Human Resources Management (HRM 590) Final Course Project Submission: Compensation Decisions Anita Craine December 9, 2012 Professor John Dibenedetto TABLE OF CONTENTS Literature Review………………………………………………………Pages 1-6 • Method of Job analysis • Importance of Task Statements and KSA Statements • Recruitment and Selection • Performance Evaluation • Compensation Resources……………………………………………….……….....Page 7 Compensation Decisions………………………………………………Pages 8-9 LITERATURE REVIEW: The role of a Human Resource department is ever changing in today’s volatile business environment. Over the years HR have become strong strategic partners within an organization by providing functions such as recruitment, …show more content…
Internal recruiting can promote growth from within the organization. Many large companies encourage internal promotion as a source of friendly corporate culture. External sources can also be beneficial if the company is looking for a fresh start or someone with some new ideas. External recruiting can help to diversify an organization while bringing in needed competencies. Hiring externally can be done through various ways such as Internet job boards, and staffing agencies. External hiring might be more costly but may provide more outstanding candidates. Whichever the organization decide internal or external, the position needed to be filled will determine the order of the search. Once you have started recruiting it is time to view your potential qualified candidates. The key in the selection process is to choose a strategy for screening your candidates so that you are able to view the people that or most qualified for the position. Organizations also make use of many outside agencies when completing the selection process. Drug screening and reference checks are often done by a third party. Many companies are beginning to incorporate assessment tests and activities into the selection process to insure additional training is not necessary for potential candidates. These screenings can be very important in weeding out the wrong candidates and keeping potential good fits for the position in place for the
Recruiting inside the organisation has both pros and cons, some of the benefits would be knowing what the person is already capable of in the job and if they are open to learning new things, how well they do in their position already and how motivated they are towards their job. There are also negatives about recruiting from inside the work place, the employee could feel overly comfortable and friendly in the job and with their colleagues resulting in them not being motivated to do work.
* The first place I would recruit would be internally. I chose this method first because what better place than to recruit directly from professionals who are connected with other professionals of the like. More than likely, someone knows someone who is looking for employment in the same field. Traditionally, companies use this method to promote from within; however, I believe this method can be used for more than this intended purpose. The network is already in place to gain a proper prospective pool of candidates, and it
Hiring internally gives the current employees more hope and will improve the problem you are facing with keeping your employees loyal to the company. Although focusing primarily on internal promotions decreases the chance of finding a stellar employee, it will solve a lot of the current problems your company is facing. I recommend that you promote current females and minorities internally. This will keep more low entry level employees motivated to stay and also improve your problems with incumbency percentages as well.
Internal recruitment methods include Job posting, Job Bidding, and employee referrals. One internal recruitment method that JetBlue used was Employee referrals. JetBlue figured that satisfied pilots would be a great source for recruiting their friends from competing airlines. The advantages of this method are that it could attract potential employees who are already aware of the company’s operations through word of mouth. The disadvantages are that the potential employee who was referred may not be as happy as the current employee once with the organization.
Bhagria, A. (2010). Roles and Functions of the Human Resource Department; Young HR Manager. Retrieved May 4, 2014, from
External sourcing of applicants means the process of sourcing employees form outside the organisation. Recruiting new employee, whether it is being done directly or through an agency, takes a long time and can require a lot of money. This is because time is needed to outline the vacancy and the type of person required, for the advertising and then the selection, process itself. In addition, if an applicant is ready working for another organisation, they will have to work their notice. The amount of notice required will depend on the
This is a good method to promote employees who are understands the organisation’s objectives and committed in achieve a common goal. It is a cheaper, easy way to recruit and managers will know the strengths and weakness of internal candidate.
Internal recruitment is another method used. It is cheaper and may be quicker to recruit. Another advantage is existing employees are already familiar with the business and how it operates. It also provides opportunities for promotion within the organisation which can be motivating for staff, and they are aware of the strengths and weaknesses of internal candidates.
If internal recruitment is not an option / has been unsuccessful, companies will the need to advertise to a wider audience. An employer will need to decide which method of recruitment is most suitable for the role and organisation. Common recruitment methods include advertising on the company’s own corporate website, using internet based jobsites, recruitment agencies, local or national press, job centre plus or employee referral schemes. The CIPD resourcing and talent planning survey (2013) lists the top 5 methods of recruitment as,
This paper goes in depth to explain the field of compensation in human resources and the importance of establishing efficient pay plans. several different factors that effect pay rates, importance of job evaluations, how to create a pay plan, trends in compensation and the different types of pay plans will all be discussed thoroughly throughout this paper. The topics of incentives will be discussed with respects to compensation. All in all, after all of the following topics are discussed thoroughly, a complete analyzation of compensation and efficient pay plans will be completed.
Internal sources come from internal company that conducts the recruitment. Recruitment using these sources is relatively quick and inexpensive. Company does not need any advertisement, head hunter or any other form of recruitment that is costly.
Organisation might need to attract a wider range of applicants using recruitment methods that will achieve greater results. External Advertsing is used as a selection method. It will help create awareness of job opportunities in the speciifed field of intrest. Advertising will keep a competetive edge over competetitors as more advertisments attract best of the job seekers.
Whether an organization consists of five or 25,000 employees, human resources management is vital to the success of the organization. HR is important to all managers because it provides managers with the resources – the employees – necessary to produce the work for the managers and the organization. Beyond this role, HR is capable of becoming a strong strategic partner when it comes to “establishing the overall direction and objectives of key areas of human resource management in order to ensure that they not only are consistent with but also support the achievement of business goals.” (Massey, 1994, p. 27)
An external recruiting method is the use of an outside source or means to recruit candidates in hopes to locate increased performance. Many external employees have prior experience being that
There are advantages as well as disadvantages of external recruitment. An important advantage is innovation. New external recruits often bring new ideas which can benefit an organization. Innovation is a key factor in order to stay competitive in the market. New employees might see problems and solutions since they often have experience due to