Plan IV Compensation InterClean is entering a new strategic target and upper management has asked for a proposed compensation plan purposely for the new sales team. Recommendations for the new compensation plan will be submitted to the human resource department manager for endorsement. The foundation of the new compensation plan was developed after reviewing the job analysis‚ training program‚ and performance management plan. The plan includes a description of the prepared proposal and the explanation
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COMPENSATION‚ BENEFITS AND WORKING CONDITIONS One of the most difficult functions of personnel management is that which concerns compensating the employees fairly and equitably. OVERVIEW OF THE COMPENSATION SYSTEM The American Regime * Act No. 102 Act Regulating the Salaries of Officers and Employees in the Philippine Civil Service The Commonwealth Regime * Commonwealth Act No. 402 An Act to Provide for the Classification of Positions and Standardization of Salaries in the Government
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INTRODUCTION Human resource management is the overall responsibility for recruitment‚ selection‚ appraisal‚ staff development and training‚ understanding and implementing employment legislation and there welfare in the working place. Personnel management is the part of management that is concerned with people and their relationships at work‚ it is deeply concerned with the people working in various organizations and the relationships among them Their main similarities are; 1. They both use
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1. Introduction Traditionally‚ labor economics focused on the labor market rather than looking inside the “black box” of firms. Industrial sociologists and psychologists made the running in Human Resource Management (HRM). This has changed dramatically in last two decades. Human Resource Management (HRM) is now a major field in labor economics. The hallmark of this work is to use standard economic tools applied to the special circumstances of managing employees within companies. HRM economics has
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The Role of Psychology in Human Resources Management Talibova Shelale Rasim Department: Psychology Azerbaijan University of Languages Abstract HRM can be considered to be responsibility of all those who manage people as well as a description of persons who are employed as specialists. It is that part of management that involves planning for human resource needs‚ including recruitment and selection‚ training and development. It also includes welfare and safety‚ wage and salary administration‚ collective
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Q.1 Write down the difference between Personnel management and Human Resource management. Ans. Distinction between Personnel management & Human Resources management The history of Human Resources management traces its roots to the erstwhile Personnel management that was prevalent in the companies of a few decades ago. Though the two terms ‘Personnel Management’ and ‘Human Resources Management’ are interchangeably used by most of the authors‚ there are key differentiators that make Personnel
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Coles’ Human Resource Management Evaluation Report Abstract This report illustrates two key HRM strategies used by Coles Supermarkets-Reward Management and Performance Management. The core competence and business goal of Coles are elaborated and the room for improvement have been identified‚ whereby Reward management and its implementation have been critically analysed to bridge the gap between their operational loss (weakness) and optimum performance (desired goal). Likewise‚ the method in which
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to the current Singapore International Airlines (SIA) and Malaysian Airlines System (MAS). After the split‚ SIA ownership was transferred to the Singapore Government under its investment arm Temasek Holdings. Even though SIA was a government owned company‚ it had to pay taxes and make itself profitable. As SIA did not have any domestic routes to rely on unlike MAS‚ it had to strategize its business and had to come out with a branding that will make itself visible in the airlines industry. SIA’s fleet
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Qi Jiang Foundation MPHR 696 Final Exam Jan 23rd‚ 2014 Question 1: Collective Bargaining A labor relation is a key issue for organizations because the nature of the relationship between employees and employers can have a significant impact on morale‚ motivation and productivity. The act allows unions to be formed and exist as employee organizations that have the legal rights to bargain with management over various terms and conditions of employment. When a union is elected to
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– 6 1)Performance appraisal is done for a) administrative purpose b) employee development c) programme assessment d) all the above 2)Performance appraisal emphasizes on a) to create & maintain satisfactory level of performance b) to meet individual development needs c) to help superiors to have proper understanding about subordinates d) all the above 3)The appraiser may be a) manager or supervisor b) the employers peer c) self appraisal d) all the above 4) Good
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