Download or read book How Reward Management Influences HR Performance written by Johnny Ch Lok and published by . This book was released on 2020-01-22 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: I assume that effective reward strategy enables employees to contribute effectively and productivity to overall company direction and accomplishment of the organization's foals and objectives. If every human resource related tasks or functions, such as recruitment, selection, orientation, training, appraisal, motivation functions can achieve perfect aims in the shorten time efficiently, then the organization will have implement one effective human resource department.This effectice HR related functions will ensure its stable continuity and achievement to the organization. However, I believe personal element is the main factor to raise organization's effectiveness to compare other kinds of factors, e.g. good machine facilities, good working environment, good employee morale and organizational policy etc. factors. If the organization has good qualities of personnel element. Consequently, the organization should prioritize the development of the human element to maximize talents, skills and ability which will automatically reflects on the company's profit. So, it seems that company's profit raising up or falling down, it has relationship to good or bad personnel element. One firm seems to be an auto-mental machine factory, it needs to employ some people, through a conventional plant with similar capacity might require more people. So, the company ( factory) needs good personnel element for proper HR planning to employ the suitable workers to do the right job positions, it is known as a "manpower planning".Hence, training is one important function to some organizations, when the organization needs to train lacking technicians or raise to improve their modern skills of improve upon their talents and educational qualifications when it selects to employe these low skillful employees to do its any departments' high technical skillful jobs when the organization needs to change. Thus, the technical workers need to be equip themselves skills which will boost quality product and profit making of their organization.
Download or read book Reward Management Influences HR Performance written by Johnny Ch Lok and published by . This book was released on 2020-11-29 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: ⦁Good reward management strategy influences corporate strategyIn my opinion, it is very important how to implement one effective human resource (HR) management strategy, such as the development, award ( compensation) management, learning and training ( talent mangement), job evaluation ( performance management review or appraisal, selection and recruitment activities. Because if the organization can achieve one effective HR strategic plan, then it will influence its organizatinal corporate strategy to achieve more successful. Otherwise, if it can not implement on effective HR strategy, then it will not influence its organizational corporate strategy to achieve more successful. I shall give my opinion to explain as below: Ong Teong, W (2010) explained that one organization hopes to acvieve corporate strategic success. It needs to implement a result-management system to achieve results through and with people. The steps include: The first step is strategic focus: product/service delivery process, operation process flow, functional analysis, performance expectations and operation manual elements. Then second step, it divides two channels. The first channel is from stragic focus to achieve employee performance result as well as the another channel is to plan the management management( expectation), it includes: keu results areas, key performance indicates and target elements of action plans.Then, it will implement the third step of performance management and review, it includes: evaluation: motivating, communication, coaching and counseling. Next it will bring two channels to the fourth step, the first channel is either it brings control to implement the performance appraisal and the performance appraisal stemp will give feedback to the first step of strategic focus again as well as the another channel is to give feedback to performance measurement second step again.
Download or read book How Reward Strategy Influences Employees Performance written by Johnny Ch LOK and published by . This book was released on 2020-01-23 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: HR planning can help management in making decision in the following areas: recruitment. , avoidance of redundancies ( increasing labor turnover, training, management and development, estimates of labor cost, productivity bargaining, raising effectiveness or efficiency , accommodation requirements. In order to achieve company's maximum benefits purpose, HR planning needs continuous readjustment ( annual review) , because the goals of an organization are subject to change and its internal and external environment is uncertain. It is also complex because it involves to many independent variables, e.g. increasing skillful immigration job seeker number to compete in the country's local labor market or decreasing skillful labor, e.g. computer programmers, doctors, accountant, lawyers etc. occupation professionals sudden emigrate to other countries to seek jobs, consumer demand increases or decreases to the product. Hence , it must include feedback because if the plan can not be achieved, the objectives of the company will have to be modified so that they are feasible in human resource terms.The human resource plan process to one company is a cycle process. The first step may include that it needs to follow issues from corporate plan's strategies and objectives. The main points to be considered such as capital equipment plans, reorganization, e.g. centralization or decentralization, how to change in product or in output, marketing plans and financial limitations.After it gathers the company's corporatestrategic plan data. Then, it will implement its second step. This step may include three aspects:‧How to achieve the reasonable present utilization of human resources in particular: numbers of employees in various categories, estimation of labor turnover for each grade of employee and the analysis of labor effects of high or low turnover rates on the organization's performance, amount of overtime worked, amount of short time, appraisal of performance and the potential of present employees and general level of payment compared with that in other comparable firms. All these HR related data is essential to be recorded in accurate attitude.
