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HRM Approach to Managing the Employment Relationship - Assignment Example

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This essay maps out a strategy for acquiring and retaining staff and the elements of the HRM plan include ways and means to hire the best people and retain them in the company. The essay discusses executive compensation, performance-linked variable pay, employee benefits…
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Download file to see previous pages Job seekers in print and visual media along with a concise and precise summary of what the job is all about and what the employee can expect once he or she joins the company.
The Hiring strategy’s success would depend on how well the actual duties and responsibilities of the job match up with those that were advertised. Hence, there is a need to “walk the talk” when it comes to specifying the job description. There should not be any scope for disappointment among the employees once they are hired. Any promises of specific divisions in which the employee is going to be placed should be honored
rt from this, the pay structure of the engineers must be competitive and as outlined in the sections below, the benefits and the perks must be competitive by industry standards. The theory states that engineers who would be hired would look for the whole package that includes compensation, benefits, and perks. The hiring process must be transparent and unbiased consistent with the company’s policy of being an equal opportunity employer.
Management theorists often emphasise the fact that one of the reasons for low employee morale in engineering industries is the fact that the workers and the engineers in the shop floor often feel alienated and cut off from the larger purpose. The contention is that the engineers feel themselves to be part of an impersonal setup and perceive themselves to be unable to make a difference to the whole unit. Hence, there is a need to involve the engineers in the larger picture and provide them with perspective on the bigger picture.
In engineering units with assembly line manufacturing, the engineer is often responsible for his or her part of the chain and is not in a position to relate to the bigger picture. Hence, there should be effective strategies like job rotation, interaction with other units, timely promotions and cross functional teams wherein the engineers would feel themselves to be contributing to the larger goal. ...Download file to see next pagesRead More
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