Analyze the factors that need to be considered in determining employees’ compensation in order to avoid wage dispute.
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Compensation of employees has become a challenging topic in the management of human resources today. Analyze the factors that need to be considered in determining employees’ compensation in order to avoid wage dispute.
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- Discuss how Human Resource Management integrates the company's strategy and goals with the correct approach to managing the company's human resources ?Investigate the degree to which human resources are related to the other factors (project management, product design, process strategy, location decisions, layout decisions, etc.). Identify inefficiencies in the way that human resources are utilized in a business at which you have worked in the past or with which you are familiar. Describe ways in which the inefficiencies that you have identified could be reduced or eliminated. Define what changes would be required to job designs in order to implement your suggested strategies for eliminating the inefficiencies. Identify how the way people are measured might need to be adjusted as a result of your suggestions. Explain whether additional compensation might need to be offered as a result of your plan to change job designs and work measurements. Support your rationale with examples.Identify and describe three or more Human Resource Management Jobs for the future , the typical educational background of future HR professionals, and explain how these jobs will impact the other functions of the organization, as well as the organization's strategic plan.
- Human resources managers must determine the number of employees needed for a job, and they do this byCompanies like Google may or may not have their own products, but their primary business is service. With the aid of appropriate examples, discuss at least five (5) features of service work that have implications for human resource management. Additionally, explore the two (2) forms of flexibility in the workplace and evaluate the type of flexibility which Google adopted in dealing with the pandemic.Compensation and benefits is an activity that is normally managed by the Human Resource Manager. It is focused on employee compensation and benefits policymaking and management. Compensation includes pay for work and other financial rewards for performance. a. Define the term benefits (2 marks)b. State any five components of employee benefits. (5 marks.
- “Human Resource Management (HRM) is the strategic approach to the effective management of people in a company or organization such that they help their business gain a competitive advantage”. Please expand what is/are the overall purpose of human resources (HR) is to ensure that the organization is able to achieve success through people, and manage the human capital of an organization and focus on implementing policies and processes.The human resource management function of an international business often is responsible for international labor relations. The successful management of the potential conflicts between labor and management will affect the strategic choices and effectiveness of a business. Strategically, businesses need to consider how international labor relations issues affect the choices a business has, particularly in the globalization of production. Organized labor will definitely affect pursuit of transnational or global standardization strategies. One task of the HRM function is to foster harmony and to minimize conflict between labor and management.What is the impact of electronic commerce in the field of human resources?