Jinnikins Jeans has carved out a reputation for itself based on its easy informality of business and product style. But this uniqueness of style is also sometimes the undoing. With respect to HRM practices, especially when it comes to formulating employee compensation programs, the model of ad hoc decision making that had prevailed in the…
Tag: HRM
With reference to motivation theory discuss the psychological foundations of pay
Financial reward or pay is a core component of employee motivation. Eminent thinkers such as Maslow, McGregor, Tolman, Locke, Pavlov, etc have contributed to our understanding of workplace motivation. Based on a synthesis of their theories, we are in a position to ascertain how key a role pay plays in motivating employees and enhancing their…
Walmart: the relationship between HRM, business performance and employee welfare in the organisation
What do you understand by the term ‘employee welfare’? Employee welfare refers to the array of benefits (either monetary or as services) salaried employees are entitled to during their term of association with a company. Usually employee welfare measures include contributions to the pension fund, health insurance coverage, offering stock options, providing paid leave, etc….
Recruitment and Hiring: Key laws, regulations and principles
Recruitment and Hiring is an important aspect of Human Resources Management, for it is here that candidate employees first come into contact. In recent decades, the process of interviewing and screening candidates for possible employment has become more systematic and sophisticated. Corporate laws have also caught up with the needs of organizations. Vice versa, more…
The advantages and disadvantages of using an employee referral campaign for recruitment purposes
There are both advantages and disadvantages in using an employee referral campaign (ERC) for recruiting staff members. A clear advantage is that a new candidate is brought to the notice of the management by an incumbent employee. And if the reputation of the incumbent worker is impressive, it can then be taken as a rough…
Do workers no longer need a trade union as management takes care of their needs and views?
Modern management theory and practice pay scant attention to the value or relevance of trade unions. It is believed by modern managers that the Human Resource Management department is sufficiently equipped to address employee concerns and grievances that no other form of representation is needed. But empirical evidence does not support this assertion. If anything,…