Discussion 1:
Question:
Congratulations! You have recently been promoted and are the company’s new Human Resources Manager! You have offices in several countries, so how would you evaluate different compensation packages for employees who are located throughout the world?
To be elevated to the organization's Human Resource Manager is respect, however, a vocation which accompanies its own obligations. If I am hired as a Human Resource Manager for a worldwide organization, it will be my duty to deal with the HR needs of all business regions in all regions. Organization domains in various geographic regions might be in various periods of development. Representative remuneration will rely upon numerous elements incorporating organization involved in a locale (Gómez-Mejía, L. R., Balkin, D., and Cardy, R. 2017). The conventional ways to deal with pay have their advantages and disadvantages. For instance, conventional remuneration will mean a standard compensation, costs, and recompenses, motivators, benefits, and rewards. The advantage of this structure is that it is straightforward and can be effectively comprehended by all administrators over the undertaking. The drawback is this doesn't think about that a few regions will have low development; thus, the workers won't get a reasonable chance to gain impetuses. This will, thus, influence their dedication to the organization. I will attempt to comprehend the market and the potential for development for the organization. I will at that point have gatherings with business to shape a compensation structure that best suits the need of the organization around there for that year. I will likewise remain discerning that year on year the organization circumstance will change however the representative bundle can't be essentially changed. Subsequently, a neighborhood procedure will be tremendously required. For instance, if the organization is beginning its business in a nation, I would frame a methodology to pay more than the normal market rate, with the goal that we get the best representatives in that market. When the organization has accomplished some piece of the overall industry, I would decrease the quality of the representatives and turn the compensation structure to an increasingly impetus-based structure for the workers.
Discussion 2:
Question:
Congratulations! You have recently been promoted and are the company’s new Human Resources Manager! You have offices in several countries, so how would you evaluate different compensation packages for employees who are located throughout the world?
For a HR manager or a director, the fundamental destinations and duties are to guarantee that the association doesn't do not have the essential work power to help it's meet its day by day objectives. The human asset supervisor additionally should address issues about the worker's welfare that may incorporate a helpful workplace just as pay. As a human asset administrator of a major organization with different.
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
Discussion 1QuestionCongratulations! You have recently been .docx
1. Discussion 1:
Question:
Congratulations! You have recently been promoted and are the
company’s new Human Resources Manager! You have offices in
several countries, so how would you evaluate different
compensation packages for employees who are located
throughout the world?
To be elevated to the organization's Human Resource Manager
is respect, however, a vocation which accompanies its own
obligations. If I am hired as a Human Resource Manager for a
worldwide organization, it will be my duty to deal with the HR
needs of all business regions in all regions. Organization
domains in various geographic regions might be in various
periods of development. Representative remuneration will rely
upon numerous elements incorporating organization involved in
a locale (Gómez-Mejía, L. R., Balkin, D., and Cardy, R. 2017).
The conventional ways to deal with pay have their advantages
and disadvantages. For instance, conventional remuneration will
mean a standard compensation, costs, and recompenses,
motivators, benefits, and rewards. The advantage of this
structure is that it is straightforward and can be effectively
comprehended by all administrators over the undertaking. The
drawback is this doesn't think about that a few regions will have
low development; thus, the workers won't get a reasonable
chance to gain impetuses. This will, thus, influence their
dedication to the organization. I will attempt to comprehend the
market and the potential for development for the organization. I
will at that point have gatherings with business to shape a
compensation structure that best suits the need of the
organization around there for that year. I will likewise remain
discerning that year on year the organization circumstance will
change however the representative bundle can't be essentially
changed. Subsequently, a neighborhood procedure will be
2. tremendously required. For instance, if the organization is
beginning its business in a nation, I would frame a methodology
to pay more than the normal market rate, with the goal that we
get the best representatives in that market. When the
organization has accomplished some piece of the overall
industry, I would decrease the quality of the representatives and
turn the compensation structure to an increasingly impetus-
based structure for the workers.
Discussion 2:
Question:
Congratulations! You have recently been promoted and are the
company’s new Human Resources Manager! You have offices in
several countries, so how would you evaluate different
compensation packages for employees who are located
throughout the world?
