...1. What role do you believe HRM plays in sustainability, as defined in this article? HRM plays a very important role in helping organizations to maintain sustainability by: Partnering: HRM plays a very significant role in articulating the organizations social mission. It helps alignment behind this mission at the executive leadership level by bringing in the perspectives of stakeholders and employee interests. Engaging: HRM helps in engaging both internal and external stakeholders to identify ways in which the social and environmental actions of the company are affecting the people associated with it. Engaging can include external partnership with non-profit organizations. Employee attraction and selection: Another important aspect of HRM is proper selection of candidates who believe in company’s vision of sustainability. For example when an employee can connect with the eco-value of an organization he is more likely to stay with the firm which helps in reducing overall expense on recruitment. Employee training and development: Regular training may be required for employees who don’t align with the sustainability mission of the company or for employees who need to understand new ways of sustainable working. HRM plays a very important role by scheduling these training and development sessions for its employees. Creating a sustainable organizational climate: It is very important to create an environment which encourages employees to pursue...
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...Team B Employee Benefits Policy Business Writing GEB 3213 Fall 2014 Blue Waves Consulting Employment Policy According to Johnny Laurent, the Vice president and general manager for Sage North America “The best way for a company to increase competitiveness is to invest in the employees.” (Sage HRMS, n.d., para 2). Why are some companies succeeding while others are going out of business? What are the extraordinary difference between a struggling company and a successful organization? Perhaps, the question that needs to be asked is what defines the soul of a company? The answer is its people. Individuals are the principal assets of every organization. For most businesses, the workforce is considered largest expenditure in resources. At Blue Waves Consulting LLC, we truly believe that our employees are the most important elements that provide success to the organization. This is the reason why our organization is taking into account of the employee related expenses as solid investments, which can yield a healthy return for the future of the company. We call this investment the Return on Employee Investment (ROEI). This type of investment will assist a company in providing the best possible work environment in attaining the employee and their allegiance to the firm. The utilization of ROIE will bolster the company’s effectiveness, competitive edge, profit and success. The workforce today is confronted with changing economic trends, such as the implementation of the Patient...
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...objectives. HRM is a distinctive approach to employment management which seeks to achieve competitive advantage through the strategic development of a highly committed and capable workforce using an integrated array of cultural, structural and personnel techniques (Storey, 2001). Beer et al, (1984) defined HRM as a strategic approach to the management of human resources that involves all management decisions and actions that affect the relationship between the organisation and employees. John Storey (1987) believes that HRM can be regarded as a ‘set of interrelated policies with an ideological and philosophical underpinning’. He suggests four aspects that constitute the meaningful version of HRM: 1. a particular constellation of beliefs and assumptions; 2. a strategic thrust informing decisions about people management; 3. the central involvement of line managers; 4. Reliance upon a set of ‘levers’ to shape the employment relationship. In today's litigious workplace environment, being on top of legal issues that directly affect individual employees and organization is critical to the success of the HR profession. In this study, we will critically analyze and evaluate legal issues as it affects the functions of HRM in Nigeria and USA. LEGAL ISSUES AND HUMAN RESOURCES MANAGEMENT IN THE USA In the USA, some laws regulate various aspects of employee-employer relations. These laws, which are relatively stable, facilitate the work of HR managers. Examples are: 1. The Equal Employment...
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...changes in benefits happening in countless companies. Benefits are generally membership-based rewards which are desirable to employees and which can be designed to meet the diverse needs of today’s workers. The costs and complexities of both legally required benefits and voluntary ones, such as health insurance, retirement plans and time off are presented, as well as current issues, including flexibility of benefits choices and availability of benefits for families, domestic partners and retirees. Effective benefits administration allows companies to attract and retain good workers by creatively and cost-effectively offering employees more than just their paycheck. Additional Features of This Chapter: Exhibit 12-1 is a listing of the major benefits typically offered and the percentage of employees participating. Exhibits 12-2 and 12-3 provide sample Health Maintenance Organization and Preferred Provider Organization coverage plans. Exhibit 12-6 calculations demonstrate the financial impact of flexible spending account plans. “Ethical Issues in HRM” discusses the issue of benefits for domestic partners. “Diversity Issues in HRM” covers what happens to benefits, pay and job security when employees must report for military duty. “Did You Know: Benefits Around The Globe” highlights some benefits available internationally. “Workplace Issues: Revising the Stock Option Plan” explores stock options and FASB...
