expand into many areas that are vital to organizational growth and success. In this paper, we will discuss Human Resource Management. Human resource management (HRM) plays a strategic role in organizational success; it contributes to employee motivation, morale, retention, productivity, performance quality, organizational profitability, efficiency, and effectiveness (Youssef, 2012, Ch. 1 summary). We will cover the most important functions such as: Equal Employment Opportunity (EEO) and affirmative
Words: 3838 - Pages: 16
IMPORTANCE OF HUMAN RESOURCES MANAGEMENT. Organizational Psychology holds that successful organizations do not owe their success solely to market realities and sustainable competitive advantage. Actually, there is a lot more. Successful companies are those that consider their human capital as their most important asset. Facts and figures are the quantitative elements of successful management, yet the qualitative, i.e. the cognitive aspects, are those that actually make or break an organization.
Words: 2499 - Pages: 10
position. 3. To ensure timely recruitment of required level / quality of Management staff, other business lines staff, including non-billable staff with appropriate global approvals, in order to meet business needs, focusing on Employee Retention and key Employee Identification initiatives. 4. Provide active support in the selection of Recruitment agencies which meet the corporate standard. Ensure Corporate Branding in recruitment webs and advertisements. 5. Develop, refine and fine-tune
Words: 1092 - Pages: 5
Introduction Aim Currently, the compensation structure is based on divisional contribution numbers. This Compensation Report aims to analyse the potential problems within the existing compensation structure and recommend alternative compensation structures that Changing Motors can adopt. Rationale As Changing Motors embark on their expansion plans in the future, there is a greater need to improve overall efficiency. Employees’ efficiency stems from the effectiveness of compensation structure. It is critical
Words: 2135 - Pages: 9
(Robbins et al., 2000: 351). Generally an organizations’ structure is considered to be the managerial framework that directs the non-managerial employees. Traditionally western organizational structure can be argued to have developed from the feudal system of government where a strict pyramidal power and class structure existed. Termed as mechanistic organizations they are described by Robbins et al. as being ‘characterized by high specialization, extensive departmentalization, narrow spans of control
Words: 1274 - Pages: 6
type of people who would be able to perform the jobs and tasks in the best possible manner. The report will assess the overall HR function of DW Travel, like recruitment and selection, performance evaluation, compensation etc. but concentrate on the implementation of performance management system which is not yet accomplished in the organization. It will also provide recommendations, where deemed necessary to reduce the barriers and improve their performance. DW Travel is a subsidiary of Dubai World
Words: 4368 - Pages: 18
1.0 Recruitment & Retention Plan Recruitment refers to the process of attracting, screening and selecting qualified people for a position within an organization (Sheryl & Amy, 2012). According to the case study, the major issue is the difficulty in attracting new employees. To be more specific, Hospital ABC found that there are still vacancies in critical areas that have yet to be filled up. Even with extended block, the Hospital will have difficulty attracting good employees as there are many
Words: 5489 - Pages: 22
Organization’s Internal Environment and Human Resource Function 4 Purpose 4 Values 5 Human Resource Practices 6 Hiring Cost 8 Part 2 – Evaluating the Cost/Benefit of the Organization’s Human Resource Planning, Recruitment and Selection Activities 9 Employee Feedback 9 Costs of Effecting Human Resource Planning 10 Benefits of Effective Human Resource Planning 10 Part 3: Scanning the Organization’s External Environment 11 PART IV: Employer of Choice: Attracting and Retaining Top Talent 12 References
Words: 2820 - Pages: 12
STRATEGIC HUMAN RESOURCE MANAGEMENT – HRM 3138 LECTURE NOTES 2AGEM Strategic management deals with the managerial aspect of strategy. A number of concepts that are often confused will have to be considered, namely, strategic decisions, strategy, and strategic management. 1. Strategic Decisions These are the decisions that affect the long-term well-being of the organisation. Such decisions involve major resource commitments and are difficult to reverse, implying a long-term commitment. Decisions
Words: 29875 - Pages: 120
company. In general, incentive pay is a way to bolster employee production while helping the company meet profit goals. However, the incentive pay must comply with HR policies and standards. According to Noe (2014), a study of 150 companies and organizations revealed that the way a company paid their employees was strongly linked to employee satisfaction and their level of profitability. As mentioned before, incentive pay is monetary compensation beyond the employee’s regular salary. It is often
Words: 2635 - Pages: 11
