We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Human Recources Management - Assignment Example

Comments (0) Cite this document
Summary
21st January 2012 Human Resources Management Task 3 3.1 Motivational theory and reward Motivational theory refers to the strategies that are emulated by an organisation with an aim of enhancing the productivity of its employees leading to profitability of a company…
Download full paperFile format: .doc, available for editing
Polish This Essay91.3% of users find it useful
Human Recources Management
Read TextPreview

Extract of sample
"Human Recources Management"

Download file to see previous pages In their efforts to meets the needs of the employees, companies adopt Maslow’s Hierarchy of Needs. This theory depicts five steps hierarchy of needs that employers should provide to their employees. These include physiological needs, safety, love, esteem and self-actualisation (Murphy, 2009, p. 24). On the other hand, reward is a tangible or intangible appreciation that is given to an employee after a good performance. The objective of a reward is to make an employee repeat the rewarded behaviour. For instance, in order to meet the physiological needs of the employees, organisations should reward them with food and water. Similarly, social needs of workers are met through rewarding them with affection, belongingness and love. Self-respect, improvement of status, prestige and self-esteem are key rewards that meet the esteem requirements of workers according to Maslow’s Hierarchy of Needs. 3.2 Job evaluation process and other factors emulated to determine pay Job evaluation entails the strategies undertaken to analyse and assess the worth of jobs within a firm. One of the vital objectives of job evaluation is to ensure that employees are remunerated in an equitable way. Additionally, organisations undertake job evaluation to maintain an appropriate job grading techniques and to comply with legal requirements. Other factors that are used to determine employees pay include, minimum wage as stipulated by law, market rates of pay, equal pay and individual performance. British Leyland Motor Corporation Ltd (BLMC), a UK based motor vehicle manufacturing company adopts piecework to remunerate its employees. The amount of pay is usually re-rated whenever a change occurs in the technique of production. According to the BLMC policies, a change in the job does not result to a reduction of the salary. To motivate its employees especially in the production facility, the company increases its payment rates during an introduction of a new model. In addition to the piecework, employees who are responsible for servicing the production lines are remunerated by time rate and bonuses. This is in addition to the minimum rate as depicted by the UK labour laws. 3.3 Effectiveness of reward systems To ensure that workers are focused at attaining their goals as well as the objectives of the entire organisation, it is imperative for employers to offer rewards that are intrinsic or extrinsic in nature. Through adoption of an effective rewards system, human resources managers play vital roles of retaining the loyalty of the employees and improving their performance. Some of the primary objectives of a reward system include motivating the workers, retaining productive labour force, responding to organisational skills as well as informing the potential and existing employees about the organisational values that attract high rewards. One of the notable UK Company that has put in place an effective reward system is Tesco supermarket. Being the second largest supermarket in the world after Wal-Mart, Tesco controls 36% of the UK grocery market. One form of a reward adopted by Tesco is training and development of its employees. In this way, all members of staff are given an opportunity to advance their career while working in the company. To make the training flexible, Tesco offers Apprenticeship and Options Development Programmes (Carolyn, 2011, p 3). Protecting employee’ ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Human Recources Management Assignment Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.org/management/1441585-human-recources-management
(Human Recources Management Assignment Example | Topics and Well Written Essays - 1500 Words)
https://studentshare.org/management/1441585-human-recources-management.
“Human Recources Management Assignment Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/management/1441585-human-recources-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Human resources management
6 2.4 Evaluation of effectiveness of recruitment and selection techniques in Virgin Atlantic and Easyjet. 7 Reference 8 Task 1 1.1 Personnel Management and HRM Conventionally personnel management refers to the set of activities associated with the workforce such as payroll, staffing, contractual obligations, administrative tasks etc.
5 Pages(1250 words)Assignment
Human Resource Management in Context
This is because every company wants to build a competitive advantage and now companies have come to know that only its work force can provide that competitive edge. It is true because technology and other aspects of any business can be easily copied, but its people and their unique skills and expertise can never be copied; and this is why we see that some companies try every effort to retain their most valued employees (David, 2009, p.
11 Pages(2750 words)Assignment
Human resource management
The purpose of this is to create a competitive advantage (Storey, 2007). For example, working in a retail firm, I noticed that teams always contained at least one male and one female, and never contained only people of a single ethnicity. In a workplace that was predominantly white, this must have taken considerable planning.
6 Pages(1500 words)Assignment
Strategic Human Resource Management
This function deals with issues of staff management, particularly – over hiring, compensation and performance supervision (Goeldner & Ritchie, 2009 p. 89). Other roles of the function include safety wellness, development of the organization, employee motivation, communication, benefits, training and the administration of the functions of the human resources capital available at the organization.
12 Pages(3000 words)Assignment
Human Resources Management
Machines can be maintained by following particular guidelines, but that is not applicable to human beings. Every individual has different needs and everyone should be treated differently. Therefore it is essential for the human resource manager to introduce various strategies for handling the staff of the organization.
5 Pages(1250 words)Assignment
Human Resource Management
Human resources are one of the vital assets of all organisations in any given day. Apart from recruitment and selection process, human resource managers are involved in various other activities. They are involved in manpower planning and compensation management.
12 Pages(3000 words)Assignment
Human Resource Management Functions
With these revolutions the focus shifted from how "get things done through people" to "getting people do things" for the company's utmost benefit. This signals an alteration of the management perception of the human resource. Nowadays, there is a global recognition of the crucial role played by employees in attaining the goals of an organization as well as responsibility of management to harness the full potential of its workforce.
5 Pages(1250 words)Assignment
International Human Resource Management
Multinational corporations have spread their tentacles across diverse global locations and the continuously broadening global playing field has dire implications for the future of these multinational corporations’ competitiveness (Hannon 1997,
8 Pages(2000 words)Assignment
Human Resource Management
Businesses need to satisfy internal and external stakeholders equally. In ever-changing and turbulent business environment, delivery on time with quicker services, without impacting ultimate quality, has become extremely important for business survival. That is why the importance of HRM has increased manifold.
4 Pages(1000 words)Assignment
Management of Human Resource
This may help in ensuring success of the company within an industry. HRM may also help in monitoring employee performance and evaluating them
1 Pages(250 words)Assignment
Let us find you another Assignment on topic Human Recources Management for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us