Human resource management has four major functions in business management - Essay Example

Finally it should have miscellaneous which will cater for any requirement that might have been overlooked. The compensation that a business offers to their employees can act as an attraction factor to high quality employees in terms of skills, experience, and talent. This is likely to positively impact the productivity and competitiveness of a business. Compensation can also affect employees’ motivation and job satisfaction. It will also enable a company to retain the top classified employees that they already have (Randhawa 239). These entire factors will add to the productivity of a business. A good compensation system would have both internal and external equity, a purpose of compensation, be based on accurate data and information, be based on the job description, and have more than financial value. The interviewing process is very essential in the equipment and hiring of new employees. There are two types of interviews namely; structured interview and unstructured interview. The structured interview follows a certain set of questions in a method preferred by the human resource department whereas the unstructured interview does not follow any format (Randhawa 99). Structured interviews are better because they promote consistency and fairness. Structured interview also have a question that is straight forward thus enabling easy control of the conversation flow. For an interviewee preparation for an interview will help them have confidence during the interview. This can be facilitated by researching about the company. Preparation is also likely to help the interviewee to create a perfect first impression. This is because they will be able to working on their physical...
Human resource management has four major functions in business management

Compensation refers to the reward that the business offer to their employees for the services they offer to them. This helps in employees’ satisfaction increasing their loyalty thus enhancing their performance. Training and development is the process of improving the skills and experience of employees. This is because it increases the general productivity of the employees. This paper aims at discussing four activities involved in the above functions of human resource management. Job analysis is the process of identifying and determining the particulars of job duties requirements, the significance of the duties to a job. Thus the job analysis should be carried out before employment procedures such as selection, training, performance appraisal, and compensation (Randhawa 43). A statement of work mainly looks into ten subjects. I should have a purpose statement which spells out the purpose of the project. There should a scope of work which describes work to be done the resources needed. The work statement should have a location of work which describes the geographical location where the work is to be undertaken. The work statement should have a period of performance to show the amount of time allocated for this project. The use of financial incentives has various disadvantages. Some of these rewards are inconsistence thus the performance of the company might be affected during a period when they are not here. Such rewards include commissions and bonuses. Read More