Lesson 6 Discussion Forum 1: 300 Words minimum
Congratulations! You have recently been promoted and are the company’s new Human Resources Manager! You have offices in several countries, so how would you evaluate different compensation packages for employees who are located throughout the world?
Your discussion is to be submitted in 12-point Times New Roman font using APA format with a minimum of two sources
Reply to 2 posts: 160 Words each
Reply to post 1:
In the modern business age, organizations are increasingly able to identify the importance of employees and feeling like employees are the key assets for the business. To satisfy the key customer needs, organizations are increasingly implementing the compensation plans so that they can encourage the employees by giving the positive rewards and other benefits (Rodríguez, 2013).
The role of newly promoted human resource manager in the organizations mainly focuses on the revising existing policies so that they can keep the balance over current organizational plan and other crucial components of the business. The newly promoted human resource manager should implement the fair compensation policies when organizations have several branches across the world and take the location constraints into consideration (Rodríguez, 2013).
The HR managers should keep the focus on analysis of several benefits on the compensation plan and take the best decision to satisfy the employees in the organizations. Smart HR managers in the organizations know the importance of employees hence they try to take all the possible steps so that they can retain the skilled staff in the organizations and make the complete balance over the compensation plans. Compensation plan includes the wages, salaries, bonuses etc. can motivate the employees and help the organizations to improve the productivity by end of the day (Harris & Jobe, 2015).
Reply to Post 2:
In the modern business age, organizations are increasingly able to identify the importance of employees and feeling like employees are the key assets for the business. To satisfy the key customer needs, organizations are increasingly implementing the compensation plans so that they can encourage the employees by giving the positive rewards and other benefits (Rodríguez, 2013).
The role of newly promoted human resource manager in the organizations mainly focuses on the revising existing policies so that they can keep the balance over current organizational plan and other crucial components of the business. The newly promoted human resource manager should implement the fair compensation policies when organizations have several branches across the world and take the location constraints into consideration (Rodríguez, 2013).
The HR managers should keep the focus on analysis of several benefits on the compensation plan and take the best decision to satisfy the employees in the organizations. Smart HR managers in the organizations know the importance of employees hence they try to take all the possible steps so that they can retain the skilled staff in the organizations and make the complete balance over the compensation plans. Compensation plan includes the wages, salaries, bonuses etc. can motivate the employees and help the organizations to improve the productivity by end of the day (Harris & Jobe, 2015).
Lesson 6 Discussion Forum 2: 300 Words minimum
What are some key performance indicators that are used by organizations in which you have been employed? How did managers explain the importance of these KPIs, and were any rewards tied to them?
Your discussion is to be submitted in 12-point Times New Roman font using APA format with a minimum of two sources.
Reply to 2 posts:
Reply to post 1:
A key performance indicator is a method used to value the performance outcomes on techniques shown by business companies for the aim of achieving key business benefits and achievements.
a) What are some key performance indicators that are used by organizations in which you have been employed?
For the organizations to perform well and gain some performance the following attributes are done in my working organization to gain satisfaction.
i)Strategic workforce plan which can be designed by the employers to come up with the exact number of employees giving service and also calculating the number of retired employees for the security purposes for that retired personnel not to gain advantages than the ones working considering age limit(Medne, & Lapina, 2019).
ii) Net profit and gross income
The analysis is done every time to calculate the total gross income and also the net profit to the organization to know how it performs in terms of business success and how the profit is generated either positively or negatively.
b) How did managers explain the importance of these KPIs, and were any rewards tied to them?
According to the manager’s explanation on the importance of KPIs is that they support and give at the same time give motivations to employees who seriously show the highest level of determination when working leaving the underperforming employees with fewer benefits (Nallusamy, 2016).
Reply to Post 2:
A Key Performance Indicator is a measurable worth that exhibits how adequately a company is accomplishing key business objectives. Organizations use KPIs at various levels to assess their prosperity at arriving at targets. Making do with KPIs frequently implies attempting to improve driving indicators that will later drive slacking benefits. Driving indicators are antecedents of future achievement; slacking indicators show how effective the association was at accomplishing results before. KPIs can be utilized to follow the operational performance of offices, activities or people against targets or goals. They can give an administration instrument to picking up understanding and dynamic. Developing significant KPIs that track, and obviously envision performance takes some arranging. Each KPI needs to address a particular business objective, and give ideal, precise data to evaluate progress towards goals (Parmenter et al, 2009).
KPIs allow executives to communicate the crucial focal point of the organization to financial specialists, colleagues, and different partners. As KPIs channel through the organization, they should catch employees’ eye to ensure that everybody is moving together the correct way and conveying an incentive to the business (Lake et al, 2019). Representative confidence, culture and limit, among others, all add to performance. KPIs improve performance management by permitting everybody to perceive what they’re doing, however what others are doing as well.