... Sahiwal Campus Abstract: The unstructured interview is done by the NASIR HAMMID DOGAR of the branch manager of the HBL. Questions: 1. Whether this is people oriented or solely profit oriented organization? That is the people oriented organization and their objective of profit is fulfilled through the objective of people. They take care of their staff very well and when their work is very cooperative with one an other. 2. Whether this institute wants plays safe or is a risk taking venture? It depends upon the market conditions and the situations to involve in the risk taking activities basically their all activities involving giving credit contains risk factors. 3. What are number of employees at each job level? There are 73 employees working at different job levels. 4. What is vision and mission of the organization? ”To be recognized as the leading financial institution of Pakistan and a dynamic international bank in the emerging markets, providing our customers with a premium set of innovative products and services, and granting superior value to our stakeholders – shareholders, customers and employees”. 5. Are departmental goals are aligned with organization goals objective? Yes there...
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...Tutor Marked Assessment- Submission document 3PRM Supporting Good Practice in Performance and Reward Management |Your Name |Karolina Mehmeti | |HLC Student Number | | |Cohort/Group |November 2014 | |Your Tutor |Lisa Stevens | |Date of Submission |01/11/2015 | |Number of words used in this TMA (discount references and tables, charts and graphs) | | Save this document as Full name, Unit, Cohort, Assessment For example AngelaSample_3PRM_Jan15_Assessment It will be returned as AngelaSample_3PRM_Jan15_Assessment_Feedback CIPD Assessment Activity |Title of unit/s |Supporting Good Practice in Performance and Reward Management | |Unit No/s |3PRM ...
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...thank my colleagues at the EFC Ms. Vasana Wijesinghe and Ms. Iresha Wijayasiri for their support and guidance given to me in making this case study as well as giving me support and I would finally thank my batch mates for their support in giving me guidance as well and I would like to thank everyone whom I missed or haven’t mention above in helping me in many ways to complete this case study on time. Executive Summary The Serendib bank has faced a major problem and they are not having the workforce to do there day to day activities in the organization. Throughout this Case study we focus on the Main parts of Reward Management as it is the given issue throughout the organization. The New CEO’s radical changes to the rewards system has been a major issue and it should be corrected and the solutions as well as the suggestions I saw is added in this case study with the use of the study materials as well as the knowledge which was shared by our beloved lecturers. The Government Policy changes have a major effect on Serendib and it is shown in the Case study on how to embrace this change and adpt it to making the Rewards management system in this given Case Study. Table of Content Contents 1. Problem Statement. 2. Alternatives. 3.2 Theoretical View 3. Conclusion 4. Implementation 5. Sources 1. Problem Statement. A problem statement is a situation where the problem that needs improvement is identified. And given below are the problems that...
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...(MBA) An analysis of the Effects of Rewards and Compensation on Employees’ Motivation and Performance Dissertation submitted in fulfillment of the requirements to the University of Wales for the award of the Degree Of Master of Business Administration (MBA) April 2012 DECLARATION This work has not previously been accepted in substance for any degree and is not being concurrently submitted in candidature for any degree. |Signed | |(Candidate) | |Date | | | STATEMENT 1 This thesis is the result of my own investigations, except where otherwise stated. The correction services have been used, the extent and nature of the correction is clearly marked in a footnote(s). Other sources are acknowledged by footnotes giving explicit references. A bibliography is appended. |Signed | |(Candidate) | |Date | | | STATEMENT 2 I hereby give consent for my thesis, if accepted, to be available for photocopying and for inter-library loan, and for the title and summary to be made available to outside organizations. |Signed | ...
