Human Resource Management, Wages and Salaries - 3036 Words

Introduction Human Resource Management is a distinctive approach to employment management which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce, using an integrated array of cultural, structural and personnel techniques. Extensive training and culture management programs, individualized reward management systems, as well as a range of employee involvement mechanisms, all operate towards achieving enhanced employee contribution. It is a whole range of notions on management theory, style and practice. Perhaps most usefully considered as a generic term that covers the entirety of work organization, working terms and conditions and representational systems, HRM can be depicted†¦show more content†¦This concept of the relationship between an employee and the organization has been accepted and noted in many different forums, including academic journals; practitioner journals; and management textbooks (De Meuse Marks 2003). While an employees formal employment contract always is based on a written document, the types of promises contained in an employees psychological contract typically are communicated in ways that do not involve written documentation. For example, an employees understanding of the psychological contract may be influenced by oral discussions with managers, recruiters, or other organizational representatives and construed from specific organizational practices and procedures. Because of the pervasive norms of reciprocity that are part of any exchange agreement between an individual and his or her organization, an individual often expects, seeks out, and creates a psychological contract as a means for understanding and representing the employment relationship with the employer (De Meuse Marks 2003). Organizations can respond to an employees psychological contract to varying degrees, including going beyond the conditions of the contract, thereby honoring the intent rather than the letter of the contract; complying with the contractShow MoreRelatedThe Human Resource Management ( Hrm ) Position Specific Education1595 Words   |  7 Pageson a human resource management (HRM) position specific education and requirements need to be meet. A bachelor’s degree is the education needed to obtain a job for this occupation. Most bachelor programs for human resource management take four years to complete (Human Resources Management Degree, 2003). With a bachelor’s degree it will give the tools that are expected to enter a variety of business settings (7 Essential Questions, 2015). A bachelor of arts or a bachelor of science in human resourceRead MoreEqual Wage Essay1046 Words   |  5 Pagesand women’s wages are equalized. It is clear that the business case, as well as the legislative case, has a significant role to play (Commission Policy Report). There are some factors which stop or slow equal pay for genders. These are behavioral factors, corporate culture and policies, human resource practices and social and environmental factors (Giapponi and McEvoy, 2006). Behavioral factors are related with lack of awareness of pay inequity. Women do not aware or do not mind wage inequity becauseRead MoreComparison Of Public Human Resource Management Between China And United States1684 Words   |  7 PagesComparison of Public Human Resource Management between China and United States In nowadays, people pay more and more attention to the government’s central position in the economy and the society. An effective government, regarding to the economy, the society and even the government development is absolutely necessary. The various countries experience indicated that, an effective government surely is a function limited government, behavior legally achievement government, authority multi- centersRead MoreComparison of Public Human Resource Management Between China and United States1697 Words   |  7 PagesComparison of Public Human Resource Management between China and United States In nowadays, people pay more and more attention to the government’s central position in the economy and the society. An effective government, regarding to the economy, the society and even the government development is absolutely necessary. The various countries experience indicated that, an effective government surely is a function limited government, behavior legally achievement government, authority multi- centersRead MoreHuman Resources Management– Case Study1421 Words   |  6 PagesHuman Resources Management– Case Study Human resource management refers to a series of human resources policies and the corresponding management activities. These activities include corporate human resources strategy, employee recruitment and selection, training and development, performance management, compensation management, staff flow management, employee relationship management, employee safety and health management, etc. Namely: enterprise modern management method, is used to obtain (candidate)Read MoreThe Fair Labor Standards Act Essay1747 Words   |  7 Pageswork week and minimum wage. Initially, the minimum wage was $0.25 per hour, along with a maximum workweek of 44 hours for the first year, 42 for the second year and 40 thereafter. Minimum wages of $0.25 per hour were established for the first year, $0.30 for the second year, and $0.40 over a period of the next six years. Other provisions set standards for overtime compensation and banned products of child labor from interstate commerce. A Wage and Hour Division (WHD)Read MoreMBA semester 1 assignments970 Words   |  4 Pagesï » ¿Get Answers of following Questions on www,smuhelp.com Master of Business Administration- MBA Semester 1 Winter 2013 MB0038 - Management Process and Organizational Behaviour Q1. What do you mean by Span of Control? Differentiate between narrow span of control and wide span of control. Describe the factors that influence the span of control. Q2. Define the term controlling. What are the pre-requisites of effective control? Q3. Define the term ‘personality’. Describe Cattell’s Personality FactorRead MoreHr Theories of Motivation1667 Words   |  7 PagesAnother possible investment is improving the way a company manages its people – tends to receive less attention. Human Resource Management is very important for business as it involves a variety of activities that deal with the ‘human side of organisation’ (Griffiths and Wall, 2005). Armstrong claims (1999) that â€Å"HRM can be regarded as†¦ a strategic and cohered approach to the management of an organization’s most values assets - the people working there who individually and collectively contributeRead MoreAssignment1202 Words   |  5 PagesCompensation Management in corporates amp; components of compensation | By Regu Krishnan   Dy. Manager Ford India    | Introduction:- The increasing competitiveness of the labour market and turnover of employees had resulted in nightmare in compensation planning. Apart from this, the growing demands of the employees and competitive salaries offered by multinational companies had almost resulted in a compensation war in certain industries. Therefore, the human resources managers andRead MoreCompensation Management : Employee Management Essay1544 Words   |  7 Pages1. COMPENSATION MANAGEMENT In employment contract, the most important term is the remuneration package that goes with labour service. According to International Labour Organization (ILO), describes remuneration as payment system based on effort, productivity and performance. In actual facts remuneration refers to salary or wage and all allowances and financial benefits payable to a worker either in kind or cash in return for his price of labour. In actual facts, employees work or labour to procure