This document provides an overview of key aspects of human resource management and labor relations. It discusses HR planning including job analysis and descriptions. It also covers staffing, training, performance appraisal, wages and salaries, benefits programs, legal issues, new challenges, labor unions, and negotiations. The main topics covered are recruiting and developing employees, compensation and benefits, compliance, and managing relationships with labor unions.
Concept of Reward and Total Reward System, Five Elements of Total Rewards (Compensation, Benefits, Work-Life, Performance & Recognition, Developmental & Career Opportunities)
Concept of Reward and Total Reward System, Five Elements of Total Rewards (Compensation, Benefits, Work-Life, Performance & Recognition, Developmental & Career Opportunities)
Reward Management. A rare topic in the Internet. which is more important in HRM. this includes the principles of rewarding, purpose of rewarding, types of rewarding and rewarding definition of the father of reward management. as well as the motivation theories based on reward management, such as:
1. Adam's Equity theory
2. Locke's Goal-setting Theory
3. Vroom's Expectancy Theory
The compensation strategy is the essential strategy for the business, which wants to eliminate the external competition from attacking the top talents. The company has to define its position on the job market, it has to identify bene
System of Compensating (Time Wage Plan, Piece Wage Plan, Balanced Wage Plan, Skill Based Pay, Competency Based Pay, Broad-banding, Variable Pay, Merits of Time Wage, Demerits of Time Wage,Time Wage Plan Environment, Merits of Piece Wage, Demerits of Piece Wage, Piece Wage Plan Environment, Merits of Balanced Wage, Factors Affecting Wages)
Reward Management. A rare topic in the Internet. which is more important in HRM. this includes the principles of rewarding, purpose of rewarding, types of rewarding and rewarding definition of the father of reward management. as well as the motivation theories based on reward management, such as:
1. Adam's Equity theory
2. Locke's Goal-setting Theory
3. Vroom's Expectancy Theory
The compensation strategy is the essential strategy for the business, which wants to eliminate the external competition from attacking the top talents. The company has to define its position on the job market, it has to identify bene
System of Compensating (Time Wage Plan, Piece Wage Plan, Balanced Wage Plan, Skill Based Pay, Competency Based Pay, Broad-banding, Variable Pay, Merits of Time Wage, Demerits of Time Wage,Time Wage Plan Environment, Merits of Piece Wage, Demerits of Piece Wage, Piece Wage Plan Environment, Merits of Balanced Wage, Factors Affecting Wages)
Describes an effective strategy of Human Resource Management. This document describes Strategic Pay plan & Establishing Rewards aspect and also emphasis to adopt this in organizations.
References:
Mathis, Robert L. Jackson, John H (2010). Human Resource Management 13th Edition. South-Western Cengage Learning. ISBN 9780538453158
Employee Retention. Retrieved from: http://www.whatishumanresource.com/employee-retention
To convince others of the true value of HR it is useful to have a roadmap for your own organisation. I thought I'd share these slides as they may provide a reasonable starting point.
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An introduction to the cryptocurrency investment platform Binance Savings.Any kyc Account
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A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
In the Adani-Hindenburg case, what is SEBI investigating.pptxAdani case
Adani SEBI investigation revealed that the latter had sought information from five foreign jurisdictions concerning the holdings of the firm’s foreign portfolio investors (FPIs) in relation to the alleged violations of the MPS Regulations. Nevertheless, the economic interest of the twelve FPIs based in tax haven jurisdictions still needs to be determined. The Adani Group firms classed these FPIs as public shareholders. According to Hindenburg, FPIs were used to get around regulatory standards.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
buy old yahoo accounts buy yahoo accountsSusan Laney
As a business owner, I understand the importance of having a strong online presence and leveraging various digital platforms to reach and engage with your target audience. One often overlooked yet highly valuable asset in this regard is the humble Yahoo account. While many may perceive Yahoo as a relic of the past, the truth is that these accounts still hold immense potential for businesses of all sizes.
2. Strategy and Human
Resources
Important because people are the most
important resources a company has
HR manages people
Recruit
Train
Leadership Development
Rewards and Recognition
Compensation and Benefits
Wellness
Ethics and Social Responsibility
Compliance
3. HR Planning
Job Analysis- job duties and requirements
and the relative importance of these
duties
Job Description Sample Job Description
Job Specification is developed from the
Job Analysis and the Job Description.
Describes the KSA’s
4. HR Planning Process
Job analysis
Forecast Demand
for Labor
Forecast Internal
Supply of Labor
Forecast External
Supply of Labor
Develop Plan to
Match Demand
with Supply
8. Wages and Salaries
Pay for time worked = Wage
Pay for performing the job = Salary
Incentive Pay = special compensation
designed to motivate employees to perform
Bonus = individual performance incentive in
the form of a special payment made over
and above the salary
Merit Salary = individual incentive linking
compensation to performance (non-sales)
9. Wages and Salaries continued
Pay for Performance = individual incentive
that rewards a manager for high productivity
Profit Sharing Plan = incentive plan for
distributing bonuses to employees when the
company profits rise above a certain level
Gainsharing Plan = incentive plan that
rewards groups for productivity improvements
Job Analysis is a process to identify and determine in detail the particular job duties and requirements and the relative importance of these duties for a given job. Job Analysis is a process where judgements are made about data collected on a job. A job specification describes the knowledge, skills, education, experience, and abilities you believe are essential to performing a particular job. The job specification is developed from thejob analysis. Ideally, also developed from a detailed job description, the job specification describes the person you want to hire for a particular job.
Through on-the-job training, workers acquire both general skills that they can transfer from one job to another and specific skills that are unique to a particular job. On-the-job training, typically includes verbal and written instruction, demonstration and observation, and hands-on practice and imitation. In addition, the on-the-job training process involves one employee—usually a supervisor or an experienced employee—passing knowledge and skills on to a novice employee.Read more: http://www.referenceforbusiness.com/encyclopedia/Oli-Per/On-the-Job-Training.html#b#ixzz2EohBwkeM
Profit Sharing Shares or portions of profit for publicly traded company employee. Publicly traded companies are owned by many investors while the shares of a privately held company are owned by relatively few shareholders. Stocks and bonds are traded on the NYSEGain Sharing It is a group incentive, pay-for-performance wage system—a group bonus in which the entire factory workforce shares as a result of improving productivity above a certain level and decreasing rejects and rework. Moreover, while productivity gain is the object, the output must be a good product; rejects and customer returns are deducted from the output totals. Over a five-year period, the productivity gains should be close to 100 percent and the costs of rejects and rework greatly reduced.