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...MGMT410 Prof. Webb 12 February 2011 Week 6: Textbook Case Study A Perky Way to Productivity 1. Human resource management is best described as the act of acquiring, developing and maintaining employees “to achieve the goals of the goals of an organization in an effective and efficient manner.” (Sadhuji, 2008). HRM achieves this through several forms of employee appreciation, including compensation, health benefits, and promotions. However, the benefits that a company offers can mean the difference between having a devoted employee and one who will be willing to leave once a better opportunity arrives. A sound compensation package is often more attractive than a high paying salary. HRM needs to apply the needs of the employees and analyze how it will also benefit the organization. Basic benefits such as health, vision and dental benefits, or 401K matching are no longer the only benefits that keep employees content, and this can affect their productivity. By structuring a benefits program that goes beyond basic needs, such as Zappos.com’s on-site healthcare, employees will feel more like assets instead of just workers. This will lead to a more productive workplace and a more profitable bottom line for the organization. The ever-changing trend of employee benefits “requires benefit staff to take a more strategic and consultative approach to their jobs.” (Hackett, 1996) This is especially true for the new aging workforce of baby boomers, who require...
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...Compensation In this assignment the upper management has asked Eric Garcia to suggest a new compensation plan specifically for the Puerto Rican team that include: A description of a compensation package for the new employment team, why the pay system will work, what reward package would motivate the employees to increase performance, compensation plan’s benefits to the individual and the company and how the Puerto Rican compensation plan differs from the parent company’s compensation plan. He must propose the plan and a rationale to the Human Resources Department for approval. Compensation package for new employment team The level of pay in a company is one or the most important aspect of the employee; they will pay close attention in this category in terms of fairness. If the employees think the pay level for the job is not acceptable the lack of commitment and mistrust will be reflected in their performance. According to University of Phoenix Week Five Compensation (2012), there are four key challenges of pay planning and administrative system: (1) Understand the pay levels of economics and legal factors. (2) To develop a systematic pay structure. (3) Combine compensation and general business strategy. (4) Address key policy issues. Granting bonuses to new heirs it can offer a competitive compensation package, especially for those with special required skills by the company. Overtime will be provided by request and it can be rotated among the employees so it can be share...
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...Table of Content 1. Introduction ------------------------------------------------------------- P.3 2. Literature Review ------------------------------------------------------- P.4-5 3. Company Background------------------------------------------- P.6 4. Comparison of C&B Strategies ------------------------------------- P.7-8 5. Cultural Background -------------------------------------------------- P.9-12 6. Conclusion -------------------------------------------------------------- P.13 7. References --------------------------------------------------------------- P.14 2/14 1. Introduction The comparison of human resource practices of Colgate-Palmolive Company in U.S. and Marks and Spencer (M&S) in Hong Kong the effectiveness of their HRM strategies. ‘Human Resource Management (HRM) as a distinctive approach to employment management who seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce, using an array of cultural, structural and personnel techniques.’ [Storey, J. (1995) Human Resource Management: A Critical Text. London: Routledge] 2. Literature Review 2.1 Models of International Human Resource Management 2.1 a “Human resource management issues, functions, policies and practices that result from the strategic activities of multinational enterprises and that impact the international concerns and goals of those enterprises.” [Schuler, Dowling a...
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...Management Subject: Declaration regarding the validity of the research report. Dear Sir, This is our truthful declaration that the “Report on Human Resource Management Practices of Bangladesh: A Case Study on Orion Infusion Limited ” we have been prepared is not a copy of any research report previously made by any other students. We also express my honest confirmation in support of the fact that the said “Report” has neither been used before to fulfill any other course related purpose nor it will be submitted to any other person or authority in future. Yours truly, Table of contents 1. Introduction 1.01 Executive Summary 1.02 Scope...
