This article discusses the importance of salary survey in HR management and the challenges faced by HR professionals in Singapore. It also provides a benchmark table for HR professionals' salaries in Singapore and job descriptions for benchmark jobs.
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HUMAN RESOURCE MANAGEMENT2 Question 1a Workers’ pay and compensation frequently represent the largest expense for most corporations around the globe. As business globalises and grows beyond their national borders, there is a huge need for a transnational perspective that accounts for drastic fluctuations in the prices of labour between the career and market levels. The organisation ought to strike a balance between the efficient and cost, and HR professionals around the world need the most comprehensive, reliable and up-to-date information to inform their decision in salary negotiations and planning(Nankervis, Baird, Coffey & Shields, 2016, pp. 13).The world of work is constantly evolving and this means that HR professionals will also need to stay ahead of the changes. Numerous factors such as global and regional businesses, improving workforce diversity and technological changes are impacting the HR leaders and professionals. The qualities and skills which HR professionals need currently comprise the business acumen, collaboration, intercultural, influence, resilience and agility. The largest gaps which the next generation managers will require to close are around key professionals attributes and skills (Fareed et al., 2016). The salary survey is done with many owners to examine salary ranks for particular job classes and is usually piloted either by sector, region or career grouping for comparability drives (Robert, 2018). Salary survey can offer important info to entice, back and hold workers within the setting of a general HR and organisation plan. Thus, if used and designed appropriately, a pay survey can offer crucial benchmarking data for matching the benefits and salary (Robert, 2018). To benchmark the SG-Local (SGL) with its Headquarters in Singapore, the following table by Robert Walters’s salary scale of HR professionals will be utilised. The benchmark jobs in the HR department will include; HR business partners, organisation development, compensation and benefits, HR generalist, training and development, recruitment, and HRIS (Robert, 2018).
HUMAN RESOURCE MANAGEMENT3 RolePermanent wage per annum SGD ($) 3-6 YRS’ EXP6-12 YRS’ EXP12+YRS EXP 201720182017201820172018 Commerce and industry in Singapore HR business consultant 70-110K70-110K110-200K110-200K200-350K200-350K Organisation development 70-100K70-100K100-250K100-250K250-320K250-320K Compensation and benefits 60-120K60-120K120-220K120-220K220-350K220-350K HR generalist50-100K50-100K100-200K100-200K200-400K200-400K Training and development 55-90K55-90K90-165K90-165K165-250K165-250K Recruitment50-100K50-100K100-140K100-140K140-250K140-250K HRIS45-75K45-75K75-120K75-120K120-170K120-170K The job description of above benchmark jobs HR business consultant works as an internal consultant by examining internal company current HR packages and commending a solution. He/she is responsible for advanced, specialised and administrative duties in a designated human resource program or area. Organisation development plans, develops, administers and implement HR programs for the company’ workers. He/she integrate and develop human resource programs and links project to realize strategic business and operational objectives. Compensation and benefits; the job description is to manage an organisation compensation and reward programs. Because they are designed to attract and retain valued workers, the work of these professionals is important in the organisation's HR subdivision.
HUMAN RESOURCE MANAGEMENT4 Recruitment: receiving a request from the human resources department for novel job availability. Interviewing the potential job candidates and performing other assessment of job candidate’s skills. Training and development conduct the job evaluation reviews, liaising with directors and questioning employee at all ranks to recognise and evaluate training and development needs. Also, providing and supervising the training of persons or group of workers. HR Generalist manages the administration of workforce’s procedures, policies, and programs. HRIS is responsible for processing worker data, producing HR-related reports and making sure compliance with the relevant local and national guidelines. HRIS is the IT of the human resource field. They are the software, database, and computer system the firm uses to uphold their human resources such as time off, payroll, benefits and employee records. The reasons the above jobs are used as a benchmark is because they continue to be steady across the sector in terms of seniority and tasks. Therefore, they can be matched from one organisation to another. Owners can determine to what level of duty they are holding their workers and whether the wages on offer are regular with the same position across the trade. Question 1b Singapore’s work rules have traditionally been owner-friendly. In the initial times of Singapore’s advancement, this was important to entice International Corporation to the country. But in the previous decade, there has been a move towards better worker rights and more so guard of the Singapore core labor force.An example of better worker rights is an introduction of paternity leave and extension of maternity leave periods which hitherto did not exist. In addition, Singapore’s occupation regulation once secured blue collar employees but currently, it has extended to defend subordinate managers and professionals receiving below a specific monthly salary. This plan shift brings tasks to human resources specialists.One of the shifts is an increased level of unionization in Singapore in the current era, and considerable in 2015, regulation was presented to permit experts and leaders to be jointly represented. Thus, HR experts face the contests since unions are extra bodies that HR specialists have to look accord to
