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(Doc) Human Resource Management Assignment (Solution)

   

Added on  2021-02-21

9 Pages2343 Words37 Views
HUMAN RESOURCEMANAGEMENT

Table of ContentsINTRODUCTION...........................................................................................................................3LO 1.................................................................................................................................................3Summarise the organizational policies and procedures in your organization that affectremuneration strategies. .............................................................................................................3LO 2.................................................................................................................................................42 A Strategic and operational plans of the organization and scope of remuneration andbenefits plan-...............................................................................................................................42 B current practice, recent developments, and the legislative parameters for yourremuneration strategy. ................................................................................................................42 C Develop different options that are ready for consideration by relevant managers...............52 D Describe how these options link to the achievement of organizational goals.....................52 E How will this remuneration plan ensure that the organization's image as an employer ofchoice and encourage it to be regarded as a desirable place to work?........................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8

INTRODUCTIONHuman resource management is concerned with managing of people in a company as it helpthem gain a advantage over their competitors and to observe the performance of their employeesso that they can maximize it in order to achieve the objectives of an organization. HR departmentcovers matters such as recruitment and selection, training and development, giving rewards fortheir performance and managing payroll of employees. Purpose of this department is to make surethat a organization achieves success in operation through their workforce. This department alsoconcerns cases which addresses to harassment or discrimination on the basis of race and gender.HR department gives benefits to their employees such as parental leave or maternal leave,discounts and vacation package. It helps in developing the employer employee relationship. Theymotivate employees by giving reward or performance appraisal, they are responsible for putting ateam together in an organization to achieve its objectives ( Brewster, 2017).Margaret House started Bounce fitness in 2001, when they started they used to providefacilities only for aerobics but now over the years they have grown vastly into four centres Cairns,Sydney, Brisbane and Perth with their head office located in Cairns. They believe in one stop shopwhich means they provide most facilities under one roof. They also provide personal training tocustomers at their places. They provides healthy and low calorie drinks and food at their owncafeteria. They also operate in retail stores which deals in selling fitness items such as clothes,shoes etc. Bounce Fitness is a premier provider of fitness situated in Australia. LO 1Summarise the organizational policies and procedures in your organization that affectremuneration strategies. This policy relates to salaries, timekeeping, remuneration schedules and method of theirpayments with the help of their policies Bounce Fitness assure their employees that they getstimely payment of salaries and wages so that it does not affect remuneration policies. Thesepolicies also ensure that companies should keep federal, state and local laws that concerns tofacilities like Medicare, social and security and labor norms. This helps Bounce Fitness avoidpenalties. This procedure also support the budget department that also implements to structuresand systems. There are deadlines of these policies which if not fulfilled which affect theorganization.

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