Human Resource Management Questions and Answers - 4846 Words

QUESTION ONE Introduction Humans are an organization s greatest assets; without them, everyday business functions such as managing cash flow, making business transactions, communicating through all forms of media, and dealing with customers could not be completed. Humans and the potential they possess drive an organization. Today s organizations are continuously changing. Organizational change impacts not only the business but also its employees. In order to maximize organizational effectiveness, human potential—individuals capabilities, time, and talents—must be managed. Human resource management works to ensure that employees are able to meet the organization s goals. Human resource management is responsible for how people are†¦show more content†¦2. Performance Appraisals Once a talented individual is brought into an organization, another function of HRM comes into play—creating an environment that will motivate and reward exemplary performance. One way to assess performance is through a formal review on a periodic basis, generally annually, known as a performance appraisal or performance evaluation. Because line managers are in daily contact with the employees and can best measure performance, they are usually the ones who conduct the appraisals. Other evaluators of the employee s performance can include subordinates, peers, group, and self, or a combination of one or more. Performance appraisals serve several purposes, including:(1) guiding human resource actions such as hiring, firing, and promoting; (2) rewarding employees through bonuses, promotions, and so on;(3) providing feedback and noting areas of improvement; (4) identifying training and development needs in order to improve the individual s performance on the job; and (5) providing job related data useful in human resource planning. 3. Compensation and Benefits Compensation (payment in the form of hourly wages or annual salaries) and benefits (insurance, pensions, vacation, modified workweek, sick days, stock options, etc.) can be a catch because an employee s performance can be influenced by compensation and benefits, and vice versa. In the ideal situation, employees feel they are paid what they are worth, are rewarded with sufficientShow MoreRelatedGary Dessler Human Resource Management 14th Edition1672 Words   |  7 PagesGary Dessler Human Resource Management 14th Edition.pdf Download Gary Dessler Human Resource Management 14th Edition.PDF Now Gary Dessler Human Resource Management 14th Edition - Are you looking for ebook gary dessler human resource management 14th edition PDF? You will be glad to know that right now gary dessler human resource management 14th edition PDF is available on our online library. With our online resources, you can find gary dessler human resource management 14th edition easily withoutRead Morethe biggest challenges and biggest opportunities facing new managers entering industry883 Words   |  4 Pages‘Leadership Management in the UK - The Key to Sustainable Growth’ [online] available from [05 November 2013] Source type This paper has been written by the Department for Business, Innovation Skills Leadership and Management Network Group (LMNG). Key contributors include Petra Wilton and Patrick Woodman of the Chartered Management Institute (CMI), Katerina Rudiger of the Chartered Institute of Personnel and Development (CIPD), David Pardey of the Institute of Leadership and Management (ILM), PennyRead MoreHuman Resource Management At Paychex, New York, Paychex Inc.1572 Words   |  7 Pagespayroll, human resources, and benefits outsourcing solutions for small to medium sized businesses. 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Furthermore, because I plan to eventually go back to Beijing toRead MoreCase Study Natural Knibbles1003 Words   |  5 PagesCase study 1 – Ralf Pierson (12495986) 1. Question: What HR issues and challenges would need to be addressed by Natural Knibbles? Answer: In order to successfully complete the transition Natural Knibbles is going to make, HR managers have to ensure that the stuff is supported during the whole process of transition. It is crucial to maintain the familiar atmosphere and inform the employees formal about the new strategy before rumors are created. This point is essential in order to make sureRead MoreAll Manager Are Human Resource Managers938 Words   |  4 Pagesâ€Å"All managers are Human Resource (HR) manager† If I want to give any comments about this at first I have to give the answer whether it is true or false? Whenever we will go for answering this question we may not able to give it straightly. We have to study it and then after a certain period we must able to give the answer whether it is true or false. So for answering this question I have analyzed it and afterward I have reached a decision and my decision is that the statement is totally true.Read MoreEssay about Fundamenals of Hr Final1589 Words   |  7 PagesFundamentals of Human Resource Management Student’s Name Institution Fundamentals of Human Resource Management True and False: Please mark either T or F in the appropriate space before the question (7 * .25 each = 1.75 points) 1. __T__ Today’s managers have found that employees do not set aside their cultural values and lifestyle preferences when they come to work. The challenge is to make organizations more accommodating to diverse groups of people by addressing different lifestylesRead MoreMgmt 410 Final Exam 100% Correct Answers1204 Words   |  5 PagesFinal Exam 100% Correct Answers Follow Below Link to Download Tutorial https://homeworklance.com/downloads/mgmt-410-final-exam-100-correct-answers/ For More Information Visit Our Website ( https://homeworklance.com/ ) Email us At: Support@homeworklance.com or lancehomework@gmail.com FINAL EXAM TOPICS/CONCEPTS WITH RELATED QUESTIONS (10) 1. 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Relate this case to Porters value chain and to its competitive model (Chapter 14). Show the ERPs contribution. 4. Enter intuitivemfg.com and report on the capabilities of their ERP product. 5. Relate this case to business planning and strategy. Answer for Question 1 ERP covers the overall processes