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Human Resource Management of M & S

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Added on  2020-06-04

Human Resource Management of M & S

   Added on 2020-06-04

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Human ResourceManagement
Human Resource Management of M & S_1
Table of ContentsINTRODUCTION...........................................................................................................................11. Total Reward System and its link with academic theories of motivation...............................12. Evaluate the effectiveness of using Total Reward systems across two.......................................4different employment sectors...........................................................................................................4CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
Human Resource Management of M & S_2
INTRODUCTIONIn business process, human resource management is the process of recruitment andselection of staff members for vacant positions. After recruitment and selection of theemployees, proper training is being provided and orientation is done so that performance levelcan be increased in an effective manner. Maintaining relations with everyone includingemployees, trade union and uplifting working environment according to the laws is anothermajor factor present in human resource management. It is highly important and present in everyorganisation due to crucial factors like performance, compensation, safety, training and others.Company chosen for this assignment is Marks and Spencer which was established in 1884. Inthis essay, crucial elements like total reward system and its linkage to academic theories will bebriefed (Crook and et. al., 2011). Apart from that, evaluation of effectiveness in using totalreward system between two various employment sector. 1. Total Reward System and its link with academic theories of motivationTotal reward system is the process in which rewards are offered to employees who hasgreat working performance and they are given rewards in the form of monetary and nonmonetary terms. Monetary terms can be said as rewards like in money or something valuablewhereas non monetary terms is something which is not related to money and it can be said asintangible like promotion, increment in salary and many more. In simple words, it can be saidthat tool and technique which is present to an employer for attracting, motivation and retainemployees. For an employee or candidate who are into employment sector for the notion of totalrewards including high value for employment relationship. Its importance can be determined byits advantage as it constitutes all the things which a business needs to attract staff members likesalary, bonuses and incentive pay along with employee’s growth opportunities like personal andprofessional development (Ployhart and Moliterno, 2011). Total reward system consists of fourelements which are employee retention, employee performance, controllable expenses andprogram administration. In employee retention, whenever employee joins a firm on total rewardbasis system and thus employees are told about things they will getting like bonuses, pay raises,vacations or sick leaves. In short, incentives are being provided to employees on the basis oftheir performance. This increases communication skills especially in small business and thus,comfortable environment can be created between managers and employees. In employee1
Human Resource Management of M & S_3

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