SUPPORTING GOOD PRACTICE IN MANAGING EMPLOYMENT RELATIONS 1. The impact of employment law at the start of the employment relationship. Employment Relations is defined by David Farnham (2000: xxiii) as “that part of managing people that enables competent managers to balance‚ within acceptable limits‚ the interests of employers as buyers of labour services and those of employees as suppliers of labour services in the labour market and workplace”. The impact of employment law at the start of the
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1. Explain at least 2 purposes of performance management and its relationship to business objectives. Armstrong and Barron (1998) describe Performance Management as “a process that contributes to the effective management of individuals and teams to achieve high levels of organisational performance”. One of the key purposes of Performance Management for the organisation is to identify talent and ensure that suitable development opportunities are available for the employee so they are able to reach
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SYNOPSIS Title: Reward Management Team: Rishi Juneja and Karan Introduction The reward system emphasizes a core facet of the employment relationship: it constitutes an economic exchange or relationship. Global forces impact on pay systems. Changes in reward systems mirror changes in work design and organizations‚ and the emphasis on individual performance. The nature of reward management There are two types of rewards: Extrinsic and Intrinsic Pay or reward strategy is a plan
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REWARD MANAGEMENT The purpose of offering rewards to employees is to recognise their achievements and contributions to the organisation. Employees may be rewarded financially‚ through recognition‚ praise or the opportunity to develop new skills (Armstrong‚ 2011). If implemented correctly rewards can enhance employees productivity‚ engagement and enthusiasm towards their role and the organisation. Research also suggests that offering rewards can increase motivation‚ innovation and problem solving
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SUPPORTING GOOD PRACTICE IN MANAGING EMPLOYMENT RELATIONS 1. Describe 4 factors‚ 2 internal and 2 external‚ which impact on the employment relationship. Employment Relations is defined by David Farnham as “that part of managing people that enables competent managers to balance‚ within acceptable limits‚ the interests of employers and those of employees in the labour market and workplace”. The employment relationship is affected by: External Factors: Economy The level of economy affects
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Supporting Good Practice in Managing Employment Relations – A Guidance Leaflet The Impact of Employment Law at the START of the employment relationship 2 Internal Factors which can impact on the employment relationship • Policies & Procedures in place within the organisation – this is an important internal factor that can have an impact on the employment relationship; for example if there is job share/flexible working arrangements in place this can help to promote a work-life balance
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Supporting Good Practice in Managing Employee Relations The Start of the Employment Relationship Building successful employment relationships is important. It also makes good business sense: Organisations with good employment relationships tend to be more successful. Establishing and maintaining good faith relationships is the foundation to a successful business. Good faith generally involves using practical common sense and treating others in the way you would like to be treated
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Explain what is reward system. Describe the reward system of your organization or any organization you are acquainted with. How financial reward systems have been helping in improving organizational performance. Explain with examples. Answer. The only way employees will fulfill your dream is to share in the dream. Reward systems are the mechanisms that make this happen. However‚ reward systems are much more than just bonus plans and stock options. While they often include both of these incentives
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external that can influence these relationships; here are a few of them: Internal factors include: i. Pay and Rewards – pay and rewards attract‚ motivate and retain staff. The employment contract which lists rewards‚ whether it be pay‚ bonus or benefits can remove animosity amongst employees and employers. However‚ recent research reveals that employees are no longer motivated by a financial reward alone‚ but react positively to training and development to enhance their career progression. ii. Organization
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‘voice’ by distributing employee engagement surveys‚ which allows employees to express their views on the company and motivates employees when actions are taken from their opinions. Furthermore control of performance can also be a vital internal factor. Managing employee’s performances in the process of appraisals can motivate staff to continue reaching individual objectives which contribute to company goals. Three types of employment status and three reasons why it is important to clearly
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