Hrm 590 Final Project

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Human Resources Management (HRM 590)
Final Course Project Submission: Compensation Decisions
Anita Craine
December 9, 2012
Professor John Dibenedetto

TABLE OF CONTENTS

Literature Review………………………………………………………Pages 1-6 • Method of Job analysis
• Importance of Task Statements and KSA Statements
• Recruitment and Selection
• Performance Evaluation
• Compensation
Resources……………………………………………….……….....Page 7 Compensation Decisions………………………………………………Pages 8-9

LITERATURE REVIEW:
The role of a Human Resource department is ever changing in today’s volatile business environment. Over the years HR have become strong strategic partners within an organization by providing functions such as recruitment, training and development and retention. Human Resources in order to be strategic works directly with all levels of management in an effort to help with strategy and the growth of the company to meet their vision. One very important aspect is talent acquisition. Having the right people in key roles within the company is vital to the success and growth of any company. Performing this function includes preparing a job description, recruiting, and then setting compensation. A crucial tool used by many HR departments is the process of job evaluations and performance review. These aspects of the HR Department makes sure that the employees are performing the specific task for their job description proficiently and per the companies guidelines, as well as being able to determine whether the employees deserve a raise or any other compensation to award their performance. Human resources is a critical part of an organization in order to keep the company functioning and profitable they are an important part of finding the right employees, with the right skills and qualifications to fit into open positions. METHOD OF JOB ANALYSIS:

When a new job is created or a vacancy occurs, it is the role of a HR representative to fill that void. In order to perform this function they need to first understand what role they are trying fill is and what skills and responsibilities this new role would require. By conducting a job analysis they are able to further define important elements of any job and then search for the person or people that are the most qualified and would be a good fit for the company. As important as it is to perform a job analysis before looking for that new candidate, it is equally as important to select the correct job analysis method. Some popular job analysis methods are Observation, Individual Interview and Structured Questionnaires. Organizations choose methods based on various guidelines that are all linked to the job responsibilities of a position, company culture and size of the organization. Each organization must select which methods are the best match for their candidate search. The Observation method includes studying someone while they perform their job in an effort to better understand the tasks and duties necessary to this particular job. The advantages are the observer can obtain first-hand knowledge and information about the job being analyzed. This can provide an accurate picture of the candidate ability to do the job at hand. Other Job Analysis methods such as the interview or questionnaire only allow HR to indirectly obtain this information. With other methods there is a risk of omissions or exaggerations are introduced either by the incumbent being interviewed or by items on the questionnaire. The next method is the Interview method; this method involves conducting interviews of the person leaving this position to gain insights into what duties they perform. Interviews can also be conducted on other employees performing the same job but in most cases start with the HR manager. The advantages are that it allows the incumbent to describe tasks and duties that are not observable by anyone else and for the...
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