We don't have to leave the house, people can have the … Expand. Supply chain management: a human resources perspective in a South African automotive manufacturing organisation. Within academia there has been similar growing awareness of this need. Although this awareness is being articulated in several ways, one of the most frequent involves the conceptualization and … Expand.
View 1 excerpt, references background. The challenges of human resource management towards organizational effectiveness: A comparative study in Southern EU. Purpose — The study aims to examine the human resource management challenges in Southern EU and their effect on organizational performance.
Highly Influential. View 8 excerpts, references background. Having a well-defined corporate culture is important as globalization transforms the way business is conducted. A well-defined corporate culture can create an atmosphere for success.
Today's Human … Expand. View 6 excerpts, references background. Convergence or divergence: human resource practices and policies for competitive advantage worldwide. The world is becoming far more competitive and volatile than ever before, causing firms to seek to gain competitive advantage whenever and wherever possible. As traditional sources and means such as … Expand.
In this article, we begin to explore the black box between human resources HR practices and firm performance. Specifically, we examine the relationships between a set of network-building HR … Expand.
View 2 excerpts, references background. Strategic Human Resource Management 3. Purpose — The purpose of this paper is to show how understanding of human resource HR management practices which have been adopted in the emerging markets such as that in China is particularly … Expand. The challenge of integrating sustainability into talent and organization strategies: investing in the knowledge, skills and attitudes to achieve high performance.
Purpose — This paper aims to address the importance of a framework for developing employees' sustainability knowledge, skills, and behaviors. If an organization wants the services of a competent employee, then the salary must be high enough to motivate them to apply. Retain The Best Talent: An employee would leave an organization if he feels low compensation level. Ensure equity: Pay should always be equal to the worth of job of an employee. Employee doing similar job should be paid equally and likewise more qualified employees should be paid better.
Cost Control: Hiring cost should never be too high. The compensation planning should ensure that workers are neither overpaid nor underpaid. Compliance:The compensation planning and management should invariably satisfy governmental compliance of minimum wages, bonus, allowances and benefits. Money is considered as the most important motivating factor for employees, though non financial incentives work efficiently. Compensation plays a major role in attracting talent from the market and compensation system of the organization is key factor for creating employer brand, which is most important factor for attracting talented people.
Having talented people for the organization is a major asset for the organizational development. Before knowing about compensation management, one must know the labour laws of the country which are governing employees' compensation and remuneration system. In accordance with the conventions and recommendation of ILO.
Every company has established Labour Laws and enforced whoever contravenes them shall be liable for penalty or punishment under serious cases. Both may awarded naturally, judiciary of the concern country is watchdog for dealing Labour issues. India is one of the countries with very high population and stands second from china.
Normally, Eight hours is stipulated working time in almost all countries. Kingfisher Airlines in India succumbed into loses by various reasons. Eventually failed to pay salaries to its employees for nearly a period of seven months which lead to strike by its employees.
Due to no salary payment for seven months to its employees created severe financial crisis to one of its employee's family which abetted his wife suicide out of depression.
Extremely disappointed Kingfisher Airlines employees resorted to road demonstration against company which ultimately lead to company's reputation down. In India, Central Government plays an important role in fixing compensation. There is a particular pay structure for every government employee in India which is not in private companies. The detail of above said components of salary of Government Employees are as follows: 1. Grade Pay: An amount which is fixed by the government on the range of employees in the government hierarchy.
This index denotes the cost of production which is influenced by inflation. City Compensatory Allowance: This is paid according to city or town where employees do the job and the purpose of this allowance is to compensate high cost of living especially in cities like Mumbai, Delhi, Calcutta, and Hyderabad. Rewarding employee contributions and the results derived. Promoting employee continued acquisition and upgrading of knowledge and skills.
Supporting team work - Units Cooperative efforts. Designing compensation plans that successfully complete with established Labour markets 5. Providing a compensation package that enhances current life style and provides long term protection for employees and their dependents.
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