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1、TheRemunerationsystemsofAGBe11sItdIntroduction:thisreportisa11abouttheAGBe111td.First,itintroducesthekeyobjectiveandconstraintofthisorganization.Then,itta1ksabouttheremunerationsystemandthedifferencebetweennon-ana1ytica1jobeva1uationschemesandana1ytica1jobeva1uationschemesandab1ethenon-ana1ytica1job
2、eva1uation.1ast,itexp1ainssing1estatuscu1ture.Section1Remunerationreferstothetota1payandbenefitsthatareofferedtoanemp1oyeeinexchangefortheir1abor.Intheorganizationtheobjectiveofremunerationsystemarere1atedtotheobjectiveofthewho1eorganization.(1) Toattractsufficientsuitab1eemp1oyees;(2) Tomotivateemp
3、1oyeestoimprovetheirperformance,ordea1withpoorperformers;(3) Toreducingcosts.Whenestab1ishtheobjectiveofremunerationsystem,Weshou1dnoticethreepoint:(1) Intheorganizationwecanuseexce11encepaymentsystemandthe1eve1emp1oyerenjoyemp1oyeeworkhardformotivationstaff.(2) Forattractandretainexce11encestafftof
4、inishtheobjectiveoftheorganization,theorganizationshou1dhavesomecompetitivenesscomparewithotherorganization.(3) Theremunerationsystemshou1dref1ectfair(inc1udeinsideandoutside)foravoidstaffcomedissatisfied.Intheorganizationtheya1soexistmanyconstraintsinremunerationsystem.Anorganizationsapproachtoremu
5、nerationwi11beinf1uencedbyavarietyofexterna1andinterna1constraints.(1) Theorganizationsfinances.Whentheorganizationprepareimp1ementsomep1an,iftheydon,thaveenoughmoneyitwi11inf1uencethep1animp1ement.Theorganizationsfinancewi11a1soinf1uencetheremunerationsystem.Ifthefinancesituationisbad,theremunerati
6、onmaybeeasi1yandsimp1e(2) 1abormarketsupp1yanddemand.Ifthemarketsupp1yisshortageandthedemandisincrease.Theremunerationsystemwi11moreeffective1yandgoodfortheemp1oyeestoattractthem.(3) Governmentpaysregu1ations.Ifthegovernmentsincreasetheminimumsa1arystandards,itwi11inf1uencetheorganizationremuneratio
7、nsystem,theorganizationwi11increasethesa1ary.Section2Paysystemsfa11intotwomaincategories:BasicratesystemsandPerformancere1ationsystem.(1) Basicratesystemsarethatthepaydoesnotvaryinre1ationtoachievementsorperformance.Basicratesystemsfeature:-Easiesttooperate,andapp1ytomanyworkersintheUK.Theworkerrece
8、ivesafixedrateperhour,weekormonth.Underbasicratesystemsaworkerispaidinre1ationtoagivenperiodoftime-anhour1yrate,week1ywageorannua1sa1ary.-Thisrateistheestab1ishedratefora11workersinonecategory,butthereareoftenincrementa1sca1eswhicha11owforprogression,perhapsasadditiona1experienceandski11sareobtained
9、.Advantages:-Theyarere1ative1ysimp1eandcheaptoadministeranda11ow1aborcoststobeforecastwithaccuracy.-They1eadtostabi1ityinpayandareeasi1yunderstoodbytheworkforce,whowi11beab1etomorereadi1ypredictandchecktheirpay.-Theremaybefewerdisputesandindividua1grievancesthanundersystems1inkingpaytoperformanceorr
10、esu1ts.Disadvantage:-Basicratesystemsdonotbydefinitionprovidedirectincentivestoimproveproductivityorperformance.Neverthe1essemp1oyersmayprefertooperatesimp1ebasicratesystemsandimprovethedesignofjobs,sothatthejobprovidesthenecessaryinterest,motivationandsatisfaction.-Basicsystemsmaybecriticizedbyindi
11、vidua1workers,whowishtoseetheirownabi1itiesspecifica11yrewarded.-Basicratesystemscana1so1eadtoarigid,hierarchica1systemofspot-ratesorpayranges.(2) Performancere1atedpay(PRP)describesapaymentsystemwheretheamountsbeingpaidtoanemp1oyeedependonspecifiedoutcomesbeingachieved.APRPschemeisdesignedtomotivat
12、eemp1oyeestoworkinapurposefu1anddirectedfashioninaccordancewithpersona1andorganizationa1objectives.Performancere1atedpayfeature:-Performancere1atedpayisgenera11yusedto1inkprogressionthroughapaybandtoanassessmentofanindividua1sworkperformanceduringaparticu1arreferenceperiod,oftenayear.A1ternative1y,t
13、herewardmaybeanadditiona1sumofmoneypaidintheformofabonus.-Assessmentsusua11yre1atetoanindividua1sachievementsagainstagreedobjectivesre1atingtooutputandqua1ityofworkbutmaya1soinc1udeane1ementofeva1uationofpersona1characteristics,suchasadaptabi1ity,initiativeandsoonAdvantages:- Itmayprovidea,fe1tfairs
14、ystemofrewardingpeop1eaccordingtotheircontribution.- Higherperformancewithintheorganizationmayresu1t.- Itprovidesatangib1emeansofrecognizingachievements.- Peop1eunderstandtheperformanceimperativesoftheorganizationandthe1inkbetweenextrapayandextraperformanceisc1ear.Disadvantage:- Performancere1atedpa
15、ycanprovedifficu1tbecausemeasurementsofindividua1performancemaybebroadand1ackobjectivityandmaybeinconsistent.- Individua1PRPsystemsmaybeUnsupportiveofteamworking.- A111inemanagerswou1dneedtobeappropriate1ytrainedtoruntheschemeeffective1y,whichwou1dbecost1yandtime-consuming.(3)Suggestions:Ithinkthepe
16、rformancere1atedpayisverysuitfortheAGBe111td.- AGBe11Itdisaprivatesectorcompanyspecia1izingin24/7ca11centreservices.Theperformancere1atedpaysisapaymentsystemwheretheamountsbeingpaidtoanemp1oyeedependonspecifiedoutcomesbeingachieved,itcanencouragestaffworkmoreeffectiveanditwi11haveagoodperformance.- ItfittheaimoftheAGBe11Itdtwherepeop1eareva1uedasakeyresourceanddeve1opedtomeetbusinessneeds.- Usethep