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...Preface 2 B. Motivation i. Introduction 2 ii. Understanding Motivation - Herzberg Theory 3 iii. Applying Motivation - Personal Life and Work Condition 4 - Participative Management 4 - 5 - Rewarding Employee 5 C. Communication i. Introduction 6 ii. Function of Communication 6 - 7 iii. Organization Communication 7 - 8 - Physical Group Networking 8 - 9 - Perception 9 - Language 9 - 10 - Filtering 10 - Modern Technologies Communication 10 - 11 D. Organization Change i. Introduction 11 - 12 ii. Process of change - Unfreezing 12 - Minimizing resistance in unfreezing 12 - 13 - Change 13 - Minimizing resistance in change 13 - 14 - Refreezing 14 - Minimizing resistance in refreezing 15 E. Conclusion 15 F. References 16 - 17 A. Preface In the following study, we were asked to choose three topics from which that is being applied to our own workplace. I have picked “Motivation”, “Communication” and “Organization Change”. In reading and understanding more about management during the past few modules, I have learnt how can organization uses several key points to drive employees to work harder. These few points...
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...BUSINESS 12-13TYAABSS007-3: INNOVATIVE MOTIVATION IN ECONOMIC CRISIS: THE FLEXIBLE BENEFITS SCHEMES BY Mai Ngoc Nguyen 1215894 An assignment submitted in partial fulfillment of the assessment for the New Advances in Business (12-13TYAABSS007-3) unit March 2013 * Contents Contents 2 EXECUTIVE SUMMARY 3 LIST OF FIGURES 3 LIST OF TABLES 3 1 Introduction 4 2 Literature review 6 3 The economic crisis and the transition in methods of motivation: The need for an innovate benefits package 9 3.1 Impacts of the economic crisis on employees and employers 9 3.2 The transition in methods of motivation: The need for an innovative benefits package 12 3.3 The traditional benefits package and its motivating effectiveness 14 4 The flexible approach to benefits provision in a gloomy economy 16 4.1 Effectiveness of the flexible benefits schemes in motivation 17 4.2 Factors affecting the motivating effectiveness of the flexible benefits schemes 18 4.3 Current issues influencing the adoption of the flexible benefits schemes 20 5 Conclusion 21 APPENDIX - Changes in the British WorkForce 22 REFERENCES 23 FURTHER READING 27 * EXECUTIVE SUMMARY In recent years, in the UK, both employees and employers have to bear negative impacts from the recession, especially employees with their financial difficulties and diverse needs. It is more important than ever for motivation. However, employee motivation is getting harder and harder in the face of...
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...are the leaders who rise to make decisions and ensure the survival of the business. A manager's ability to motivate workers to achieve the highest result determines the success of a business. All managers should understand the motivation theory so that they can ensure the success of their workplace. There are many techniques that can be applied to determine survival of a business. Motivation is the study of what makes us do things. Every day we are faced with many decisions. What choice we make is the study of motivation. There are several theories of motivation; the theory of opportunity-cost is the most widely recognized. This paper will discuss (1) the major forces that drive us, (2) diverse influences, and (3) tangible and intangible outputs. Through the years there have been several theories as to what motivates employees to do their best at work. Every person has their own set of motivations and personal incentives to either work hard or not. Some people are motivated by recognition while others are motivated by cash incentives. Whatever the employee’s motivation maybe, the key is to promote that motivation that can cause a significant impact on the growth and development in a company or your own business. Motivation in the workplace is one of the major concerns that managers face when trying to encourage...
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...become more valuable to the organization. Human Resource Management includes conducting job analyses, planning personnel needs, recruiting the right people for the job, orienting and training, managing wages and salaries, providing benefits and incentives, evaluating performance, resolving disputes, and communicating with all employees at all levels. Examples of core qualities of HR management are extensive knowledge of the industry, leadership, and effective negotiation skills. Formerly called personnel management. 2 LO 1:- Understand the difference between……………………………………………………………....3 1.1 Distinguish between personnel management and human resource management and discuss the historical development and changing context in which they operate……………………………………3 1.2 Assess the role, task and activities of the human resources practitioner……………………………5 1.3 Evaluate the role and responsibilities of line managers in human resource practices……………….5 1.4 Analyze the impact of the legal and regulatory framework in human resource management………5 LO2:- Understand how to recruit employees……………………………………………………………... 2.1 Analyze the reasons for human resource planning in organization…………………………………… 2.2 Outline the stages involved in planning Human Resource Requirements. 2.3 Compare the recruitment and selection process in two organizations. 2.4 Evaluate the effectiveness of the recruitment and selection techniques in two organizations. LO 3:- Understand how to reward employees in order to motivate...
