Identify the major compensation decisions that HRM managers make.
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A: 1) Compensation Plans- Compensation plans refer to a complete package that includes employees'…
Identify the major compensation decisions that HRM managers make.
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- What do you believe is contributing to the growth of the fractional HR and HR outsourcing trend? Do you expect this trend to continue?Where did the concept of performance management originate?Write a memorandum to the CEO explaining the role of HRM in terms of recruitment, selection, training and development of employees and recommended policies, practices and systems that will facilitate the achievement of the strategic plan.
- Why is it necessary for the HRM area to clearly communicate to employees human resource policies?What are the different roles that HR policies play in defining a company's organizational values?Select an HRIS and discuss the ways that this system could be utilized to manage compensation and benefits.
- Why is it important for HR managers to introduce strategic human resource management in their organizations?How can strategic human resource management be used to create a competitive advantage for organizations, and what are the key considerations that managers must keep in mind when implementing a strategic HRM approach?Describe the advantages of HR analytics for HR management.
- How does a job analysis support Compensation Management as a function of HRM?Identify the important reasons why designing and implementing employee reward systems is one of the most complex HRM activitiesDetermine appropriate proactive HR activities and policies for mitigating risk, and explain how these strategies can be used within the organization