1. WHY HUMAN RESOURCES IS IMPORTANT In most companies across the globe‚ the department designated to hire‚ train and retain employees is mainly the HR department and the management of human resources is called HRM since 1980s. It was in the past also referred to as the personnel department and it was mainly responsible for managing the functions of hiring qualified employees to the company‚ as well as managing and developing employees and improving their skills and performance during their presence
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Salary is not the most important factor in motivating employees The psychology of motivation is enormously complicated and there is a small part of it has been illustrated with any degree of guarantee. A number of people are desired for an effective formula for moving employees. Some adopt to the way of increasing salary‚ not all of which is conductive (Herzberg‚1987). There are a great many factors in motivating employees. Salary plays a significant role while other factors such job participation
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process which aims to bring together a number of aspects‚ including appraisal. Thus‚ performance management may be thought of as being more strategic in its intent to achieve high levels of organizational performance. By contrast‚ performance appraisal is best seen as “being more operationally focused‚ with a focus on individual employee’s short- to medium-term performance and development” (CIPD‚ 2005a). Consequently‚ to fully contextualize the notion of performance appraisal it is important to locate
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Salary is the most important factor in motivating employees Motivation plays a significant part in a company in the modern society because only if employees are motivated can they be more productive. In a company‚ managers usually take measures such as pay increase and promotion to motivate workers. In the past decade‚ there have been a large number of surveys on factors that motivate employees to perform their best (Wiley 1997). Some experts state that salary is the most important factor in motivating
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“Our people are our most important asset!” Critically assess this statement demonstrating your understanding of HRM strategy and operations and HRM’s interconnectedness to other management functions and corporate goals. Employees are an organisations most important asset as they ultimately determine organisational success or failure. The management of employees therefore forms a crucial component in an organisation’s strategy. Throughout the last few decades the awareness of employee importance
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i ASHESI UNIVERSITY COLLEGE THE IMPACT OF TRAINING ON EMPLOYEE PERFORMANCE: A CASE STUDY OF HFC BANK (GHANA) LTMITED By BENEDICTA APPIAH Thesis submitted to the Department of Business Administration‚ Ashesi University College In partial fulfilment of the requirements for the award of Bachelor of Science in Business Administration APRIL 2010ii Declaration I hereby declare that this dissertation is the result of my own original work and that no part of it
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EFFECT OF TRAINING AND DEVELOPMENT ON EMPLOYEES PERFORMANCE (A STUDY OF UNITED BANK FOR AFRICA) BY NDIH AZUKA MARTINS MATRIC NO: 051003216 Being a Research Project Submitted to Distance Learning Institute‚ (Department Of Business Administration) University Of Lagos in Partial Fulfillment of the Requirement for the award of Bachelor of Science Degree in Business Administration OCTOBER 2010 CERTIFICATION This research project titled The Effects of Training and Development on employees Performance
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Why is employee motivation important? The answer to "Why is employee motivation important?" is because in today’s down economy‚ it’s more important than ever to have a motivated workforce. That’s because a motivated employee is a productive employee. And a productive employee is a more profitable employee. See how that works? When people aren’t motivated‚ they become less productive‚ less creative‚ less of an asset to your company. Now more than ever‚ we need motivated employees! Then‚ obviously
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Table of Contents Assignment Topic Look at various corporate and organizational websites and notice how important employee are to the organization. Questions Are there indicators that employees are a key concern? Or are the employees merely a means to helping the company succeed? What are some methods of building relationships with employees? What communications can help with that relationship-building? Methodology To answer the above question‚ I am collecting data regarding
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Introduction One of the most crucial tasks in running an organization is completing payroll. What is important for many employees is the pay they bring home at the end of the month. If their pay is late‚ then employees will start to question the financial veracity of the organization. The result is that employees will start to care less about their job and will start underperforming if they feel their job is not secure. With that said‚ organizations should strive to pay their employees in a timely fashion
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