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...Acknowledgement I would like to thank, Specially to lecturer Mr. Anton Johnson For giving knowledge and courage to complete this assignment. To all the other lecturers at ICBT, To my parents, To my friends, For helping and giving hand To complete this… Executive summary This report discuss about the main functions in HRM and about the role of a HR Manager. It discuss about the roles and responsibilities of a Line Manager in HRM perspective. End of the first part of this assignment it discuss about the legal and regulatory framework relavent to HRM as well. Second part of the report is all about Human Resource Planning. It explains the HRP process, stages involved in planing human requirement and the practical scenario of recruitment and selection process of the selected two organizations. Third part of the report is abou the Rewad Management and it’s application in organizations. It also discuss about the pay structures, about motivational theories, and the evaluation systems. Fianl part is about cessation of work and it’s legal implications. Table of contents Introduction Human Resource Management is an important function in todays business world. It’s because people is the best and most valuable asset to attain all the business purposes today. In the business world they have realized that without people they won’t achieve their goals and objectives. So this assignment is about the functions in Human Resource Management and how those...
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... 1.1. Leadership Development 4 1.2. Diversity 5 1.3. Employee Engagement 6 1.4. Learning and Development 7 1.5. Succession Planning 8 2. Question 2 10 3. Question 3 16 4. Question 4 19 5. Diagrams 23 6. Bibliography 25 Question 1 - Analyse City Lodge’s talent management and development strategy in terms of the five priorities, namely, leadership development, diversity, employee engagement, learning and development, and succession planning. Talent Management is defined differently by a number of individuals, some regard talent management as the proven practice of using interconnected human resource processes to provide a simple fundamental benefit for any organization[Taleo n.d.], simplistically it is ensuring that capability matches organisational commitments. It should be noted that talent management should be an integrated process. This integration would ensure that an organization has a continuous supply of highly productive individuals doing the right job, at the right time and towards a common purpose. The goal of the talent management process is to increase the overall workforce productivity through improved attraction, retention, and utilization of talent. The talent management strategy is superior not just because it focuses on productivity, but also because it is forward looking and proactive, which means that the organization is continuously seeking out talent and opportunities to better utilize...
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...1.0 INTRODUCTION Employee is motivated to increase their job performances. The questions are what motivation is and why it is important to motivate employee in workplace? Over the last twenty decades, motivation is number one factor in increasing level of performance. It is operationally defined as inner force that drives individuals to accomplish personal and organizational goals. In other words, motivated employees are needed in our rapidly changing workplaces. This is because every individual or employee needs motivation and so do organization. Employee who is highly motivated will help him achieve his personal goals and increase his job satisfaction and productive. Islam R and Hj Ismail A.Z (2008), based the study of Employee motivation A Malaysian perspective, the purpose of the research paper is to identify the motivation factors of employees that working in the various Malaysian organization. Based on the finding, it indicate that factor such as gender, race, education, employment status and marital status were found some impact on motivation. This finding gives a guideline for manager to develop a motivation program for employees Somehow, the motivation helps in self development of employee and always received gain by working with a dynamic team. And similarly, motivation is important to a workplace in organization as motivation will lead to an optimistic and challenging attitude at work place. Always remember, the more employee are motivated, the more empowerment...
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...2.1 – Human Resource Planning * Human resource or workforce planning: analyzing and forecasting the number of workers and the skills of those workers that will be required by the organization to achieve its objectives 2.1.1 – Identify the constraints and opportunities provided by demographic change. 2.1.2 – Discuss the significance of changes in labour mobility, both domestic and international. * Separated into occupational mobility of labour (based on workers’ willingness to take jobs requiring different skills) and geographical mobility of labour (based on willingness to move locations for jobs) * High labour mobility helps a country achieve economic efficiency if jobs are lost in one area, workers are willing/able to move to other occupations * Developed economies labour is typically immobile; emerging market economies labour mobile * The more mobile workers are, the higher the supply of labour tends to be * However, a high degree of geographical mobility, especially between rural and urban areas, can lead to overcrowding and worsened living conditions 2.1.3 – Compare present human resources with future requirements and evaluate strategies for developing future human resources. * HR departments need to calculate future staffing needs to avoid having too few or too many staff, or staff with the wrong skills * HR departments must respond to business (corporate) plan and its objectives, to build workforce plan * Starting workforce...
