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Employee Rewards and Development

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Human Resource Management is defined by Boxall et al (2007) as the management of people and work towards desired outcome. The activities involved should be designed in such a way as to ensure effective and efficient use of human talent to accomplish organisational goals. Boselie et al (2005) also places emphasis on gaining ‘added value’ through the strategic development of its resources preferably its staff. To achieve this, “Poacher” and “Gamekeeper” methods would be utilised.

“Poacher” can be defined as offering an individual a job who is already employed or to entice them to quit their employment. It is considered as ‘buying talent’ rather than the organisation training to develop its existing staff. Many organisations such as Investment banks poach experienced and competent persons from reputable organisation, where junior professionals are promised higher remuneration and the opportunity to pursue their MBA in business administration. Poaching is achieved by offering a competitive pay package to an individual who may not get this offering from current employer.

Organisations who poach attempts to get the individual they desire, so they set high standards in terms of better contract and as such weakens the competitive strength of opponents. An article in the Electronic Recruiters Exchange by Dr. John Sullivan suggested that poaching proactively targets employing uppermost talent from top organisation. It allows the organisation to acquire persons who possess skills and competencies faster than organising training to develop self-skills. This method tends to decrease the ability of competitors achieving its strategic objectives and it alleviates high-level losses due to attrition. Poaching creates upward mobility, better work life balance and an opportunity for furthering education to persons. Individuals may embrace this method because there is

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