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HUMAN RESOURCE MANAGEMENT5 it. The overseas manpower supply has been constricted in Singapore since 2009, partly due to communal response on the escalating number of overseas workers in Singapore. Therefore, the HR professional has to advertise works to Singaporeans for at least 14 days before permitting occupations to be occupied by foreigners. This adds extra duties to HR professionals. HR professionals can anticipate further concerns as Singapore work guideline’s pro-employee move remains. As Singapore continues to attract foreign workers, the recruitment and selection process becomes complex as the managerial competence, training and adaptability are required for the overseas ideal candidate. Training is part of the roles in the HR department. Therefore, training the successful expatriates is not always easy. Human resources are also involved in the repatriation process of assisting workers to create the shift to their home nation. Many workforces’ encounters reverse culture shock upon returning to their country, which is a mental occurrence that can lead to distress, irritability, vulnerability and confusion(Osman-Gani & Paik, 2016, pp. 5).HR professionals in the multinational company have to do localised compensation strategy so as to maintain companywide pay scales and policies while providing the best balance of cost-of-living compensation. The HR also experiences challenge in overseas performance evaluation in determining how the performance of the expatriate should be done(Fogarassy, Szabo & Poor, 2017). A specialist has to observe the international labour environment and also to involve in the logistics of international assignments, such as making sure that an employee can legally work in the country. Bloomberg BNA released benchmarks and analysis of HR department between 2015 and 2016. According to the study, HR enrollment level developed to all-time of 1.4 per 100 staffs (Valerie, 2017). Therefore, if ration of HR to an employee is 1.4 is to 100 employees, the SGL Company requires 210 HR professionals in 15,000 employees.
HUMAN RESOURCE MANAGEMENT6 References Fareed, M., Noor, W. S., Isa, M. F., Shahzad, A., & Laeeq, H. (2016). The Role of Human Capital Development and High-Performance Work System in Sustaining the Human Resource Professionals' Effectiveness: A Lesson from Pakistan's Telco Companies. International Journal of Economic Perspectives,10(4). [Online]. Available from:https://www.researchgate.net/profile/Dr_Fareed/publication/318360607_The_Role_ of_Human_Capital_Development_and_High_Performance_Work_System_in_Sustaining _the_Human_Resource_Professionals%27_Effectiveness_A_Lesson_from_Pakistan %27s_Telco_Companies/links/5a28e975a6fdcc8e8671cdcc/The-Role-of-Human-Capital- Development-and-High-Performance-Work-System-in-Sustaining-the-Human-Resource- Professionals-Effectiveness-A-Lesson-from-Pakistans-Telco-Companies.pdf, [Accessed on 9 October 2018]. Fogarassy, C., Szabo, K., & Poor, J. (2017). Critical issues of human resource planning, performance evaluation and long-term development on the central region and non-central areas: Hungarian case study for investors.International Journal of Engineering Business Management,9, 1847979016685338.[Online]. Available from:http://journals.sagepub.com/doi/full/10.1177/1847979016685338, [Accessed on 9 October 2018]. Nankervis, A. R., Baird, M., Coffey, J., & Shields, J. (2016).Human resource management: strategy and practice. Cengage AU, pp. 12-22. Osman-Gani, A. M., & Paik, Y. (2016). Factors influencing the retention of international IT talent: An empirical investigation in Singapore.International Journal of Human Resources Development and Management,16(1-2), 1-17.[Online]. Available from:https://www.researchgate.net/profile/Yongsun_Paik/publication/ 298914994_Factors_influencing_the_retention_of_international_IT_talent_An_empirical _investigation_in_Singapore/links/5a706210458515015e62cc3e/Factors-influencing-the- retention-of-international-IT-talent-An-empirical-investigation-in-Singapore.pdf, [Accessed on 9 October 2018].
HUMAN RESOURCE MANAGEMENT7 Robert, W. ( 2018). Salary survey 2018. GREATER CHINA & SOUTH EAST ASIA,[Online]. Available from:https://www.robertwalters.com/content/dam/robert-walters/global/files/ salary-survey/salary-survey-2018-southeast-asia-greater-china.pdf, [Accessed on 9 October 2018]. Valerie, B. (July, 2017), HR staffing is at 1.4 per 100 employees, an all-time high[Online]. Available from:https://www.hrdive.com/news/report-hr-staffing-is-at-14-per-100- employees-an-all-time-high/447480/, [Accessed on 9 October 2018].