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Compensation Management Efficient Methods

Compensation Management Efficient Methods

          
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About the Book

Can efficient reward strategy encourage employee individual skills through the HR development of a firm's human capitals in organization?It will need long time to implement HR development in any organization, if the organization decides to implement long term HR development strategy, e.g. it can provide formal and informal training experiences, such as basic skills training, on-the-job experience, coaching, mentoring, and managemet development can further influence employee individual skills to be improved in other to achieve raising productive efficiency to every department.Other raising productivity and efficient method is that employee psychological method. The HRM practices can attempt to encourage employees themselves motivates to work both harder and smarter. So, when some employees have higher skills, they can do tasks more better, but these igher skillful employees limit their effort to work in lazy. So, their productive efficiency can not achieve the best performance. The question is concerned how to persuade or encourage them to motivate and perform work hard? The solution may be performance appraisals that assess individual or work group performance, linking these appraisals to incentive compensation systems, the use of internal promotion systems that can focus on employee merit, e.g. the performance evaluation may have three levels: excellent performance, good performance and poor performance three levels. Thus, the oftenhigh performance employees can earn more reward to compensate their efforts or promote them to higher positions in short time in order to persuade how they perform their tasks to improve their productivities and efficiencies in short time.The another raising productive efficient method is to change organizational culture to be better. It seems that organizational culture can influence turnove. I shall assume that it has relationship between productivity and organizational culture. For example, if the organization's culture or policy is not one punishment method. Then, it can enourage the lazy workers to apply many leaving pay holidays and the lazy workers will be encouraged to absence and the absenteeism number will increase. It needs to change its traditional organizational culture in order to threaten the lazy employees need to hard to work. When the firm changes punishment method to treat these often absent employees, then these lazy workers number will be possible to reduce, due to they do not want be punished. When the organization has punishment method and disciplinary actions to treat the employees who have higher absenteeism, due to they feel afraid to be punished. Thus, the positive consequencey may be increasingly product quality and direct labor efficiency, lower absenteeism, and labor high teams increased productivity.In conclusion, it seems that when one organization can achieve to implement one long term reward development strategy to its any departmental employees, it have more chance to bring long term raising productivities and efficiencies and improving employee individual behavioral performance consequence


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Product Details
  • ISBN-13: 9798615528910
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 254 mm
  • No of Pages: 170
  • Series Title: Organizatonal Behavior
  • Weight: 349 gr
  • ISBN-10: 8615528918
  • Publisher Date: 19 Feb 2020
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 9 mm
  • Width: 203 mm


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