Hrm 590 Final Project
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
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