The study aims to analyse selected HR policies of Precision Optical Limited which have an impact on employee retention. Specifically, it shall undertake an analysis of the company’s employee retention policy and related policies. The analysis shall be undertaken using the typology of Herzberg (1969).
The paper first focuses on the essential requirements of the work culture. Then it moves on the different ways the requirements can be fulfilled. It also emphasizes the various aspects of the culture that needs to be addressed so that the work culture can be truly ‘managed.’ Later it considers the importance of the work culture in performance management.
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According to the paper, the victims of powerful stress in many cases do not realize it. Stress is a common situation that all people experience at particular moments in their lives. It comes from the pressure we feel in life. This pressure may be caused by work and the other tasks that one engages in from day to day.
Only permanent employees who are active on the Company’s payroll at the time of payout shall be eligible. Confirmed employees who have less than one year of service with the Company during that calendar year shall receive a pro-rated amount. Employees under probation and contract employees will be excluded from the annual bonus payout exercise
It is this domain which actually handles and manages all other functions namely finance, operations, marketing, and productions. In the case of servicescape, the significance and role of human resources increase manifolds because of the intangibility and the personalization factor involved, which is provided by skilled employees and people at work.
The HR strategy at the service firm is based on strategic intention rather than at the employee level. It is based largely on issues of cost recognition and career development. Like most companies, the HR strategy at this organization is cyclical with each step leading toward meeting strategic goals
Interpersonal skills play an important role in marketing. I was able to communicate with several clients working as a marketing intern. My primary responsibility was to assist the marketing manager in carrying out different business activities such as setting prices. I was responsible for managing the market research programme.
As technology keeps on advancing and its consequences are reflected in every aspect of society and business, investors and planners have to understand when it is time to embrace a trend that is technologically enabled to improve their business operations. Information technology grows fast in computing speed and capacity.
Hilton Group hotels operate to render effective service to a large number of customers on a global scale through the opening up of several hotel units in many countries around the world. The company focuses on the integration of human resources to help in better delivery of services to worldwide customers.
In this paper, cultural and institutional features and the predominant human resource practices and policies in the UK and Germany will be compared in relation to the theory of cultural dimension. In the comparison between Germany and the UK, both the two countries managed the same score (35 points) on power distance.
The term HR strategies refer to the specific human resources management courses of action the company pursues to achieve its aims. The overriding aim of HR strategy is to build a committed workforce, preferably in a nonunion environment. Thus one of South African Breweries strategic aims is to be the best world brewery in 2000.
The new pattern of post-Fordism capitalism is notable by its new methods of production based on microelectronics, by its flexible working practices, and, significantly, a negligible role for trade unions, newly born individualism, reduced state intervention and evolving new relationships between production and consumption
The author provides a deeper analysis of this important subject while laying greater emphasis on the causes and the impact of staff retention on the performance of organizations. In spite of the fact that staff retention has been a hot area of study by contemporary organizational researchers, it cannot be argued that it is an entirely new field.
The leaders in the workplace and organizations in general also contribute to workplace incivility. This is because sometimes they also engage in rude and disrespectful acts. Incivility in the workplace can range from gossip, rude language and behavior, harassment, to sabotage of co-worker’s projects
The market place has changed tremendously over the years. There is cut-throat competition, fast-changing requirements and circumstances, more aware and smart customers and many other factors that increase the level of stress for all employees. This is increased by the changing competition for jobs due to the surplus in the rate of unemployment.
The information-processing view likens the individual to an information-processing system, suggesting that the parameters governing the performance of an information processing system, such as speed and memory capacity, might be the abilities that govern human learning and performance (Individual Differences: Abilities and Aptitudes, 2009).
The success of the students in their professional life depends largely upon their skills and talents. The skills, as well as the talent of the student, are of significance in order to develop a career plan. A career plan is a source through which students can achieve their dreams by developing strategies within them for a proper career path.
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The author states that conflicts among people are natural and an inevitable part of life. However, when we foresee or experience a conflict, the instantaneous feeling would be depression or sadness. Workplaces are frequently characterized by a variety of destructive conflicts. They may cause physical or emotional damage to the conflicting parties.
The proposed business is a small sized company that is intended to operate in the European market within the stiff competitive environment. The aspect that the size of the restaurant business is small can be comprehended from the fact that it has only 20 staff members engaged in varied operation of the company
This assessment measures to what extent theories of job design, motivation and organisational commitment contribute to helping managers coordinate staff effectively. How these theories are put into practice in other countries will also be highlighted in order to consider the international perspective of business and the employee.
With the tapping potential in the new markets comes the great responsibility of taming organizations accordingly that is making organizations compatible with the needs of today’s markets that come with the immense competition, ever increasing inflation, cognitive dissonance, and unforeseen circumstances.
In the UK, management of employee relations is innovative but still is somehow influenced by the European context. European Management is described as emerging and existing in limited circumstances. It is broadly linked to the idea of European integration, which is continuously expanding further into different countries.
The employee relations in British Airways and Jet Airways will be critically examined using the Salamon’s 4Ps of Industrial Relations, i.e. perspectives, participants, processes and practices. Furthermore, both firm’s employee relations practices are evaluated using the pluralist, the unitarist and the conflict perspectives.
His basic responsibility is to implement as well the software and the technologies of an organization. A CIO integrates the new technologies that are beneficial for his organization and ensures that everyday dealings of the organization go smooth. He reports to the Chief Executive Officer (CEO) on the new implementations, updates, and timeline.
