Hrm 500 Assignment Week 10

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| Recognizing Employee Contributions | HRM 500 Assignment 4 | | Sherry Jackson | 12/14/2014 | As an HR professional in today’s world businesses are required to create a continuous positive atmosphere. Ensuring that the right people are in the right position is a key component of the job. The challenges faced by HR professionals within this organization are important dimensions. The policies, practices, and systems that influence employees ‘behavior, attitudes, and performance as well as the employees pay is important to retain good employees. Many companies refer to HRM as involving “people practices.” HR professionals should emphasize that there are several important HRM practices that should support the organization’s business strategy: analyzing work and designing jobs, determining how many employees with specific knowledge and skills are needed (human resource planning), attracting potential employees (recruiting), choosing employees (selection), teaching employees how to perform their jobs and preparing them for the future (training and development), evaluating their performance (performance management), rewarding employees (compensation), and creating a positive work environment (employee relations). An organization performs best when all of these practices are managed well. At companies with effective HRM, employees and customers tend to be more satisfied, and the companies tend to be more innovative, have greater productivity, and develop a more favorable reputation in the community. * Two methods an HR professional could use to determine incentive pay are as follows: 1.) One way to determine an incentive pay is Salary and benefits packages usually paid for comparable positions with similar duties and responsibilities in the private, non-profit and government (non-Federal) sectors; the desirability of the duties, work or
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