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THE GLOBAL CONTEXT FOR HRM

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THE GLOBAL CONTEXT FOR HRM INTRODUCTION Strong competition leads most organization towards globalization to achieve competitive advantage. However internationalization has a set of challenges of its own such as legal knowledge, labour market knowledge, political and economic challenges. Organization requires to perform certain changes in how they do business to meet the local countries' requirements, including (but not limited to) the management of human resource in a geographically dispersed workforce. DEFINITION OF HRM “According to Byars & Rue (2006 )Human resource Management is defined as a system of activities and strategies that focus on successfully managing employees at all levels of an organization to achieve organizational goals. It is the philosophy, policies, procedures, and practices related to the management of people within the organization.                                                    https://www.youtube.com/watch?v=kqr8r8r95x0 What

REWARD MANAGEMENT

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Reward management During my recent discussion with the senior management    it has been observed that all employees were receiving the same annual increment despite their performance and contributions made to the organization. Performance evaluations are conducted to ensure that employees have aligned their objectives to the organizational vision and mission and to understand each employee’s contribution and rate them accordingly. It outlines the behavior   and skills expected in return from the employee (Armstrong, 2012, p. 322) for the extrinsic rewards given by the employer Motivation theory is one of the most important theories in Human Resource Management (HRM). It explains what organizations can do to encourage people to apply their efforts and abilities in ways that will further the achievement of the organization’s goals as well as satisfying their own needs (Armstrong, 2001, p. 155). There are a number of methods to motivate people such as rewards, punishments, actions t

HOW TO MOTIVATE TEAM IN CRISIS SITUATION

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How to Motivate Team in crisis situation Introduction -“All organizations are concerned with what should be done to achieve sustained high levels of performance through people.” (Armstrong, 2001, p.155) Motivation theory is one of the most important theories in Human Resource Management (HRM). It explains what organizations can do to encourage people to apply their efforts and abilities in ways that will further the achievement of the organization’s goals as well as satisfying their own needs (Armstrong, 2001, p. 155). There are a number of methods to motivate people such as rewards, punishments, actions to satisfy needs, psychological processes, etc.   “A team is a collection of individuals who are interdependent in their tasks, who share responsibility for outcomes, who see themselves and who are seen by others as an intact social entity embedded in one or more larger social systems (for example, business unit or the corporation), and who manage their relationships ac