Download or read book The Effect of Reward Management System on Employee Performance The Case of IE Network Solutions Plc written by Esubalew Ginbar and published by GRIN Verlag. This book was released on 2021-02-25 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2020 in the subject Leadership and Human Resource Management - Employee Motivation, grade: 3.87, Addis Ababa University (College of Business and Economics), course: Business Administration, language: English, abstract: The aim of this study was to examine the effect of reward management system on employee performance in the case of IE Network Solution PLC. in Addis Ababa. In a current highly competitive business environment, having well performing and inspired employees are the main success factor for any organization. In realizing that, in one hand researchers argue well-designed reward strategy plays the major role through enhancing the performance of employees. On the other hand, other scholars claim that rewards have nothing to do with employees’ performance. This study was conducted through a mixed research approach with in both a descriptive and explanatory research design. A total of 80 self-administered questionnaires were distributed to the all staff members of the company. 77 questionnaires were returned. It was valid to run the data analysis. Therefore, the descriptive, correlation and multiple regression analysis were computed through SPSS version 23. The correlation analysis result shows that promotion and employee recognition positively and moderately associated with performance of employees. However, work condition salary have a positive but weak relation with employee performance. The multiple regression analysis revealed promotion (β=0.313), employee recognition (β=0.319), work condition (β=0.256), and salary (β=0.189) has a significant effect on employee performance. However, benefit packages have no significant effect on performance of employees. Additionally, the regression analysis shows, (R^2=0.579, p
Download or read book Reward Management written by Geoff White and published by Routledge. This book was released on 2013-05-13 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thoroughly revised edition adopts a critical and theoretical perspective on remuneration policy and practices in the UK, from the decline of collective bargaining to the rise of more individualistic systems based on employee performance. It tackles the conceptual issues missing from existing texts in the field of HRM by critically examining the latest academic literature on the topic. Fully updated to cover the Chartered Institute of Personnel and Development's reward syllabus, and offering a less prescriptive alternative to current texts for HR practitioners and MBA students, this new edition includes: new chapters on executive reward, pensions and benefits clear routes to assist the student reader in the journey through this complex area a strong contextual framework to enable better understanding The second edition of Reward Management is an essential read for all those studying or with an interest in human resource management, performance management and reward.
Download or read book Managing Employee Performance Reward written by John Shields and published by Cambridge University Press. This book was released on 2015-10 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition offers a comprehensive coverage of employee performance and reward, presenting the material in a conceptually integrated way.
Download or read book Principles of Management written by David S. Bright and published by . This book was released on 2023-05-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Black & white print. Principles of Management is designed to meet the scope and sequence requirements of the introductory course on management. This is a traditional approach to management using the leading, planning, organizing, and controlling approach. Management is a broad business discipline, and the Principles of Management course covers many management areas such as human resource management and strategic management, as well as behavioral areas such as motivation. No one individual can be an expert in all areas of management, so an additional benefit of this text is that specialists in a variety of areas have authored individual chapters.
Download or read book The Routledge Companion to Reward Management written by Stephen J. Perkins and published by Routledge. This book was released on 2018-11-14 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Companion to Reward Management provides a prestige reference work and a state-of-the-art compilation, mapping out contemporary developments and debates on rewarding people in employment, and how they relate to business, corporate governance and management. Reward management stands at the interdisciplinary interface between economics, industrial relations and HRM, industrial psychology and organisational sociology, and increasingly corporate governance incorporating debates around equity and fairness in and around the employment relationship and wider capital-labour relations. In recent years, trade union decline and widening differentials between those employed at the top of organisations have generated critical commentary in the popular media which can negatively impact on social cohesion. Theoretically underpinned but practically oriented, this Companion will synthesise these trends and controversies around issues while tracing conceptual and empirical provenance, currency and future prospects. It will be an invaluable resource for student and researchers in reward management, corporate governance, management and HRM seeking convenient access to an area which is highly complex and controversial in application.
Download or read book The Influence of Rewards and Satisfactions on Employees Performance in Organization written by Abdifatah Musse and published by GRIN Verlag. This book was released on 2012-12-27 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2012 in the subject Leadership and Human Resource Management - Miscellaneous, grade: A, Kolej Universiti Insaniah (Insaniah University College ), course: Business Administration , language: English, abstract: While performing their duties in an organization, employees’ performance can be viewed through the provision of rewards, benefits, pay levels, and pay for their administration. This study was based on a conceptual method which is focusing on relation to the satisfaction of reward and employee’s performance; it has 4 items, which are pay level, Salary administration, raise, and benefits satisfaction. Furthermore, benefit satisfaction has roughly three main items, namely training, health, and rights. It is because; this research’s title is aimed to determine the Relationship between reward satisfaction and work performance. Moreover, the objective of this study is that to examine the influence between pay level and work performance, and to examine the influence between benefits and work performance, also to examine the relationship between raise satisfaction and work performance and to examine the influence between salary administrative and work performance. This study was conducted in a conceptual method. As we have intended to study the influence of rewards and satisfaction on employee’s performance in an organization, information that we have used were gathered from distinct areas such as textbooks, scholarly writing, research materials, journals, related articles, and the Internet sources were resourceful in the process of gathering the information, however, our point of view on those sources was also interpreted in a concept that we have aware to be relevant and potentially directed to this topic. As a result, this study shows that the whole variables were significantly contributed with the dependent variable, meanwhile, pay level satisfaction has substantively related to work performance, whereas raise satisfaction has also influenced work performance. Salary administration satisfaction is also a positive relation to employees’ work performance. However, the most significant variable was benefit satisfaction which is extremely contributed to work performance.