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...Business School 24th May 2014 3156 words Table of Contents Executive Summary …………………………………………….……………………..………5 Introduction …………………………………………………………….…………………...… 6 1. How to reward employees in order to motivate and retain them 1. Link between motivational theory and reward ………………………………...….7 Abraham Maslow’s motivational Theory hierarchy of needs ………7 Relationship between Motivation theory and rewards…………..…..8 Conclusion ………………………………………………………...…….9 2. Evaluate the process of job evaluation and other factors determining pay The Process of job evaluation used in Iskandhar School…………10 Conclusion …………..…………………………………………………11 Recommendation ……………………………………………..………11 3. Assess the effectiveness of reward systems in different contexts Reward System used in Iskandha School ………………….………11 Conclusion ……………………………………………………..………11 4. Methods organizations use to monitor employee performance Methods of monitoring employee performance in Iskandhar School ……12 2. Mechanisms for the cessation of employment 2.1 Reasons for cessation of employment with an organization Four reasons for cessation of employments in Iskandhar School ………14 Four reasons for cessation of employments in Maldives Customs Service ……14 2.2 Employment exit procedures used by two organizations Employment exit procedures used in Iskandhar School …………………15 Employment exit procedures used in the Maldives Customs Service …..16 2.3 Impact of the legal and regulatory framework...
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...Technologies was one of 13 companies under a mother group, constituting of 3300 employees and a turnover exceeding US1.5 Billion. Their consultants were assigned to projects across 7 different countries, yet the company had no offices outside the U.A.E. Being a relatively small company (in terms of head count and revenue turnover) compared to others in the group, ABC Technologies does not have a dedicated Human Resources Management (HRM) function, and was referring to the Group HRM for all employee matters, including resourcing, learning & development, performance management, and employee rewarding. Being employees in a consultant firm, majority of the consultants had needs that were different from the rest of the employees in the group. The nature of the work mandated the company not only to hire exceptional employees, but to retain them as well. The recruitment process attracted and hired very good consultants, who with time become less productive and efficient due to the way the company rewards them. Employees always complained about gaps between their needs and management offerings. They also felt that the effort they put into the job, especially with the continuous travelling and long working hours, was not “rewarded properly”. The management on the other hand always insisted that it does take an extra step towards employee satisfaction and motivation, yet the performance of the business was clearly impacted by lack of motivation. Throughout this paper I will discuss the Employee...
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...1. Choose three ‘best practice ‘models and outline the similarities and Differences between them . Ans The best practice approach This approach is based on the assumption that there is a set of best HRM practices that areuniversal in the sense that they are best in any situation, and that adopting them will lead tosuperior organizational performance.A number of lists of ‘best practices’ have been produced, the best known of which was pro-duced by Pfeffer (1998a), namely:1. employment security;2. selective hiring;3. self-managed teams;4. high compensation contingent on performance;5. training to provide a skilled and motivated workforce; The best practice approach is based upon the concept that there is a set of best humanresource practices, adoption of which will lead to superior organisational performance.Pfeffer, in Competitive Advantage Through People, listed seven human resource practiceswhich he identified as commonly adopted by successful companies:1. Employment security. This means that employees are not quickly made redundant during periods of economic downturns or poor performance of the organisation as awhole. This is a tactic that fits with the concept of high performance management,which, you will recall, involves careful recruitment and selection procedures, extensivetraining, information sharing and delegation. Such practices involve high expenditure and organisations adopting them would expect employees to stay with them for sometime so that the investment...
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