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Category: Human Resource Management

Examples of Remunerations

Posted on June 27, 2022June 27, 2022 By Fredrick Chepkonga No Comments on Examples of Remunerations
Examples of Remunerations
Human Resource Management

Remuneration refers to the payments made to an employee for their work or service. Companies use various types of remunerations to motivate their employees to do better in their work. Theorists often suggest that remuneration may not necessary increase employees’ satisfaction, but it eliminates the conditions that give rise to dissatisfaction. Some of the remunerations … Read More “Examples of Remunerations” »

Importance of Performance Appraisal in Organizations

Posted on June 27, 2022 By Finance Notes Team No Comments on Importance of Performance Appraisal in Organizations
Importance of Performance Appraisal in Organizations
Human Resource Management

Performance appraisal refers to the process of reviewing an employee’s performance regularly to determine their level of skills, achievements, and growth. During performance appraisal, managers hold meetings, discussions, interviews, and observations with their employees to assess their performance. They measure the employee’s actual performance against set standards and provide feedback for improvement. Performance appraisal plays … Read More “Importance of Performance Appraisal in Organizations” »

The 3 Types of Training in Business Organizations

Posted on June 27, 2022 By Fredrick Chepkonga No Comments on The 3 Types of Training in Business Organizations
The 3 Types of Training in Business Organizations
Human Resource Management

In any business organization or company, training is necessary to keep employees updated with the changing business needs of the organization. Training equips employees with the skills they need to perform important tasks, including technical and soft skills. The three main types of training that an organization may use are: reactive training, proactive training, and … Read More “The 3 Types of Training in Business Organizations” »

The Roles of Training and Development in Business Organizations

Posted on June 27, 2022June 27, 2022 By Fredrick Chepkonga No Comments on The Roles of Training and Development in Business Organizations
The Roles of Training and Development in Business Organizations
Human Resource Management

Training and Development is an important function of human resource management. Employees have to be trained from time to time to develop new skills, understand the culture of the organization, and adapt to changing needs of the organization. Development of employees is also needed to help them achieve their individual career goals and become more … Read More “The Roles of Training and Development in Business Organizations” »

Environmental Factors to be Considered in Human Resource Planning

Posted on June 27, 2022 By Finance Notes Team No Comments on Environmental Factors to be Considered in Human Resource Planning
Environmental Factors to be Considered in Human Resource Planning
Human Resource Management

Human Resource Planning (HRP) is an important function in human resource management. It is used to assess the organization’s human resource needs in order to match skills with jobs, predict demand for manpower, and develop appropriate ways to motivate and retain top talents. An effective HR Planning process should consider various environmental factors that may … Read More “Environmental Factors to be Considered in Human Resource Planning” »

The Five Functions of Human Resource Planning

Posted on June 27, 2022 By Fredrick Chepkonga No Comments on The Five Functions of Human Resource Planning
The Five Functions of Human Resource Planning
Human Resource Management

Human resource planning (HRP) refers to the systematic and continuous process of setting goals achieve optimum use employees and identifying action to achieve those goals. Human resources planning ensures employee skills and abilities match their job descriptions. There are five key functions of human resource planning: 1) Time Saving Human Resource Planning ensures that the … Read More “The Five Functions of Human Resource Planning” »

Human Resource Management Concept

Posted on June 27, 2022 By Finance Notes Team No Comments on Human Resource Management Concept
Human Resource Management Concept
Human Resource Management

Definition of Human resource management Human resource management can be defined as a management function used by help managers in the recruitment, selection, training and development of an organization’s members (Aswathappa, 2005). Armstrong, (2008) also defines HRM as a set of activities which an organization can undertake so as to utilize its resources effectively. Such … Read More “Human Resource Management Concept” »

Strategic Human Resource Plan

Posted on June 27, 2022June 27, 2022 By Fredrick Chepkonga No Comments on Strategic Human Resource Plan
Strategic Human Resource Plan
Human Resource Management

Executive Summary The report is aimed at identifying the strategic issues that are crucial when formulating human resource policies targeting the fields of ethics, corporate responsibility, values and sustainability. The report uses a generic approach to identify these strategies and their influence towards improving organizational human resource profile. Based on the findings, the human resource … Read More “Strategic Human Resource Plan” »

Human Resource Management Practices of Tesco PLC

Posted on January 19, 2022January 19, 2022 By Finance Notes Team No Comments on Human Resource Management Practices of Tesco PLC
Human Resource Management Practices of Tesco PLC
Human Resource Management

HR planning processes at Tesco Human Resource planning refers to the search of people who will spearhead the realization of organizational goals and objectives of the organization in the current period and in the future. It entails demand and supply of labour and the problems associated with reconciling such factors. It can also be referred … Read More “Human Resource Management Practices of Tesco PLC” »

UK Data Protection Legislation and its Impact on Human Resource Management

Posted on January 19, 2022 By Finance Notes Team No Comments on UK Data Protection Legislation and its Impact on Human Resource Management
UK Data Protection Legislation and its Impact on Human Resource Management
Human Resource Management

Human resource managers must be aware of the legal environment in order to develop HR policies that conform to relevant government regulations and avoid litigation risks. Abiding by the law is also important in protecting employees’ interests and motivating skilled personnel. One of the legal provisions that guide employers in their HR practices in the … Read More “UK Data Protection Legislation and its Impact on Human Resource Management” »

Differences between Personnel Management and Human Resource Management Approaches

Posted on January 19, 2022 By Finance Notes Team No Comments on Differences between Personnel Management and Human Resource Management Approaches
Differences between Personnel Management and Human Resource Management Approaches
Human Resource Management

People play a crucial role in achieving a company’s organizational objectives. They not only allocate physical resources to productive business activities, but also perform specific tasks to deliver value for the consumer. Thus, human resources should be managed effectively to be motivated and committed to their job as well the organization’s objectives. Two prominent approaches … Read More “Differences between Personnel Management and Human Resource Management Approaches” »

Human Resource Management of Coca-Cola Company

Posted on August 17, 2021 By Fredrick Chepkonga No Comments on Human Resource Management of Coca-Cola Company
Human Resource Management of Coca-Cola Company
Human Resource Management

Section 1 – HR Management 1a) Personnel Management Approach vs. HR Management Approach Personnel management and HR management are two different concepts; the latter is a new concept which developed from the former. Human resource management is a strategic approach of planning and controlling human resource activities of an organisation and aligning them with the … Read More “Human Resource Management of Coca-Cola Company” »

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