). Internal Control Audit and Compliance: Documentation and Testing Under the New COSO Framework. John Wiley & Sons.

Hightower, R. (2008). Internal Controls Policies and Procedures. John Wiley & Sons.

Parmenter, D. (2015). Key Performance Indicators: Developing, Implementing, and Using Winning KPIs. John Wiley & Sons.