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...Prepared by: Eshita Iman CHAPTER 1: INTRODUCTION 3-6 1.1 EXECUTIVE SUMMARY 3 1.2 SCOPE & OBJECTIVE OF THE STUDY 4 1.3 PURPOSE OF THE STUDY 5 1.4 METHODOLOGY OF THE STUDY 5 1.5 LIMITATION OF THE STUDY 6 CHAPTER 2:COMPANY CRFONOLOGIES 7-9 2.1COMPANY OVERVIEW 7 2.2 VISON 8 2.3 MISSION 8 2.4 KEY COMPANY INFORMATION 8-9 CHAPTER 3:HUMAN RESOURCE MANAGEMENT 10-11 3.1HUMAN REROURCE MANAGEMENT 10 3.2 HRM PROCESS 11 3.3 HRM PLAN & FORECASTING IN BPL 11 CHAPTER 4: RECRUIT & SELECTION PROCESS IN BPL 12-24 4.1 RECRUIT & SELECTION 13 4.1.1 RECRUITMENT OBJECTIVES 14 4.1 .2 RECRUITMENT PROCESS 14 4.1.3 SOURCE OF RECRUITMENT 14 1.INTERNAL SOURCE 15 2. JOB POSTING PROGRAMS 15 3.DEPARTING EMPOLYES 15 4.EXTERNAL SOURCE 15 5.ADVERTISEMENT 15 6. EMPLOY REFERRALS 15 7.EMPLOYMENT EGENCY 16 8.WALK-INS AND WRITE INS 16 9.CONSULTING THE CV BAnk 16 4.1.4 SELECTION PROCESS 16 4.2. SELECTION PROCESS 22 4.2.1 INDUCTION & PROBATION PERIOD FOR NEW EMPLOY 23 4.2.2 JOB DESCRIPTION 23-24 CHAPTER: 5 TRAINING & DEVELOPMENT PROGRAM OF BPL 24-32 5.1 TRAINING & DEVELOPMENT PROGRAM OF BPL 24 5.1.2 INDUCTION TRAINING 24 5.1.3 CLASSROOM TRAINING 24 5.1.4 OFF THE JOB TRAINING 25 5.1.5 ON-THE-JOB TRAINING 25 5.2 EMPLOYMENT DEVELOPMENT 27 5.3 TYPES OF TRAINING 27 5.3.1 TRAINING PROCESS 28 5.4 EVALUATING THE RESULT 28 5.5 TRAINING AIDS 28 5.6 PERFORMANCE APPRAISAL 28 5.7 EMPLOYEE COMPENSATION 29 5.8 MOTIVATING...
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...P1.1 – Explain Guests model of HRM Guest (1987) shows a model of HRM that is commitment based, which is distinct from compliance-based personnel management. According to Guest, HRM is: * linked to the strategic management of an organization * seeks commitment to organizational goals * focuses on the individual needs rather than the collective workforce * enables organizations to devolve power and become more flexible * Emphasizes people as an asset to be positively utilized by the organization. Guest (1987) sees HRM as a distinct approach to managing the workforce and argues that, although personnel management will also select and train staff, it is the distinct approach in the selection and training that matters. HRM’s approach should be linked to high performance and commitment rather than compliance. Guest (1997) recognizes that, although empirical evidence is only just beginning to show the link between HRM and performance, evidence is already suggesting that HRM works. The view from industry is also suggesting that HRM is taking on a strategic role in industry. The CIPD (2003) HR survey identified HR issues as now being regularly discussed at executive boards and HR managers seeing their role as that of a strategic business partner, with the HR function now focused on achieving key business goals and developing employee capabilities. P1.2 - Compare the differences between storey’s definitions of HRM, Personnel and IR practices. Storey (1992)...
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...business in the world. Although the success can be attributed to Starbucks’ CEO Howard Shultz’s accurate premonition of the company’s direction and future expansion; a vast portion of due recognition is warranted to Starbucks’ Human Resource Management (HRM) department. Through a comprehensive selection process, strong training and development program, and a highly competitive pay package, the HRM has set the standard for other organizations to emulate. The goal is clear, to not only supply delicious hot served coffee, fresh pastries, and provide a cozy and comfortable atmosphere globally, but also provide value and security to its employees from the CEO to the newly acquired Baristas. Greeting the morning with a precisely tempered cup of Caramel Macchiato and a turkey bacon sandwich, HRM begins canvassing their online database of applicants for prospective partners. With approximately 17,000 stores currently operating in the United States and in more than 50 countries worldwide, HRM dedicates their full attention to selecting their partners of the future. Upon requesting and returning a completed application with a professional resume in tow, a detailed background check and personality test will be conducted by HRM prior to a call back for formal interview. When the local Starbucks manager is given the green light to proceed and an interview time has been set, the applicant will be greeted to the interview with their personal favorite brew. According to Emily, the...
