Preview

Job Description and Selection Criteria, Hrm 210 Managing Human Resources

Better Essays
Open Document
Open Document
2688 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Job Description and Selection Criteria, Hrm 210 Managing Human Resources
HRM 210

Title : Job Description and selection criteria

Subject : HRM 210 Managing Human Resources

Name : Nischay Kumar

Student ID : 11433082

Managing Human Resources

Introduction:
Managing the human resources is an important task and in latest years has become the top priority for the organisations world over. The pressures of competition and global skill shortages have made staff recruitment very important. This assignment is about attracting and retaining key for an IT start up business. Selection and recruitment is assumed that the writer has successfully gained a position as a human Resource Manager.
We first are going to discuss HRM theoretical issues that need to the considered in relations to recruitment. These issues include the offer for the job, Pay for performance, job analysis, job description, pay and company’s objectives. After this, the document also discusses the advertisement issue. The link between the remuneration package and job performance will also be discussed. Many factors are been discussed which shows how performance in the job depends on other important factors.

1. The aim of having a pay for performance system in the organisation is to have a productive, efficient and effective organisation that improves the employee’s morale and motivation for his work. The merit or pay for performance plans relate to the Performance, Job size, Position in pay range, Pay competitiveness and company profitability. Pay for performance plans are essentially based on the achievement of the employees for the job goals and performance criteria. There is no doubt about the fact that motivation is the key driver of achieving good performance within an organization. There is no doubt that we live in a money-centred world and therefore any amount of human relations cannot compensate for a lack of monetary reward. However, the idea of giving incentives for individual outstanding



References: • Raymond J. Stone (2010). Managing Human Resources, John Wiley & Sons • Advantages and disadvantages of Pay performance

You May Also Find These Documents Helpful

  • Good Essays

    Introducing pay for performance system in the firm would be one of the trickiest decisions for Perkins since this system brings with its self a lot of advantages and disadvantages. Pay for performance system motivates and retains key talent hence increasing the overall productivity of the organization and creates a healthy competition amongst employees. But on the other hand it can create rifts amongst the…

    • 516 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The salary paid relating how well the employee works. Many employers use this program for evaluating the employees and for setting their salaries. Pay-for-performance is probably most compatible with expectancy theory. Individuals will perceive a strong relationship between their performance and the rewards they receive for motivation to be maximized. This is a popular programs and can motivate the employees to finished their jobs on time and perform…

    • 699 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The recruitment process can be described as the major key factor to organisations achieving their goals. Once we are able to define our strategy then we will be able to recruit, reward and retain highly skilled hands that are fit for purpose to achieve organisational goals. (Martin, M. Whiting, F. Jackson, T 2010) argues that human resources play very crucial roles in the recruitment process. Apart from acting as advisors to line mangers, we also play administrative roles in ensuring that we keep…

    • 764 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Total Rewards Plan

    • 390 Words
    • 2 Pages

    Total rewards and pay for performance plans are put in place to show that an employer values their employee's service to the company. These plans include compensation, work-life programs, and development and career opportunities.…

    • 390 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    At its core, recruitment and selection is about attracting and employing the most qualified and capable individual that will add value to the organisation. Marchington and Wilkinson (2008, 223) explain the importance of recruitment, “Staffing and resourcing, and in particular recruitment and selection, is a critical feature of HRM in all organisations, irrespective of their size, structure or sector.”…

    • 2146 Words
    • 8 Pages
    Better Essays
  • Better Essays

    The recruitment process is an integral part of human resource management (HRM). It isn’t achieved without proper strategic planning. Recruitment is defined as a process that affords the organization with a pool of competent job candidates from which to choose (Florea, 2014). Before companies recruit, they must implement proper staffing plans and forecasting to determine how many people they will need. The basis of the forecast will be the annual budget of the organization and the short- to long-term plans of the organization, for example, the possibility of expansion. In addition…

    • 1113 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    The advantages of a pay for performance policy is typically that productivity is increased while overall employee compensation costs are decreased because it doesn’t pay poor performers well. The disadvantages are measuring employee performance isn’t always easy. There will always occur some discrepancies in the performance level measured by the employer and actual performance level obtained by the employee which leads to dissatisfaction and decrease in motivation of the employee.…

    • 302 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Pay for Performance

    • 1107 Words
    • 5 Pages

    Traditionally, all incentive plans are “pay-for-performance” plans. They pay all employees based on the employee’s performance (Dessler). Compensation is a primary motivator for employees. People look for jobs that not only suit their creativity and talents, but compensate them both in terms of salary and other benefits accordingly. Compensation is also one of the fastest changing fields in Human Resources, as companies continue to investigate various ways of rewarding employees for performance. It is very important for organizations to make sure that the incentive plans are well structured to need the needs of the employee and in return make the organization profitable. Giving incentive pay to employees that has not earned them destroys the motivation and moral of employees which leads to less productivity. Thanks to public outcry, shareholder outrage, and increased government scrutiny, companies are making some adjustments to their executive incentive programs. At the very least, it gives the appearance of linking pay to performance.…

    • 1107 Words
    • 5 Pages
    Good Essays
  • Better Essays

    References: Byars, L. L. & Rue, L. W. (2008). Human resource management (9th ed.). New York:…

    • 1042 Words
    • 5 Pages
    Better Essays
  • Good Essays

    The basic premise of a pay for performance system is that it rewards high performers - employees with high performance appraisal ratings – proportionately more than low performers. Performance ratings in an organization may follow a standard continuum; employees are compensated more as they move up the range.…

    • 802 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Romanoff, K. et al (2012). Pay Equity: Internal and external considerations. Retrieved February 9, 2013, from http://theperfectpayplan.typepad.com/Pay_Equity_Article.pdf…

    • 869 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Performance Related Pay

    • 3542 Words
    • 15 Pages

    A reward and pay system that ensures employees’ contributions to the organisation is measured by both financial and non-financial mean (Armstrong, 2007). Since it is crucial to the success of a business, selecting the most correct and appropriate reward scheme seems a part and parcel of attracting and in order to retain employees and survive in an environment with ever so fierce competition. In fact, there are numbers of reward systems, such as skill based pay and profit related pay. In this essay, we aim at mainly evaluating and analysing the value of performance related pay (PRP) in organisations.…

    • 3542 Words
    • 15 Pages
    Best Essays
  • Better Essays

    References: Cascio, W. F. (2010). Managing human resources: Productivity, Quality Of Work Life, Profits (8th ed.) New York, NY: McGraw-Hill/Irwin.…

    • 1244 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Managemnt

    • 1256 Words
    • 6 Pages

    Performance-related pay or pay for performance is money paid relating to how well one works. Car salesmen or production line workers, and teachers, for example, may be paid in this way, or through commission. Many employers use this standards-based system for evaluating employees and for setting salaries. Even if an employee manages to keep their jobs with pay-for-performance salary they may not earn enough if their low performing employee.…

    • 1256 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    For every organisation it is important to have a right person on a right job. Recruitment and Selection plays a vital role in this situation. Shortage of skills and the use of new technology are putting considerable pressure on how employers go about Recruiting and Selecting staff. It is recommended to carry out a strategic analysis of Recruitment and Selection procedure.…

    • 10093 Words
    • 41 Pages
    Powerful Essays