Download or read book Motivate and Reward written by H. Kressler and published by Springer. This book was released on 2003-03-21 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Motivation, ability and potential for development are crucial for performance and the achievement of objectives. The author, from his extensive management experience at Unilever, the leading multinational corporation, demonstrates the importance of the link between motivation, assessment of performance and potential, and reward and incentive strategies. It is only by getting this relationship right that the company can achieve business success.
Download or read book Analysis of different rewards at ABC House to improve employee s performance written by Muhammad Naeem and published by GRIN Verlag. This book was released on 2015-10-27 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2014 in the subject Business economics - Business Management, Corporate Governance, grade: B, Glyndŵr University, Wrexham known as NEWI, course: MBA, language: English, abstract: The purpose of this research is to explore the most effective and best rewards to get the maximum performance from the employees’ working in ABC in London. Extensive research will be conducted to determine the motivational rewards types to boost up the motivation of employees at work. Further to identification of major reward types; the advantages and disadvantages of each reward type will be highlighted to understand the rewards in broader spectrum. The purpose of this research is to determine the best motivational reward which can help in boosting the employees’ performance to another level. The data can be collected either through primary data or by secondary data; combination of both data types are usually adopted to conduct an extensive research. The most effective and best reward type which helps to motivate the employees will be discussed in literature review (secondary data). Also the limitations related to each motivational reward type affecting the employees’ motivation will also be discussed in the literature review of the research. Once the data is collected through secondary means; the next step is to determine the problems prevailing at ABC which are limitations in motivating the employees to perform well. Once data from both means (primary and secondary); the information will then be evaluated which will help in understanding the motivational factor and the reward to motivate employees at ABC. The outcome of this research will facilitate in recommending which reward effective for motivating the employees based on the analysis of data. The main objectives and questions of research are listed below.
Download or read book Reward Management How Rasises Employee Performance written by Johnny Ch Lok and published by . This book was released on 2020-02-12 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: An organization's effective HR department development is needed to support by the development and vaidation of an instrument that reflects the system of high performance work practices adpted by the firm's employees. Then, if the organization has high performance work practices, it implies that its all employees had adopted its working environment to do every task efficiently. The reasons include as below points: The first point, their employees must add value to the firm's production processes from effective training methods to achieve raising levels of individual performance successfully.The second point, the skills to the firm seeks must be rare. So, the firm's employees can have rare skills to contribute to their organization to compare the other similar industry's organizations, their owning general ordinary skills of employees. So, rare skillful employees and effective training both methods which will be important factors to assist different departments to improve performance and raise productive efficiency more easily. Also, it implies that an effective Hr department will have above characteristics when the organization's human resource department owns above these competitive advantages. Then, achieving the raising productivity and efficiency aim will achieve more easily.The third point, the human resource department needs to have long-term human capital development to invest to the firm's employees to continue to train them to improve their hard and soft both skills. Investments in human resource development, they are similar to organization's equipment or facilities investments. So, they both are such as to invest in the firm's specific human captial, which can further decrease the probability of such imitation by qualitatively differentiating between the firm's specific talent employees and the other same industry firms' employees .Thus, it means that the firm's employees' skills and efforts will be better to compare its same industry competitors' employees, if the firm has long-term human resource talent development strategy to its different departments' employees to prepare to raise heir skills and efforts level.
Download or read book Managing Employee Performance and Reward written by John Shields and published by Cambridge University Press. This book was released on 2020-01-02 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on performance and reward using systems thinking and a dual model of strategic alignment and psychological engagement.
