Determine the compensation and benefits

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Reference no: EM133181750

1) One of the main functions of HRM is "Compensation and Benefits". Explain clearly what this function is and then discuss how this function can help specifically "Tamdeen Group" company. (Below are some important issues to include in your discussion about this function of HRM)

- Job evaluation (assess how the company can apply point evaluation method to set up compensation structure for different pay grades)

- Employee Benefits

- Advanced compensation techniques such as Market pay benchmarking, Managing pay-for- performance, SIPS (Sales Incentive Plans) and LTIPS (Long-Term Incentive Plans)

2) Based on your own research and literature review, identify, describe, and discuss two best practices that other organizations of the same industry (same industry as " Tamdeen Group " Company) are currently applying to perform their activities in the HRM function (Compensation and Benefits) mentioned above. Please note that these other organizations in that industry can be within or outside of Kuwait.

3) Based on your research so far about your company, discuss (this is a "discussion question" and it requires in-depth analysis and arguments) all the below points:

A) Why Human Resources department is a critical and strategic department for the success of "Tmdeeen Group" company,

B) How Human Resources functions can be improved to help "Tmdeeen Group" specific company achieve its goals and objectives more effectively and efficiently, and

C) What recommendations you would provide to higher management if they asked for your ideas.

Reference no: EM133181750

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