Nokia's Human Resource Management

Topics: Human resource management, Salary, Working time Pages: 3 (956 words) Published: October 19, 2008
Nokia: Human Resource Management (HR) – Personnel management To maintain a healthy, successful and efficient environment Nokia collaborates with its employees under the main goal to create an environment for all its employees where they can fulfill their potential. Motivation, encouragement and maintaining employees satisfaction and well-being at work is vital for Nokia to perform at its best. As a goods manufacturer Nokia collaborates with its employees within formal and informal networks to allow ideas to be exchanged easily. To encourage their employees, Nokia has adapted various HR techniques including pay system, training and developing employees, and fringe benefits. Rewards

The total compensation of employees aims to not only maintain a healthy working environment, but to also fulfill Nokia’s goal to fulfill employees potential. Nokia rewards its employees for good performance, competence development, and company success rewarding higher performance and contribution with higher rewards. Every employee receives an annual base salary according to his or her position in the firm. Together with the annual base salary come bonuses such as the Nokia Connecting People Bonus programme. There are also various short-term incentives both individual, team and project/program incentives. Together with annual base salary, bonuses and short-term incentives, Nokia also includes overtime pay and call-out pay as a payment system. There is also the possibility for Nokia employees to buy stocks or performance shares. To ensure a healthy work environment Nokia also gives its employee health and pension benefits. Professional and Personal Growth

The employees of Nokia are encouraged to fulfill their potential. Nokia tries to achieve this by encouraging employees to develop their own competencies and to stay up-to-date with technology to allow maximum performance. An own development plan is made by the employees and they are also encouraged to take advantage of the variety of...
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