M1 Human Resources Analysis

They monitor the company's costs, revenue and profit. Finance is a very important part to a business because it controls where and what money goes in the business. Without monitoring a business's finance then the business could over spend and become bankrupt. 8) Human resource make sure all the employees have a safe working environment with all the correct equipment and training supplied by the business.

Objectives & Scope The human resources audit includes a sampling assessment of the following areas: classifications/FLSA, pay, time, attendance, growth, hiring, terminations, onboarding, employment eligibility, benefits, compensation, safety, performance management, organizational culture, and communication. Unless specified, audit assessment is by means of workforce sampling (across various regions, position type and classifications). For example, PTO assessment does not audit all PTO calculations for each employee, but rather a selected few. The data for the sampling includes West Yost personnel files, interviews, payroll records, and data from various sources.

Week Two Discussion Questions 1. What is workforce analytics and how would it benefit your organization? Workforce analytics are sophisticated methods organizations can use to analyze employee data in order to enhance their competitive advantage. There are six kinds of analytics to manage the workforce, which include: 1.

This involves using a string of tests and checks to find the right match for the job – the ideal person-organisation fit. Retaining: This step involves offering growth opportunities, encouraging professional development, and offering rewards programs and training for more involved positions. Most organisations try to retain their best talent through promotions and increments, offering opportunities for growth, encouraging involvement in special projects and decision-making, training for more evolved roles, and rewards and recognition

An example of this is the use of a new peie of machinery by operations may require human resources to hire appropriately trained workers or train existing workers who are able to operate it. This may include having to terminate existing employment contracts in order to accommodate new workers. The performance of human resource management affects the performance of other KBF’s especially operations. It is the role of HR management to ensure that workers are skilled enough and have the motivation to complete tasks set by managerial staff. If this is completed to a high standard, the business will be able to operate at its highest efficiency rate therefore affecting the other KBF’s than operations.

INTRODUCTION Human resource management is the strategic approach to the management of an organization 's most valued assets - the people working there who individually and collectively contribute to the achievement of the goals of the business (Armstrong, M., 2006). In other words, human resource management is a to work with employees, and for the employees, to help them solve their problems. Therefore, human resource is a complicate department, as they deal with people who already work there, they also deal with several issues which happen among new employees, such as recruitment, selection and so on. Nowadays, employee retention becomes one of the most significant issue in the organizations, and managers are aiming to find the best employees

This section reviews theories on employee retention. 2.2.1 Herzberg Two Factor Theory Frederick Herzberg (1959) two-factor theory is also known as the motivation-hygiene or the dual-factor theory. Herzberg’s theory states that certain factors in the organization related to the contentment of the job which provides satisfying experience for employees while separate set of hygiene factors cause dissatisfaction among employees in the workplace. The former factors are called motivators or satisfiers and include achievement, recognition, the work itself, responsibility, opportunity to do something meaningful, sense of importance, advancement and growth while the former factors are known as hygiene factors such as job security, fringe benefits, salary paid

Organisations have long struggled to retain employees without pouring in too many resources into incentives, however there are many other factors that influence the motivation for an employee to work for an organisation. The following factors are very important to retaining employees: ➔ Vision and Mission: Each organisation has a vision set by its leaders, a ground basis on which it stands for. This vision is the key for driving innovation, research and development for the company. Vision is also the driving force and motivation for its employees, to push their limits and to outperform the competition.

It is necessary for organizations to be aware of societal changes that will happen to the organization in the future. Organizations should be mindful of societal changes to retain and attract employees that are needed for the organization to grow and succeed. Human resource managers need to be ahead of the game and they can do this by increasing awareness of societal changes and preparing themselves for the challenges that these changes can present to the organization. A few societal changes that come to mind are with communication, technology, economy, diversity, and a changing workforce. One of the most significant societal changes that I believe that will take place within the next ten years is the workforce will begin to age.

THEORETICAL BACKGROUND OF THE STUDY: 3.1 RECRUITMENT & SELECTION Recruitment and selection is one of the most important management functions. The whole process represents a significant investment in both financial and other resources. Recruitment and selection are two of the most important functions of personnel management. Recruitment procedure selection and helps in selecting a right candidate.

Create a comfortable and healthful environment. Employee retention is significant for the lengthy-time period, development and success of the corporations. So, eventually if we truly respect, appreciate, and treat the staff proper we can never lose them. Employee retention could be very beneficiary for the organization as well as the worker. It is the sole responsibility of the management to keep the best expertise.

Introduction Employees are crucial to any business, and so it is extremely important for an organisation to have a great understanding to the recruitment and selection process. This process is used to make sure the right candidate is chosen for the job. The aim of the research is to create a better understand of the recruitment and selection process and what takes organisation to recruit new employees. The recruitment and selection process has so many different elements to think about, and this essay reflects on how the organisation searches for possible candidates to recruit. Recruitment and selection process is dealt with mostly the human resource (HR) department, although in many organisations it is common for other heads of department to be involved in the process to make sure that technical considerations are assessed during recruitment and selection so that no faults are made.

Human Resource is what keeps the company running and could be looked at as the backbone, due to the nature of hiring and supplying employees with skills necessary to run the company. This is to include any policies, regulations, and plans that have been constructed as well.

SP18 MGMT3341.02/03 - Human Resource Planning, Staffing, & Selection Team #6 - Heather Fralish, Craig Gil, Emerald Kormah, Jennifer Restivo, Bianca Tolentino Team Exercise: Chapter 2, Case Study (page 44-45) Integrating McDonald’s Business, Human Resource, and Staffing Strategies This week, we were asked to take a closer look into the business of McDonald’s and to discuss the importance of people to the organization. As we all know, all businesses thrive on one main person: their consumers. Without them, no business could be successful! But in order for the consumers to be happy, a business thus begins with another person: their workers.

We often talk about human resource when discussing talent management. Human resource indeed plays a very important role and up to an extend talent management fits under HR agenda. The major reason can be because HR prime role is to attract recruitment, retain, promote and develop the resource in the organization. Many books have been introduced, many research have been conducted to understand the key factor impacting talent in the organization.