Performance management is seen as a systematic process that helps an organization in sustaining their successful progress. There are also other perspectives towards the definition of performance management such as by DeNisi (2000), Performance management is a range of practices an organization engages in to enhance the performance of a target person or group with the ultimate purpose of improving organizational performance. While, according to DeNisi and Pritchard (2006), Performance management is a board set of activities aimed at improving employee performances. This definition has pointed out that the performance management are focusing on achieving success for both the employees and organization itself. The aims of performance management
widely conceived that factors that influence an employee 's organizational commitment most include ethically related elements such as fairness at work, utmost care and concern for employees, trust level on employees, and goodwill of the organization. To conduct the research, a regression analysis was done to study the effects of these determinants on the various dimensions of job satisfaction. The results indicated that overall, both the forms - implicit and explicit institutionalization of ethics tended to have a positive impact on the dimensions of job satisfaction. However, it was found that implicit ethics institutionalization influenced job satisfaction and its determinants in a more significant manner. There is a growing
When organizations apply such personnel practices as training systems, internal career ladders, job security, results-oriented performance, employee participation/voice, and widely defined jobs performance-based compensation, they are much greater to reach their goals and objectives. Strategic human resource management practices can further improve employee productivity and the skill of agencies to reach their mission. Using the combination of personnel practices into the strategic planning process for the organization to achieve its targets and objectives. Modernizations in technology contributes to gain productivity that are integrated into both private and public organizations. In prospect productivity gains must concentrate on how people use these technologies.
I will also look at how this research can improve the organization’s marketplace position from an HR perspective. Motivation Motivation is one of the important function of HR in an institution which every institution must practice as this brings about high performance, as a result increase in productivity which will also in turn increase the profit turnover of the organization. When a person is motivated the degree at which the person works is amazing because it affects the person psychologically and this makes them work with more persistence and vigor. Every employer must know that, it is very vital for any institution that its employees are motivated, because if employee motivation level is at a robust point than they can make good performance to get organizational goals. In Ghana most employee motivation is very incomplete area, therefore it is the obligation of supervisors to take concrete and active steps to building motivation level of employees.
Recent trends in KM are leading most of the major corporations to use KM initiatives, especially to improve employees’ skills and knowledge to product innovative products in faster and efficient way to get competitive advantage. Effective and efficient knowledge has been recognized as the main and important intangible resource to achieve distinctive competencies that are strongly needed and basis in these knowledge-based organizations. Customers become sophisticated and want innovative products, new and disruptive technology, hyper-competition make companies to utilize their knowledge assets very well. At the meantime, enabling organizations to capture, share and apply the collective experiences, lesson learned and know-how of employees has
In today’s business world, with all the rapid change due to globalisation and the advancement of technology, organisations must stay alert to these changes and keep evolving to maintain a competitive advantage over their main competitors. The main way an organisation can keep this competitive advantages is through strong levels of employees performance within the organisations meaning globally organisation depend on their workers on a huge scale. Employees in an organisation have the power to improve the company’s overall performance meaning they are a major asset to any company around the world. In relation to this, human resource management has become an integral part of the overall company’s strategy. Human resources have played a huge part
the liking or disliking of a job. 2.4. The Importance of Job Satisfaction Job satisfaction is very important for an organizational performance. In this regard, Ahmad et al (2013) states that job satisfaction could result in improved productivity, innovation and dedication to maintaining quality of service given to clients. Employees are more likely to operate most effectively when their needs are satisfied (Bekele &Darshan, 2011).
It provides direction to the company’s talent, operational effectiveness and performance and reward agenda. HUMAN RESOURCE MANAGEMT STRATEGY FORMULATION Strategy formulation is the process involved in planning and creating organizational goals. As a multinational cooperation that has experienced growth over the past years, facing both oversea and local competition will be one of the major challenges. In order to respond to this competition, it is very necessary to implement the right HR strategy that will enable the organization to improve the productivity and effectiveness of the business. This HR strategy should align with the organization’s vision, mission and goals.
It is a sum total or aggregate of inherent abilities , acquired knowledge ,and skills possessed by the employees of an organization.HRM is concerned with getting better results through efficient management of employees. The functions of HRM are related to specific activities of personnel management, which include staff development, compensation, and employee relations. These functions are directly linked to objectives and strategies of the organization. This is starting point for the functions of HRM. We will now discuss the various functions of HRM: 1.
Introduction Strategic human resource management is an approach to the development and implementation of Human Resource strategies.The best way to understand strategic human resource mamagement is by comparing it to human resource management.strategic human resorce management is seen as a partner in organizational succes.It utilizes the talent and opportunity within the human resources department to make other departments stronger and more effective.Strategic human resource management is the practice of attracting,developing,rewarding, and retaining employees for the benefit of both the employees as individuals and the organizations as a whole.Hr departments interact with the other departments within an organization in order to understand their goals and then create strategies that align with those objectives, as well as those of the organization.As a result,the goals of a human resource department reflect and support the goals of the rest of the organization.Strategic Human Resource Management is defined as the link between Human Resources policies and practices with overall strategic business objectives of an organization.So,Strategic Human Resource Management has a significant influence on managing employees.Strategic Human Resource Management is based on 3 propositions.They are as follows; The human resources or human capital of an organization play a strategic role in its success and are a major source of competitive advantage. HR strategies should be integrated