Report on Managing Human Resources Samsung

Added on - 28 May 2020

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Running head: MANAGING HUMAN RESOURCESManaging Human ResourcesName of the StudentName of the UniversityAuthor Note
1MANAGING HUMAN RESOURCESExecutive SummaryThe following report is based on the unfair reward distribution practice of Samsung. The reportis conducted on the basis of the information provided in the case study. The purpose of thereport is to identify the potential issues of reward management of Samsung, develop suitablesolution, and justify them with appropriate theories and model. The employees of someoperational division of Samsung received poor reward benefits compared to firm’s MobileDivision. Despite the accomplishment of operational goals, the employees received poorbenefits, which indicate unfairness in the system and motivation among the employees.Moreover, such practice affects the coordination among the team. The issues have been analyzedwith some relevant academic journals conducted onemployee motivation,performancemanagement and fairness on reward system.Similarly, equity theory discussed in the reporttalks about how equality lacks in Samsung’s employee reward system. Eventually, suitablerecommendation such as,fair reward system, feedback system, employee learning anddevelopment programhave been provided.
2MANAGING HUMAN RESOURCESTable of Content1. Introduction..................................................................................................................................31.1 Background to the report.......................................................................................................31.2 Scope of the report.................................................................................................................31.3 Aim........................................................................................................................................42. Issues with current practices........................................................................................................42.1 Fairness..................................................................................................................................42.2 Bonuses..................................................................................................................................62.3 Other issues............................................................................................................................73.0 Suitable recommendation to resolve the issues-........................................................................83.1 Fair reward system-...............................................................................................................83.2 Feedback system-...................................................................................................................93.3 Learning and development..................................................................................................104. Conclusion.................................................................................................................................10Reference list:................................................................................................................................11
3MANAGING HUMAN RESOURCES1. Introduction1.1 Background to the reportThe following report is based on the unfair reward policies observed in the humanresource practice of Samsung. Reward management system consists of firm’s policies, processesas well as practices for rewarding the workers based on their contribution and abilities. As putforward by Došenović Dragana (2016) reward management is mainly concerned with thedevelopment and implementation of strategies as well as policies that are determined to rewardproperly, fairly, equitably as well as consistently with the value of the organization. Majorobjective of the reward management is to support the strategy of the organization, recruit andretain the key employees of the firm and motivate employees. However, the case study providedon Samsung, indicates that organization did not proper and fair policies in its rewardmanagement system as there is of disparity with respect to amount of bonus.1.2 Scope of the reportThe report has been conducted on Samsung considering the scenario provided in the casestudy about the inequality in the reward system. Samsung is certainly a large electronic giantproviding electronic goods such as Samsung Mobile, Television, refrigerator, Air Conditioner,etc. The vision of the firm is, “Vision 2020, Inspirethe world andCreate the Future”.Samsung’s vision is at the cored of its commitment to develop a better world, which would befull of richer digital experience through enhanced technology and products.
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