PRINCIPLES OF WAGE & SALARY ADMINISTRATION The main principles that govern wage & salary fixation are three: * EXTERNAL EQUITY: Compare the pay of the same job in different organizations and judge if it is fair. Example: Retail store X has a Store Manager and retail store Y has a store manager (the same job in two different organizations) * INTERNAL EQUITY: Compare the pay of different jobs in the same organization and judge if it is fair. Example: A retail store has an Assistant
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ASSIGNMENT ON Profile: HSBC Bangladesh Submitted By: Sultana Id:05-038 Batch-15th(BBAth-16th) Department of MIS University of Dhaka Farhana Submitted to: Md. Rakibul Haque Assistant Proffessor Department of MIS University of Dhaka TRAP-1 Human Resource Management: Human Resource Management is the management of human being to convert them into human resource. It is a field of management involves planning‚ organizing‚ directing‚ and controlling the functions of procuring‚ developing
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“golden arches” and “supersized” fries. McDonald’s is an international corporation that manages several hundred independently owned stores. To effectively manage this type of corporation‚ McDonald’s must use several control mechanisms. Below is an analysis of McDonald’s control mechanisms and how the management functions incorporate them. Managers and corporations use four controlling functions to correct problems and achieve goals. Control is one of the Siamese twins of management. Planning is the
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Implementing Change Report Name HRM/310 Date Instructor Name IMPLEMENTING CHANGE REPORT This report will help Kudlers Fine Foods in upgrading the application of a modification within the organizations sales division. The report consist of five stages in implementing change that include‚ Stage one - managing and evaluating the change procedures‚ study the measurement and observation devices‚ and which methods to use. Stage two- monitoring the modification process for control over the modification
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[BUNDLE] HRM 531 Week 1 – 6 All Team and Individual Study Guides www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/bundle-hrm-531-week-1-6-all-team-and-individual-study-guides/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: This bundle includes study guides from all six weeks of HRM 531 human capital management. week 1: individual study guide InterClean merger memo week 2: individual study
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The Impact of HRM My manager has asked me to draft a proposal for improving the management of human resources in our company. There are many different areas in which the company can definitely improve on such as Recruitment and Selection‚ Training and Development‚ Labor Relations‚ Performance Appraisal‚ and Pay and Benefits. I feel as though the two different areas that can be improved are Training and Development and Pay and Benefits. Starting with Training and Development‚ by having a training
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objectives and strategies. Forecasting uses information from the past and present to identify expected future conditions‚ Management needs to estimate future labor availabilities and needs that is to assess the supply of labor from within or outside the organization.HR needs to determine the future demand of labor and types of employees. Supply and demand analysis should be conducted separately. Reasons for is that internal supply forecast tend to rely heavily on organization specific.such as turnover
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2011. Pp.118-136 New HRM Practices in the Public and Private Sector Industrial Enterprises of Bangladesh: A Comparative Assessment Mir Mohammed Nurul Absar1 and Monowar Mahmood2 This study explored adoption of new HRM practices in the public and private sector organizations of Bangladesh. We collected data from sixty industrial enterprises located in the main industrial city of country‚ i.e. Chittagong. The study revealed significant difference on adoption of new HRM practices between public
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Good Practice in Human Resource Management HRM - Transcript 1. Good Practice in Human Resource Management (HRM) Based on an interview with Graham Walton‚ Library Service Development Manager at Loughborough University ExFiles FOLIO Course – January 2007 2. Graham’s Current Role Graham is the Library Service Development Manager at Loughborough University. He is responsible for overseeing the quality /evaluation of library services‚ marketing and publicity‚ developing new services‚ training staff
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HRM Role in Recession The recession is healthy‚ from time to time. The recession helps to stop the businesses‚ which are not bringing value added and the human capital is transferred to more vital businesses at lower costs. In the companies‚ which survive the recession‚ the HRM Role is very important. The recession is very dangerous for the companies. During the times‚ when the business grows dramatically‚ the HRM Function introduces different policies‚ which are focused on spending money. The
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