Download or read book Reward And Compensation Strategy How To Influence Employees Performance written by Johnny Ch Lok and published by . This book was released on 2020-01-25 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: How HRM strategy changes in beverage industry?In beverage competitive industry example, Coca-Cola soft drink organization example, it was still keeping its predominance in the beverage market product " Coke", Pepsi Co was advancing fast on the base of a successful "image" HR strategy targeting the youngest segment of the beverage market under the taste of the new generation. So, it can select to employ more young workers to work in its organization in order to persuade many youngest soft drink customers to believe it is one young soft drink health drinking company. By 1983, Pepsi had begun to outsell coke in supermarkets when coke maintained its edge only through soda vending machines and fast food restaurants. Although, different marketing strategic breakthrough by far unexpected. It follows all time successful formula of coke. In 1985, the " New Coke" was introduced after an extensive study of market trended, surveys, focus group and taste tests strategies. In these survey investigation process, it must need to employ many part time or full time questionnaires staffs, they can include students, housewives, freelance workers, unemployed workers. So, HR department needs have enough time to select the right applicants to finish the whole questionnaire investigation project efficiently and effectively. The HR arrangement need to gather information to conclude this goals, such as how to design the new formula ( or taste) was based on a different ( lower cost) source of sugar, high fructose corn syrup to replace cane sugar. All of Coca ( the plant from which comes the allealoid cocain) derivates were also removed from the old formula. So, how to design the taste is the main survey information gathering aim. Also, how HR arrangement which can have enough questionnaire staffs to carry on gathering information from the taste tests in the limited time to achieve to finish the taste test questionnaire project efficiently and effectively.What are HR strategic benefits? They include: It can assist an organization to protect its HR capital base. It is a well accepted business principle, it can also help the organization to extend this notion to the world' natural and human resources, it can help leaders to plan and measure HR employment and reward and welfare and performance management systems of business enterprises more accurately, it can help business leaders to do the best balance between narrow self-interest and actions takes for the good of unemployment or creating more opportunity solution benefit in society as well as they can do actions in pursuit of financial survival more easily.Why can HR strategy help organizational change in success? Knowing the importance and implication of organizational change and admitting the fact that organizational change success and leader / leadership can play a key role in bringing and implementing these changes by deciding the desired form of an organization and taking the potential steps which are needed for the process. So, when one organization has one good HR strategy, it can assist its organization to change more people and non-people resources effectively and efficiently.Why do organizations need to change HR strategy? Nowadays, dynamic business environments influence organizations that respond quickly and effectively to constant change. A dynamic enterprise has two important tasks. It must adapt the current business environment, e.g. people skillful shortage in the industry into a shared HR strategy and then quickly and effectively to employ talent people or potential people to do the skillful job for its organization.
Download or read book Rewarding Performance written by Robert J. Greene and published by Routledge. This book was released on 2010-05-24 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part One identifies common principles that underlie sound performance and rewards management. Chapter One sets the stage for defining these principles by describing how a human resource management strategy is derived from the organizational context and strategy. Chapter Two presents common principles for effectively managing performance. Chapter Three develops principles that should be incorporated into rewards management strategies. Part Two explores the development and execution of "local" performance and rewards management strategies, which can be utilized for different segments of the workforce. The segments of the workforce addressed here are: Executives (Chapter Four), Sales Personnel (Chapter Five), Professionals (Chapter Six), Operating & Administrative Support Personnel (Chapter Seven), Teams (Chapter Eight) and global workforces (Chapter Nine). Part Three addresses how programs to support the local strategies can be developed and how they can be integrated to produce alignment. Guidelines for effective implementation, administration and evaluation are presented. Chapter Ten examines some of the contextual and environmental factors that impact performance and rewards management for public sector and not-for-profit organization workforces. Chapter Eleven focuses on integrating local strategies and executing strategies through program development, implementation and administration. Chapter Twelve provides a model for strategy and program evaluation.
Download or read book Armstrong s Handbook of Reward Management Practice written by Michael Armstrong and published by Kogan Page Publishers. This book was released on 2012-11-03 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reward management deals with the strategies, policies and processes required to ensure that the value of people and the contribution they make to achieving organizational, departmental and team goals is recognized and rewarded. Armstrong's Handbook of Reward Management Practice is the definitive guide to understanding, developing and implementing effective reward systems. It is aimed at HR practitioners involved in employee reward, and at students who need to understand the importance of reward and how it can be successfully applied across organizations. Updated to reflect the practical implications of the most recent research and discussion on reward management, this edition includes new case studies and chapters on evidence-based reward management, reward risk management and ethical approaches to reward management. This authoritative and engaging book is accompanied by extensive online resources, including PowerPoint slides and notes for tutors, and exercises to help students to test their learning. It is also closely aligned to the CIPD's standards in Reward Management, making it an ideal companion for both practitioners and students undertaking a professional qualification.
Download or read book COMPENSATION MANAGEMENT Rewarding Performance written by S.S. UPADHYAY and published by Global India Publications. This book was released on 2009-12 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book outlines a new way of looking at rewards-a holistic approach that uses measurement to determine what an organization actually valuses (in terms of skills, knowledge, experience and behaviors).Further it analyzes the impact of the braod spectrum of reward programs (pay benefits and carrers) on human capital and, in turn, on an organization's profitability.It discusses variable pay programmes, competency models to employee reward, talent management for business optimization, compenation in Not-For-Profit Organizations, designing the annual management incentive plan etc.
