HRM 533
HRM 533 : INTRODUCTION TO HRM
INDIVIDUAL ASSIGNMENT
REQUIREMENT
Question 1:
Describe the major types of HRM activities. Which is the most important? Why?
The major types of HRM activities:-
1. Payroll
Handling compensation concerns is a chief duty of the HR department. Processing payroll accurately and on time is of great importance to everyone at the company. The main types of compensation that an HR professional deals with are guaranteed pay and variable pay. Guaranteed pay is an employee's hourly wages or set salary, while variable pay is contingent on performance generally in the form of bonuses or incentives.
2. Benefits
HR is responsible for managing the benefits packages offered by the business. Various health care plans, profit sharing information and pensions are among the offering of many companies. The HR professionals need to have a clear understanding of these varied benefits, help make determinations on the best package for their company and be proficient at explaining these benefits to the staff.
3. Recruitment
The selective recruitment of employees is another major component handled by HR. This involves searching for the right people to fit in specific roles. According to the U.S. Department of Labor, HR professionals often comb college campuses and job fairs for potential candidates. HR can then check references, test for particular skills and conduct interviews to determine if individuals are a good fit for the company.
4. Training
Employees need individual instruction when assigned to specific roles. The development of training programs to provide valuable skills education and the teaching of various protocols is handled by HR. The HR department works with management to form training plans that often include manuals, peer mentoring and practice opportunities.
5. Employee Services
HR representatives are responsible for ensuring employees are afforded opportunities to get help when needed. For example, the HR department might contract with an
INDIVIDUAL ASSIGNMENT
REQUIREMENT
Question 1:
Describe the major types of HRM activities. Which is the most important? Why?
The major types of HRM activities:-
1. Payroll
Handling compensation concerns is a chief duty of the HR department. Processing payroll accurately and on time is of great importance to everyone at the company. The main types of compensation that an HR professional deals with are guaranteed pay and variable pay. Guaranteed pay is an employee's hourly wages or set salary, while variable pay is contingent on performance generally in the form of bonuses or incentives.
2. Benefits
HR is responsible for managing the benefits packages offered by the business. Various health care plans, profit sharing information and pensions are among the offering of many companies. The HR professionals need to have a clear understanding of these varied benefits, help make determinations on the best package for their company and be proficient at explaining these benefits to the staff.
3. Recruitment
The selective recruitment of employees is another major component handled by HR. This involves searching for the right people to fit in specific roles. According to the U.S. Department of Labor, HR professionals often comb college campuses and job fairs for potential candidates. HR can then check references, test for particular skills and conduct interviews to determine if individuals are a good fit for the company.
4. Training
Employees need individual instruction when assigned to specific roles. The development of training programs to provide valuable skills education and the teaching of various protocols is handled by HR. The HR department works with management to form training plans that often include manuals, peer mentoring and practice opportunities.
5. Employee Services
HR representatives are responsible for ensuring employees are afforded opportunities to get help when needed. For example, the HR department might contract with an