MBA Assignment

  The traditional beliefs revolving around compensation have always maintained that the role is crucial whereas the person performing the role is trivial. This notion is now changing rapidly. Organizations have now boarded a different train of thought. Today more importance is given to the person performing the role rather than the role itself. It is ubiquitously believed that if a person in a particular role is treated right then he or she will inadvertently perform beyond expectation. A sure shot way of ensuring that this happens is through competency-based compensation. The Dot Com era also revolutionized the compensation administration. Today in most organizations we see a transition in compensation from the grade-based structure to a competency-based structure. Competencies are characteristics of a human being which are transformed into inputs to a role performed by the individual which enables an organization achieve its goals. Competencies can be divided into two parts: Fu...

  Performance management is an  ongoing process of communication between a supervisor and an employee  that occurs throughout the year, in support of accomplishing the strategic objectives of the organization. Furthermore Performance management is a communication process by which managers and employees work together to plan, monitor and review an employee’s work objectives and overall contribution to the organization. More than just an annual performance review, performance management is the continuous process of setting objectives, assessing progress and providing ongoing coaching and feedback to ensure that employees are meeting their objectives and career goals. There is much more to performance management than the annual performance review meeting. Performance management is a continuous process of planning, coaching and reviewing employee performance. Planning Phase Overview   The planning phase is a collaborative effort involving both managers and employees...

  Over the past century the companies in our country had to make enormous changes in how they treat their staff. There are still many companies that try to find a way around the duties the administration outlines for them to follow. The Federal laws that are engineered to protect all staff may appear completely out of place in varied work settings, but the primary goal is to insure the health and safety at work for all the ones that are employed Under safety and health law, the first responsibility for that is down to companies. As an employee, you have a duty to look after your own health and safety at work and that of others who might be influenced by your actions Your safety and health at work: • All employees must know their rights and responsibilities regarding their safety and health at work. • They should be aware of the general laws applicable to them. • All employees have entitlement to rest breaks and paid vacations • If you’re off sick from work and anxious a...

  Organizational structure is the framework on how employees work based on their duties & positions. Organizational structure, which is predominantly a hierarchy of the employees and the functions, is essential in order to streamline operations and processes within an organization. This is a critical part of a company as it defines the flow of work, accountability & authority to take decisions Importance of Organizational Structure There are many functions in a company, who have to work together to achieve the goal of the business. Every function needs to have different people with varied skill sets to grow the business. To ensure that there is flow of information & work, employees have defined roles & responsibilities, companies have a framework. This is known as organizational structure. By doing this, the hierarchy, roles, positions, duties, decision making abilities of all employees are well defined. An organizational structure usually starts with the CEO at...

The contributions of each employee play a pivotal role in the sustenance and growth of a business. Hence it is extremely important to select the right person for the job. The same way as a square peg does not fit in a round hole, a bad hire can affect the overall business outcomes. The impact to your business when you hire the wrong candidate is often much more than not hiring a person at all! Recruitment is not only an operational activity but a key strategic activity for the business. Hence there is a need for developing a strong  recruitment and selection process . The right process reflects on your company’s professionalism and portrays your organization’s maturity in  attracting and hiring  the right talent. An effective process helps in creation of a talent pool in a proactive manner, thus assisting in meeting the medium-term and long-term business objectives. Recruiting involves multiple stakeholders including senior level employees in your company and can cost a l...

  Employee Training and Development in HRM is defined as a  system used by an organization to improve the skills and performance of the employees . An effective training & development initiative based on training needs analysis helps the company to enhance the skills of working manpower and improve productivity. Furthermore Training and development refers to  educational activities within a company created to enhance the knowledge and skills of employees  while providing information and instruction on how to better perform specific tasks . Training is a short-term reactive process meant for operatives and process while development is designed continuous pro-active process meant for executives. In training employees' aim is to develop additional skills and in development, it is to develop a total personality. In training, the initiative is taken by the management with the objective of meeting the present need of an employee. In development, initiative is tak...