Lesson On Human Resources Management

Lesson 3.3 – Human Resources Management

Define human resource management in your own words. Human resource management is dealing with things such as hiring, wages, evaluations, complaints, and firing. Human resources management is managing the requirements for your employees and business. Human resource management is the engagement in any activity pertaining to employees such as recruiting, hiring, evaluating and firing. A human resource area for a company manages company policies for fair and equal treatment to all employees.

How does a salary differ from wages? A salary is a set amount of money somebody is paid for working any amount of hours. This is a fixed amount no matter how much or how little you work. Your paycheck will always

Why? There are a few benefits that are important to employees. Flexible work schedules that give employees flexible hours, flexible days off are important. Sick time off and vacation hours that accrue each year that you cannot lose. It is very important to get the benefit of health insurance that the company pays into, as well as a retirement or pension. These are a few important factors a new employee should be considering. More benefits offered by a company shows a company’s strength and obligation to its employees.

Compare and contrast compensation and evaluations? Compensation and evaluations have some Comparison and contrasting. Compensation is determined by work ethic(how you are evaluated). Compensation is something given back to an employee for time or money spent on employees behalf. Evaluation is when you are observed for your job performance what you deserve to earn. Compensation is more of a positive while evaluation is more negative. Those are Comparison and contrasting between compensation and

Explain. There are a couple of reasons why I prefer to have lower wage and fringe benefits. I believe if you have the benefit of higher wages and have to pay for fringe benefits (like insurance) you will come out short. If you take advantage of lower wages with fringe benefits you will come out ahead. An example is health benefits. Health insurance these days are very expensive, if you have this as a benefit at work it will only cost you a small percentage. There are other examples like flexible spending accounts, 401 K, savings plans, stock options, paid vacation days, paid transportation etc. So fringe benefits can make up a difference from a lower wage, and actually put you ahead of having a higher wage and nothing