Under the purview of performance management comes the total reward strategy which is not restricted to monetary benefits alone. Now personal development and learning have replaced the significance of money and tangible benefits. The present report is an attempt to throw light on literature and fundamentals of performance management systems.
The author states that social work remains a comprehensive career, and this profession expects the social workers to exercise judgment in the face of complex and competing claims and interests. Therefore, ethical decision-making plays a vital role, and it involves informed judgment of the individual social worker.
Most corporations have different branches and offices in different places around the world and want to conquer the world to expand their domain of business and profit. Global expansion is the theme of today’s business world. This is due to the fact that many corporations can benefit from other countries.
According to the text, the increasing effects of globalization have made the world a much smaller place to live in the end customers are having increasing reach today. The flow of information across the industry is at its all-time high. The level of transparency has increased in almost all of the industries.
The author states that unions are then formed because of employment relations that can be traced back in history in the form of master and slave system. During the ancient times, the slaves gave service from masters who used force. Despite the change of labor relations to the employee-employer relationship, slavery and abuse still occur.
With the increasing stress, anxiety insecurity caused by recession; Organizational misbehavior is on the surge in most of the organizations across the globe and is one of the leading points of attention for the most of the shrewd managers in the world.
A number of leadership theories and models have been proposed by various researchers. Some of the most popular leadership theories are Great Man Theory, Trait Theory, Behavioural Theories, Participative Theories, Situational Theories, Contingency Theories, Transactional Theories, and Transformational Theories.
The author of the paper states that organizations need to have competitive HRM functions in order to maintain a competent workforce and attain business objectives. The HRM function includes planning, training and development, career development, performance appraisal, and employee relations.
One prominent feature in HP-HR plants is the generally broad communication link that exists between employees and management. By developing and implementing high-performance work systems, organizations can make kaizen (continuous improvement) a norm in conducting business according to proponents of such practices.
Researchers have found that rewarding people for exceeding goals cause them to value their work more, leading to increased self-confidence and loyalty to the organizations. According to the key research conducted by Harold Stolovitch, professor emeritus, University of Montreal, founder of Harold D.
One of the major factors that impact upon Human Resources information system is in terms of idle time spent on non-productive factors and the efficient and effective steps and procedures to be taken in making the organization a success. The principal goal and objective in the context are to gain access to the most effective workforce.
As seen from the above discussion, the leaders play a major role in the over organizational behavior and the overall effectiveness of the organizations. The ability to understand the needs of each individual and to work towards providing all employees with the right treatment to be motivated is the main job and role of the leader.
Hayter (2009) adds quite another dimension to the growing concern over the relationship between globalization and rise in earnings inequality of recent times by linking it to the rapid weakening of institutions which enabled collective bargaining till a few decades ago but which could not withstand the onslaught of globalization.
McDonald's diversity and inclusion seminars are made possible by proficient employees with assistance from attached professors. For this company to take action to promote cultural diversity in the workforce, the result is a working environment that is inclusive and one, which is progressive, unlike those, which are not inclusive.
The paper primarily aims to highlight the key issues confronted by managers in the contemporary environment with regard to ethical leadership. It discusses the conceptual vagueness of the concept of ethicality in a business environment particularly with regard to the western corporate environment.
Body modifications have often been a contentious issue in the workplace. This may be because tattoos have often been a symbol of rebellion and thus may be associated with those who are not necessarily going to be the most reliable of workers. Tattoos are also associated with the punk movement, which is thought of as being rule-breaking
In this context, it has been stated by Gubman (2004, 14) that ‘human resource strategy and planning has changed and grown significantly during the last 25 years while we can track these developments from functional strategies in the 1980s to capabilities strategies in the 1990s to results strategies today”.
The author states that partnerships can occur within or outside an organization’s industry, and can involve considerable amounts of time and resources. In theory, partnership working can seem easy, but it is much more challenging in practice. Many differences have to be ironed out and a lot of flexibility is required to make them work.
Teamwork leads to the understanding by all members regarding each other’s tasks and responsibilities to avoid duplication of roles. As a result, members of a team assist each other in identifying the possible failures that may result from performing tasks in a particular way, which enhances the performance of individuals.
I arrive at the company before 8.00 am and check in with the secretary to the human resource manager. She confirms my appointment and sends me straight to the manager’s office. We have a long talk with the manager who tells me all about the company’s mission and vision statements. We break for lunch at about 12.30 am
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This paper seeks to establish a general overview of human resources management, including its functions and its relation to public administration. This paper is being carried out in order to establish a general understanding of HRM functions, including their general applicability to corporations and to the public sector.
These questions would be able to bring out the focus of the candidate towards clients, for example, the first question would test the skills of a candidate while dealing with a client who is angry or annoyed. It is a given fact that there would be some clients who have very high demands and who get angry very easily
The author states that globalization and liberalization have increased the chances of overseas assignments for unemployed youths and many organizations are at present trying to recruit professionals from overseas countries. For example, America is one of the biggest labor markets in the world which experiences a shortage of manpower.
Interpreting the postulates outlines the situational elements of the development of an individual employee under the various leadership styles, which are largely situational as well. A balance must be struck by the management team in ensuring that the corresponding leadership style fits in the right employee development.
The nature of the company is such that the employees feel a personal connection to the organizational goals; retaining the high-performance employees is not one of the problems they have to face. However, ensuring that they remain productive and innovative is a challenge as they can face occupational burnout and become lethargic.
. While each member will have strong and weak areas in his talents and skills, we make sure that any particular task is assigned to the member most capable of finishing it. Hence a strong bond and mutual trust have developed in our group. My core contributions lie in the area of co-coordinating and organizing our meetings and work activities