The HRM team of a large insurance company decided to come up with an online performance evaluation form for management employees. The HR head thought that it would be a good idea to revise the existing form before submitting it to the IT department for conversion to digitized format. The HR head also wanted to use the balanced scorecard as part of the evaluation process. 1. Show how your evaluation form would look like, incorporating all the criteria you need for management evaluation and components of the balanced scorecard
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- The HRM team of a large insurance company decided to come up with an online performance evaluation form for management employees. The HR head thought that it would be a good idea to revise the existing form before submitting it to the IT department for conversion to digitized format. The HR head also wanted to use the balanced scorecard as part of the evaluation process. 1. In addition to the components of the balanced scorecard, what other criteria should be used for evaluating management employees? Explain each criterion briefly.Q2-The CEO of Japan Moto Mobile Company asked you to cut the cost from $2.5 Million to $2 Million. According to your understanding as a HR Manager, what strategies you will make for the Organization to cut the cost? You can use the diagrams as well. Q3-Effective recruitment and selection are the pre-conditions for achieving higher employee’s performance and ultimately achieving the organization's objectives. Discuss the validity of this statement.Cynthia handed in her resignation letter because she received a better offer from another However, her company tried to negotiate with her by raising her salary because she is a reliable employee. Which of the following HR activities is being described by the scenario? a. Retaining c. Rewarding b. Retooling d. Reviewing 2. Analyze the following statement: Statement I: Retooling and recycling are under the people-strategic function of HR. Statement II: Systematic-operational function of HR is responsible for the hiring and placing of people in the organization. a. Statement I is correct. Statement II is incorrect. c. Both statements are correct. b. Statement I is incorrect. Statement II is correct. d. Both statements are incorrect. 3. Gina receives an additional incentive for completing her attendance for the past six (6) months, which means she did not take a leave, no absences, and zero Which of the following HR activities is being described by…
- HRM plays a strategic role in driving organizational performance? Which technique is more appropriate to increase employee performance write down your own opinion.A private corporations new CEO took over with the mission of preventing a competitor's proposed takeover. There is a low level of morale, unsatisfactory staff performance standards, and a larger turnover rate than the competition. The performance of the company has been subpar generally due to these and other issues. You are employed in the HR department. A formal report outlining the implementation of the 360-degree rating system to pinpoint performance improvement areas has been requested by the CEO. Mention the stakeholders involved in the process and the respective roles they each perform in your report. Suggest the best practices for appraisal that can be used with the method.When it comes to collecting and analyzing data to make new and better products, few companies can do it as well as Google. Recently, the company decided to apply its expertise in information technology to answer an important question: since it is people who make the difference between a good company and a great company, can a data analysis approach be used to improve Google's HR management function? If this approach worked for Billy Beane, it might as well work on Google, right? Remember from Chapter 2 that Beane, manager of the Oakland Athletics, significantly improved player, and team performance with the use of data and statistics. (Actor Brad Pitt embodied Beane's efforts in the movie Moneyball.) One of the things Google wanted to know was whether it could "make" better bosses. Because? Because despite the large number of perks that Google workers receive, their employee turnover rate is surprisingly high. It has been said that the main reason people leave their jobs is because of…
- A company's planned turnaround project failed. Upon learning the results of the evaluation, the senior management summoned their managers for a work meeting. The most recommended action, based on such results, is: Select one: a.Continuously analyze your own guidelines, define your organizational values and competencies, and set your specific indicators, to adapt to new realities. b.Review the emotional aspects and insist on the rational elements. c.Provide performance evaluation reports. d.Pay attention to the big problems, as well as the small ones.Human Resource Accounting (HRA) plays an important role in picking up the overall value of an organization, unfortunately, a majority of the Indian organizations are neglecting this issue. If HRA is also considered as one of the individual valuation elements which deserve more importance and consideration, the value of the organization will be more than what is depicted by the traditional financial statement. What needed is measurement of abilities of all employees in a company, at every level, to produce value from their knowledge and capability. “Human Resource Accounting (HRA) is basically an information system that tells management what changes are occurring overtime to the human resources of the business. Keeping the discussion in mind explain different ways of computing HRA and benefits of HRA.17- Five new products are going to be introduced by an organization. This same organization is opening two new offices and one factory next year. The profitability of the organization has increased by ten percent over the previous year. All this information has to be given by the manager to the customers, media and shareholders of the organization. Which role is performed by HR manager in this scenario? a. Mediator role b. Conscience role c. Change agent role d. Spokesman role
- Complete the sentence by choosing the correct response from each of the drop-down lists. When developing a staffing plan, HRM managers should develop a plan to recruit (the least experienced workers possible to save costs, a list of internal referrals, the most experienced professionals, a diverse group of applicants), recruit to fill open positions, and then (make sure the candidates fit the current culture, select the candidates requesting the lowest salaries, interview and create compensation packages, review resumes and hire) to fill the positions.Q5: a) “Training is the only solution for every problem regarding performance deficiency prevailing in the organization”, how will you evaluate this statement? b) Why should HRM conduct a “Background Investigation” during selection process?A private corporations new CEO took over with the mission of preventing a competitor's proposed takeover. There is a low level of morale, unsatisfactory staff performance standards, and a larger turnover rate than the competition. The performance of the company has been subpar generally due to these and other issues. The CEO is requesting the HR division for clarifications and potential change recommendations and has requested a report detailing the differences between Compensation Systems and Employee Benefits in order to determine the degree to which they boost workplace morale.