For a HR manager or a director, the fundamental destinations
and duties are to guarantee that the association doesn't do not
have the essential work power to help it's meet its day by day
objectives. The human asset supervisor additionally should
address issues about the worker's welfare that may incorporate a
helpful workplace just as pay. As a human asset administrator
of a major organization with different representatives and
workplaces around the globe, getting a pay bundle that suits all
workers can be very precarious. The fundamental explanation
for this is various nations have diverse work laws identifying
with worker remuneration. It is in this way fundamental for a
human asset director to consider such laws that administer how
workers are remunerated in various pieces of the nation
(Mohammad et al., 2016).. For example, work laws in the US
necessitate that the lowest pay permitted by law every hour to
be 7.25 dollars every hours while in Belgium, the lowest pay
permitted by law remains at 11 dollars for each hour.
Allowed to be the new human asset administrator for an
organization with representatives everywhere throughout the
3. world, I would concentrate on the laws on the pay of various
nations just as the financial conditions. Work laws on least
wages would fill in as a critical guide when structuring the
remuneration bundle for the representatives (Acharya et al.,
2013). In various nations, I would guarantee that the pay bundle
for my workers meet the base prerequisite and furthermore
fulfill the guidelines sets. Then again, the monetary state of the
nation would likewise assume a fundamental job in planning the
pay bundle. Here, I would essentially concentrate on the typical
cost for basic items. Through this, I can settle on a choice on
the pay to be actualized to guarantee that my workers can
address their issues through the pay rates and wages paid to
them. For example, my representatives working in Belgium and
the US would be paid higher than those working in china
inferable from work laws and financial conditions.
Discussion 1:
Question:
What are some key performance indicators that are used by
organizations in which you have been employed? How did
managers explain the importance of these KPIs, and were any
rewards tied to them?
Key Performance Indicators (KPI) is the measurable value that
is used by an organization. The KPI is used to calculate the
present business performance. In terms of the profit that some
of the KPI’s are net profit margin, return on equity (ROE),
Gross Profit Margin, and Monthly Recurring Revenue (MRR).
The gross profit margin is the percentage of the total sales
revenue is generated that determines the profit (Jahangirian,
Taylor, Young, & Robinson, 2017). The Return on Equity used
to measure the net income. The unit of shareholder helps in
measuring the net income of the company. This will also help in
measuring the profitability of the organization. And also used to
4. measure the efficiency of the organization. By understanding
the liquidity of the organization that the KPI of the current ratio
will weigh the assets. This will helps in acquiring the solving
ability of the business. The revenue growth rate is another term
to understand the efficiency of the organization. The KPI is
used to ensure the business that maintains the continuous
increment at the rate of the target. The KPI will also play an
important role in understanding the effectiveness of the brand.
Social media mentions are an important measurement that will
able to measure the effectiveness of the brand (Toader & Roibu,
2016). Social media is the best method used to mention the
brand on Facebook, Twitter, etc. Basically, the KPI is one of the
best methods to guide the business towards the strategic goals
and objectives that will help to build effectiveness in the
business. In order to increase the customer retention that the
company will able to establish the KPI. To convert the
measured and the qualified data into the actionable terms due to
the goals and objectives are achieved by the company. If the
KPI should not reflect the own business that should lead to
affect any positive change in the business.
Discussion 2:
Question:
What are some key performance indicators that are used by
organizations in which you have been employed? How did
managers explain the importance of these KPIs, and were any
rewards tied to them?
In order to monitor the performance of the business for better
decision making, the organization in which I work employs
several key performance indicators. Profit is one of the KPI that
the organization uses to understand whether the organization is
generating high returns or losses. The manager explained the
profit KPI as the most important KPI that analyses both gross
5. and net profit margins to analyse if the organization is
profitable,
In addition, the organization’s management uses the customer
satisfaction and retention as a key performance indicator.
Basically is the customers gets satisfied they will always come
back to make purchases to the organization and if the
organization’s goods and services fails to meet customers’
needs they tend to seek the same services in another
organizations. There are rewards tied in ensuring customer
satisfaction such as providing quality goods and services, and
allowing discounts to the customers who make purchases of
goods and services from the organization (“Kingston University,
Key Performance Indicators and Service Standards,” 2017).
Also, the employee turnover rate is another KPI that the
organization employs in evaluating whether the organizations
performance is good or bad. The high employee turnover rate
means that the organization’s performance is performing
negatively which requires the organization to evaluate the
working culture and employment packages. In regards to the
employee turnover rate, the employee satisfaction is important
in that it motivates the employee to work hard to achieve the
organizations objectives. There are rewards tied to the employee
satisfaction such that the highly motivated employees through
bonuses and incentives for the best performance tend to improve
the organization’s productivity.