1. Describe the importance of employee benefits as a strategic component of fulfilling the goals of HRM. Though many benefits are not legally required‚ it is vital for companies to keep up with competition and retain employees. HRM‚ must act as the driving force behind in building willingness in employees‚ employee retention and by attracting potential candidates. Using benefits as a strategic component helps enhance the effectiveness‚ morale‚ productivity and achievement of goals. The internet
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BE2601-Principles of Management Group Assignment: Zappos Planning & HRM SEM 1‚ AY 2012/13 Contents Executive Summary 3 Introduction 3 Mission Statement 3 Strategic Planning 3 SWOT Analysis 3 Recommendations to SWOT 4 Corporate Level Strategy 5 Business Level Analysis - Point of Differentiation 5 Human Resources Management (HRM) 5 Recruitment and Selection 6 Training and Development 6 Performance Appraisal and Feedback 7 Pay and Benefits 7 Labor relations 7 Overall Analysis
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Employee benefits Have grown in importance and variety Typically membership-based rewards offered to attract and keep employees Do not directly affect a worker’s performance‚ but inadequate benefits lead to employee dissatisfaction. Costs of Providing Employee Benefits Benefit and service offerings add about 40% to an organization’s payroll cost. Benefits become the focus of negotiations with employees when large wage and salary increases are not feasible. Social Security
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Mode 1 Act 1.5MR John Doe 1. Do you think an employee’s productivity is affected by whether they are satisfied or unsatisfied as an employee? Yes of course Explain your answer. If an employee does not feel like there are important or is not satisfied with their work their work and productivity will always suffer. Nobody likes doing what we don’t want to. Sometimes we have too but it doesn’t mean we will excel at it. At our work I don’t like to paint‚ I will provide primer coats to a repair or touch
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Compensation and benefits Is a sub-discipline of human resources‚ focused on employee compensation and benefits policy-making. The basic components of employee compensation and benefits: Employee compensation and benefits are basically divided into four categories: 1. Guaranteed pay – monetary (cash) reward paid by an employer to an employee based on employee/employer relations. The most common form of guaranteed pay is the basic salary. 2. Variable pay – monetary (cash) reward paid by an
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Case Study: Genentech Discussion Questions 1. Would you characterize Genentech’s employees as experiencing distress or eustress? Distress is the type of stress that has negative implications‚ whereas eustress has a positive form of stress‚ usually related to desirable events in someone’s life. Therefore‚ I would characterize the Genentech’s employees as experiencing eustress. For example‚ all these programs that Genentech offers to its employees make life less stressful
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Write about 1000 words to answer this question. Do you agree that "Strategic HRM is crucially interested in HRD and employee participation"? In your answer‚ discuss the problems and tensions embedded within HRD and employee participation. I believe that an organization’s best competitive advantage is their people‚ and Human Resources Development (HRD) and employee participation is critical component of an organization’s Strategic Human Resource Management. A culture that supports learning can make
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Why is strategic HRM so important for organisations? Explain how strategic HRM can be facilitated and how it can contribute to an organisation. Strategic HRM: can be defined as the linking of human resources with strategic goals and objectives in order to improve business performance and develop organizational culture that brings up innovation‚ flexibility and competitive advantage. Strategic HRM involves setting employment standards and policies. Moreover it is not any particular human resource
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high standards permeate all aspects of our company. Quality is a state of mind at Whole Foods Market. Our motto — Whole Foods‚ Whole People‚ Whole Planet — emphasizes that our vision reaches far beyond just being a food retailer. Our success in fulfilling our vision is measured by customer satisfaction‚ Team Member excellence and happiness‚ return on capital investment‚ improvement in the state of the environment‚ and local and larger community support” www.wholefoodsmarket.com ( accessed on 21 march
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The Strategic Importance of Effective Employee Relations Today there is a new importance to build a competitive advantage through an organization’s human resources by focusing on achieving the strategic benefits of “employee engagement”. Keeping employees motivated and engaged in goals of the organization. The most important part of employee engagement is ensuring they are treated fairly‚ ethically and legally. Research has shown employees are sensitive to the treatment they receive from employers
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