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Assignment on Human Resource Management1

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Added on  2019-10-30

Assignment on Human Resource Management1

   Added on 2019-10-30

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Running head: HUMAN RESOURCE MANAGEMENTHuman resource managementName of the studentName of the universityAuthor Note:
Assignment on Human Resource Management1_1
2HUMAN RESOURCE MANAGEMENTTable of ContentsIntroduction......................................................................................................................................3Methods of Weighing Incentive Pay...............................................................................................3Core Legal Requirements................................................................................................................5Additional Benefits..........................................................................................................................6Factors to be considered before implementing Benefit Plans.........................................................7Communication of Benefits to the Employees................................................................................7Ethical Risks....................................................................................................................................8Recommendations............................................................................................................................8References........................................................................................................................................9
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3HUMAN RESOURCE MANAGEMENTIntroductionEmployees of an organization need certain recognition for the hard work done by them.Recognition of an employee refers to the timely formal or informal acknowledgement of aperson’s behavior or efforts in the business result that supports the goals and values of theorganization. Showing appreciation for their work is key to the success of the organization as theemployees will get motivated and will perform in a much better way. Recognizing the employeesfor their hard work also makes the employees understand about how much the company cares forthem and how much they are valuable to the company. Apart from the work productivity thefollowing actions helps the employees to have a mental satisfaction and establish a loyalty.Methods of Weighing Incentive PayIncentive plans is one of the key to ensure the success of the organization. It helps tomotivate the employees of the organization to perform at a higher level and restricts them toengage themselves in unethical behaviors (Armstrong & Taylor, 2014). The HR manager of anorganization needs to be well aware of every single problem that are related to theimplementation of the incentive plans of the organization. Every incentive is administered mucheffectively. They serve as useful business tools as they support the higher levels of performanceof the employees without increasing the fixed cost of basic pay. Experts believe that an incentiveof a mere 3% to 4% is nothing and does not have any impact upon the employees as becausesuch a meager increase fails to segment out the star performers in the organization. A betterincentive policy can come in handy and will surely help in the growth of the organization. Someof the methods to weigh the Incentive Pay have been discussed in details below by theresearcher;
Assignment on Human Resource Management1_3

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