Describe the compensation philosophy

Assignment Help HR Management
Reference no: EM131235441

Overview

Many businesses and organizations large enough to require human resource management (HRM) will need someone that not only understands core human resource (HR) responsibilities, but also understands the vision and mission of the organization.

To align the core HR requirements of an organization with its strategic plan, you will conduct an HRM review of an organization in a case study. Be creative in assembling each of the individual components or HR tools to the HRM review so that they would be consistent with and add value to the organization. Complete the HRM review that illustrates how each of the HR tools plays a role in an organization's overall strategic plan.

The project is divided into four milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Two, Three, Four, and Five. Your comprehensive proposal will be submitted in Module Seven.

This assessment addresses the following course outcomes:

- Explain core concepts of human resource management common in today's global workplace for promoting shared values throughout an organization

- Describe human resource management practices and theories that align to and promote the organization's vision, mission, and business

- Illustrate the functions of a human resource manager for ensuring alignment with the organization's strategic plan

- Explain modern human resource concepts and principles that are essential in a changing work environment

Prompt

In this assessment, you will review the human resource management (HRM) in an organization through a case study. This case study will give you the opportunity to explore various roles and processes within the human resources profession. A key skill for any professional working in human resources is the ability to develop and implement processes that align with a company's strategic plan and mission.

I. HRM Functions and Practices

A. Explain why the human resource (HR) function should be aligned with an organization's strategic plan.

B. Explain how current global conditions in this industry impact human resource management (HRM) practices within organizations.

II. Staffing

A. Describe a process to recruit and select new employees who are aligned with the organization's vision and goals from the case study.

B. Compare and contrast recruitment and selection of internal versus external candidates using best practices from the Society for Human
Resource Management (SHRM) website. Refer to the Research and Metrics page for helpful resources. You may want to consider which method of recruitment would be most beneficial to this organization.

III. Training

A. Describe the components of a needs assessment used to determine the training requirements of the organization.

B. Explain the importance of developing learning activities. Be sure to incorporate adult learning principles and methods of experiential learning from this course.

C. Illustrate the value of a training needs assessment in an organization. Support your response.

D. Describe the importance of creating SMART objectives for a training plan.

IV. Compensation

A. Describe the compensation philosophy. How does the market influence this philosophy?

B. Determine the value of salary surveys and describe the advantages of discretionary benefits.

V. Evaluation

A. Determine the HRM's role in the performance management process. How can you ensure the process aligns with the organization's strategic plan?

B. Differentiate between various performance appraisal systems. Provide an example where one would be more applicable.

C. How do you identify best-suited appraisals for employee job duties? Support your response with an example.

D. Identify a variety of performance rating scales that can be used in organizations that includes graphical scales, letter scales, and numeric scales. Describe each scale.

Reference no: EM131235441

Questions Cloud

Five ages of tourism : What are The Five Ages of Tourism and give a brief description about each. Also, include the importance of each.
Develop your nab company name and explain its significance : Create your NAB company name and explain its significance. Develop your company's Mission Statement and provide a rationale for its components.
Describe the benefits to the business and to the customers : Give specific examples of each of the seven bottleneck principles that apply to that business. Suggest a way to increase the throughput of the bottleneck and describe the benefits to the business and to the customers.
How apt model is similar to but more general than the capm : Confirm that the portfolio H is not mean-variance efficient if the risk free rate of return is 4%.-  Explain how the APT model is similar to, but more general than, the CAPM.
Describe the compensation philosophy : Explain the importance of developing learning activities. Be sure to incorporate adult learning principles and methods of experiential learning from this course. Illustrate the value of a training needs assessment in an organization. Support your r..
Brief description about each : What are The Five Ages of Tourism and give a brief description about each. Also, include the importance of each.
What are the six bottleneck principles discussed in the text : What are the five things discussed in the text that are important in managing bottlenecks?
What would the fama french momentum model suggest : What would the Fama-French-Momentum model suggest you use as the hurdle rate for this project?- Assume that the prevailing risk-free Treasury offers 3%.
Summarize the change event and the challenges : For each of the interviews, please use one page maximum to summarize the change event and the challenges overcome to make it successful

Reviews

Write a Review

HR Management Questions & Answers

  Ability of an employer to operate its business successfully

Find and provide examples using at least six different employment and labor laws that interfere with the ability of an employer to operate its business successfully.

  Critical thinking analysis

"Critical Thinking analysis, evaluation, and a synthesizing of fact, ideas, opinions, and theories" (Jones, 2013, para. 1) Critically think (analyze, evaluate, synthesize) the key concepts about leadership behaviors and theories, and include point..

  Links between corporate culture and ethics

Links between corporate culture and ethics can take two directions. On the one hand, corporate culture can be viewed as a fundamental ingredient in institutionalizing ethics in organizations. On the other hand, culture can be considered the backbone ..

  Variances-boutin glass works

Boutin Glass Works' production budget for the year ended November 30, 20x4, in department C was based on 200,000 units. Each unit requires two standard hours of labour for completion.

  Communication channels in international business

Today, communication has been regarded as a backbone for any organization. Through effective communication channels an organization can make progress in international business.

  Managing globally has significant differences than managing

managing globally has significant differences than managing locally however leaders in multinational organizations must

  Leadership theorem

Choose two of the ILF presentations and debate their lessons for leadership. You should use theory in your answers discussing how the case exemplifies or differs from the theory.

  Combination of philosophies-theories

This paper should be a combination of philosophies, theories, and concepts learned in this course, and demonstrate how they apply to the early childhood classroom.  The primary focus will be on the comprehensiveness of the many components that are..

  Provide background information on the country

Provide background information on the country, and then examine two to three (2-3) of the complexities and challenges you would likely face in designing, developing, and implementing an HRIS in that country.

  What risks or challenges might a manager encounter

How will accomplishing these objectives support your success in management? What risks or challenges might a manager encounter if they have not mastered these objectives? Explain

  What must healthcare organizations do

What must healthcare organizations do to compete and survive in the context of increasing use of medical facilities and the increasing demand for quality services? Use examples of different types of organizations in your answer.

  Explain the customer segments that your company or

what are the customer segments that your company or organization serves? your response should address customer segment

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd