HRM Functions: Training and Management Development

Having selected the manager for the job, he or she must be trained. However, it is not sufficient to provide training only for the manager: the whole family must be trained. Training should include at least two phases. Pre-departure training should focus on language, history and culture for the whole family and on job-specific training for the manager. On arrival in the new country two or three weeks without too much job-related activity should be allowed for adaptation to the new culture. Transition training should continue with language and culture training as well as meetings at which the new expatriates have the chance to mix with local residents and other foreign nationals. Caring for expatriate managers does not cease at this point. The home office must remain alert to the need to provide psychological support in a variety of ways and to convince expatriates that they are not being disadvantaged Continue reading

Objectives of Compensation Management

The basic objective of compensation management can be briefly termed  as meeting the needs of both employees and the organisation. Since both these  needs emerge from different sources, often, there is a conflict between the two.  This conflict can be understood by agency theory which explains relationship  between employees and employers. The theory suggests that employers and  employees are two main stakeholders in a business unit, the former assuming the  role of principals and the latter assuming the role of agents. Objectives of Compensation Management The compensation  paid to employees is agency consideration. Each party to agency tries to fix this  consideration in its own favor. The employers want to pay as little as possible  to keep their costs low. Employees want to get as high as possible. The  compensation management tries to strike a balance between these two with  following specific objectives: 1. Attracting and Retaining Personnel From organisation’s Continue reading

Methods of Job Evaluation

For fixing compensation to different jobs, it is essential that there is  internal equity and consistency among different job holders. Job evaluation is the process of determining the relative  worth of different categories of jobs by analyzing their responsibilities and,  consequently, fixation of their remuneration.  The basic objective of job evaluation is to determine the relative  contributions that the performance of different jobs makes towards the  realization of organisational objectives. There are four basic methods of job evaluation: ranking method, job  grading method, point method and factor comparison method. Out of these, first  two methods are non-quantitative and also known as traditional, non-analytical  or summary methods. The last two methods of job evaluation are quantitative, also known as  analytical methods, and use various  quantitative techniques in evaluating a job. The basic difference between qualitative and quantitative methods of job evaluation is in terms of; Consideration of the job as a Continue reading

External Sources of Recruitment

External sources of recruitment seeks applicants for positions from sources outside the company.  External employees already worked for major companies or competitors have better understanding of business strategy and competitive market. Though recruiting external candidates might be tougher but it has some positive effect on business. They have outnumbered the internal sources of recruitment. The various external sources include: Professional or Trade Associations : Many associations provide placement service to its members. It consists of compiling job seeker’s lists and providing access to members during regional or national conventions. Also, the publications of these associations carry classified advertisements from employers interested in recruiting their members. These are particularly useful for attracting highly educated, experienced or skilled personnel. Also, the recruiters can zero on in specific job seekers, especially for hard-to-fill technical posts. Advertisements : It is a popular method of seeking recruits, as many recruiters prefer advertisements because of their Continue reading

The Concept of Career Planning – Definition, Objectives and Process

Career is viewed as a bunch or collection of jobs or positions. Generally, it describes an applicable career path within the structure of the organization. Basically, it shows the principal personnel development paths within the organization. The etymology of the term derived from the Latin word career, which means race. All the jobs, that are held together during one’s working life, constitute career. It is also viewed as the sequence of positions held by an individual during the course of his employment life. Edwin B. Flippo defined a career, as a sequence of separate but related work activities that provide continuity, order and meaning in a person’s life. A career may be viewed as amalgamation of the changes in values, attitudes and motivation an individual embrace, as he or she grows older. This constitute subjective element of the concept “career”. Greenhaus and Schein described several themes underlying different definition of Continue reading

How Blockchain Transforms the Recruitment Process?

Recruiting is a complex practice that requires keen analysis of the data. In recruitment, various issues are put into consideration before the employer settler in a particular job seeker. Before a hiring decision is reached, there is a various measure that job seeker and employer go through. During this process, there is a lot of data exchange between the two the job seeker, and the employer that is the job seeker must provide a set of personal information that is essential during the recruitment process. When passing this sensitive information, the job seeker trust that the employer will handle this information with care and on the other hand, the recruiter is entrusting that all information provided by the job seeker is accurate. Failure of either party to uphold their end of bargain eventually lead to delay or to emerge of the issues that prohibit the candidates from filling this gap. Continue reading