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...Executive Summary Human organization activity is simply the act of getting people together to accomplish desired goals. Any organization, whether new or old, small or big needs to run smoothly and achieve the goals and objectives which it has set forth. For it develops and implements its own Human Resource Management concepts. As such, the basic functions of HRM, broken down into seven different areas, allow for it to handle the strategic, tactical and operational decisions for the organization. The seven functions of HRM are: Planning, Recruiting, Selection, Socialization, Training and Development, Performance Appraisal, Compensation, Labor relation, and Motivation function Beximco Pharma (BPL) is a leading edge pharmaceutical company based in Bangladesh and is acclaimed for its outstanding product quality, world-class manufacturing facilities, product development capabilities and outstanding professional services. Its strategic strengths include strong recognition of brands, highly skilled work force and diversified business mix. Being a Learning Organization the core essence of Beximco Pharma is its entrepreneurial spirit in every sphere of its management. In this spirit, the tasks of each managerial function are carried out through HRM. In this report, we have tried our best to exemplify how the basic functions of HRM are exercised in Beximco Pharma. We have analyzed BPL’s several functions: planning, recruiting and selection, training and development, performance...
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...EXECUTIVE SUMMARY This Report will detail my concept of how to create the ideal HR department for the ______________________as it pertains to the specific and unique needs of ¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬-_________________, and how to make __________________ “great place to work.” HR Competencies Given that the nature of the work performed by ¬_________________ is independent and not collaborative in nature, it is well-suited to teleworking. When questions do arise or input is requested, it is done through email. It is not necessary that any of that work be conducted in the physical office of _______________________. Telecommuting and virtual offices benefit the company and the employee. As Pomeroy (2007) pointed out, companies can waste enormous amounts of financial resources on “unused space.” When employees are not sitting at their desks, that empty space is dead and expensive real estate. While every employee in ¬_________________ had their own desk, desktop computer, office space and land-line phone, only 3-5 were in the office on any give work day. -_________________, paid rent on the building, bought office furniture, paid utilities, purchased desktop computers, and incurred many other overhead expenses assuming everyone would be using the space on the daily basis. It would have been far cheaper to rent less office space to house support staff, have available “day use” offices for employees to use on those occasions when they wanted to work in the office and conference...
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...Topic 1- Human Resource Management (HRM) Today HRM act as vital role in field of Organizational Management. It is the human aspect of Organizational Management or Business Administration in an organization. HRM is defined as : “HRM is the efficient and effective utilization of Human Resources (HR) to achieve goals of an organization”(Opatha, ) According to the above definition of HRM, a) An organization means an economic and social entity composed of a group of people who interact with each other for the purpose of achieving a common goal. b) Goal refers to desired targets to be achieved in the future. The basic goal of any organization should ideally be to serve the human society. Example; to upgrade the standard of living of Sri Lankan people through the production and distribution of high quality dairy products. c) Human Resources are employees who work for the organization being concerned. It is not an exaggeration that HR is the most significant resource compared with other resources such as financial resources, physical resources, etc. The overwhelming significance of HR is due to its unique characteristics. d) Efficient utilization of HR means optimum use of employee by eradicating or minimizing wastage. It denotes utilizing the right employees in the right number at the right cost. • It is animate, active and living • It has the ability to think, feel and react • Its value appreciate with the passage of time ...
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...Is a Winner Question 1 What HR practices do you believe are most critical for starbucks to maintain the coffee experience and customer service it's known for as the company expands in the United States and abroad? Solution 1.Starbucks believes that the key to company success is its employees, called partners. 2. At starbucks the value-and-treat-employees-right approach is part of the company culture. 3. One of the company’s six guiding principles is “to provide a great work environment and treat each other with respect and dignity.” 4.As a result of the important role of starbucks’ paartners, the company emphasizes selecting the right new employees, training them ,and rewarding and retaining employees with above-minimum salaries. 5.Job fairs,in-store advertisements,a cpmpany Web site,and employee referrals are used to recruit new employees. 6.Managers are provided with interview guidelines that are used to question job candidates to determine whether they have the skills and behaviors necessary for the position. 7.Although 85 percent of its employees are part-time, they are still eligible for full-time benefits if they work 240 hours a quarter. 8.Less than 30 percent of part-time workers in the United States receive health care, paid sick leave, or eligibility for bonuses or stock options. 9. Starbucks provides all employees and their same-sex or opposite-sex partners comprehensive health benefits that include medical, dental, and vision care...
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