PEOPLE AND ORGANISATIONS: PRINCIPLES AND PRACTICE IN GLOBAL CONTEXTS (MN7234ESES)

Importance of Performance Appraisal in Modern HRM Performance appraisal is one of the important building blocks of good human resource management. It is so far from an important tool for feedback, appraising the performance of the staff, and for their professional growth. The importance of performance appraisal has become multifold with time, and it has emerged as an important process for enhancing organizational performance, engaging employees, and retaining them. In the next blog, we will further discuss how performance appraisal can play a key role in employee development and how it can be used to get the best out of the appraisal system. What is Performance Appraisal Performance appraisal is the measurements of an employee's performance from his job performance and fulfillment of the assigned work according to pre-set criteria and objectives of the organization. It isn't a tool to measure the performance given in the past; likewise, it also aids in helping out with future p...

Why Is the Selection Process Important? Selection is the part or function of HRM which plays an incredibly important role in ensuring that organizations are able to attract, identify, and employ people with the required skill, experience, and cultural fit to contribute towards the success of the organization. In other words, while recruitment provides a pool, the process of selection systematically filters this pool to identify the most suitable candidates for certain roles. The blog discusses the importance of selection in HRM, the stages of the selection process, and best practices that can help optimize this function. Importance of Selection in HRM Any selection process for an organization, if not taken seriously, could present the biggest challenge to the organization's ultimate success, as it has direct implications for the quality of workers. The right hiring decisions can bring about improved productivity, higher morale, and reduced staff turnover—directly influencing the bo...

What is the Learning and Development in HRM?  In contemporary and competitive business environments, learning and development assume very important roles under HRM. These organizations are in continuous flux—for example, technological, market, and competitive forces—adaptation and innovation that can be made possible through continuous workforce learning and evolution. Therefore, learning and development turned out to be the key items of human resource management, which not only stimulate the growth of an employee but also secure the success of an organization. The Strategic Role of L&D in HRM Traditionally, the L&D function in HRM was focused on training employees to perform certain tasks or roles. Over the past couple of decades, this has dramatically changed. With regards to modern-day L&D strategies, there exists a strong linkage towards modern organizations' overall strategic goals in order to foster a culture of continuous improvement and innovation. currently, L...

How to Success of Organizational through Employee Retention?  In a fast-paced and ultra-competitive business environment like today's, the ability to retain top talents easily becomes one of the most essential elements for any organization in its thrust to stay competitive. Employee retention would mean much more than merely keeping them within payroll; it would really seal off the deal by ensuring an atmosphere in which they feel valued, motivated, and aligned with the organization's goals. Effective employee retention strategies drive high performance in the organization, reduce turnover costs, and foster a more engaged workforce. The Cost of Employee Turnover Employee turnover is a human resource problem, but it's a financial one, too. Between hiring, onboarding, and training new staff, costs really start to add up. According to SHRM, the cost of replacing an employee can be as low as six months' salary but could be as much as nine months of salary. This not only inv...

Why Importance the Work Ethics in Human Resource Management? Work ethics are the guiding principles that shape the behaviors and decisions within a workplace. In Human Resource Management (HRM), these ethics are particularly crucial as they influence not only individual behavior but also the organizational culture. HR professionals are often seen as the custodians of ethical standards within a company, making it essential for them to uphold and promote strong work ethics. Definition of Work Ethics in HRM Work ethics can be referred to as a values system or moral principles that guide the employees or workers in their process of conducting professional tasks. These include values like honesty, integrity, justice, respect, accountability, and other virtues related to the profession. Work ethics will be instrumental in the decision-making processes at HRM starting from the employment process to the process of relating with employees and disciplinary inquiries. Ethical HRM will also pr...

The Art of Job Design in Human Resource Management Job design is a critical aspect of Human Resource Management (HRM) that significantly influences employee satisfaction, productivity, and overall organizational success. It involves the structuring or restructuring of job roles, responsibilities, and processes to align with both the organization’s objectives and the employees' needs. Understanding the principles of job design can help HR professionals create roles that motivate employees and maximize efficiency. What is Job Design? Job design is a process where different aspects of work tasks and responsibilities are grouped together to enhance the improvement of job satisfaction and performance. It constitutes various elements, such as task variety, autonomy, and feedback, which all combine to create the perceived nature of work by an employee. Job design may be considered an effective means of improving employee motivation, reducing turnover, and enhancing the efficiency of the o...