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(A) Performance Appraisal, Training & Development and Managing Employer and Employee Relationships are important functions of a Human Resource Manager - Leaving Cert Business - Question 5 - 2008
Question 5
(A) Performance Appraisal, Training & Development and Managing Employer and Employee Relationships are important functions of a Human Resource Manager. Explain the ... show full transcript
Worked Solution & Example Answer:(A) Performance Appraisal, Training & Development and Managing Employer and Employee Relationships are important functions of a Human Resource Manager - Leaving Cert Business - Question 5 - 2008
Step 1
Performance Appraisal
Answer
Performance Appraisal is the process of reviewing the performance of an employee. It involves assessing an individual’s strengths and weaknesses to provide feedback and support career development.
Benefits of Performance Appraisal:
- Determines Suitable Pay Levels: It helps establish fair compensation based on performance.
- Improves Quality Assurance: By regularly assessing performance, organizations ensure that employees meet the company’s quality standards, fostering a culture of continuous improvement.
- Development Opportunities: Identifying areas for growth enables training and development that align with organizational goals.
- Increase in Employee Morale: Constructive feedback and recognition can motivate employees to perform better.
Step 2
Training and Development
Answer
Training and Development involves equipping employees with the skills needed for their roles, enhancing both individual and organizational effectiveness.
Benefits of Training and Development:
- Improved Production: Well-trained employees tend to be more efficient, which enhances productivity.
- Better Customer Service: With enhanced skills, employees can deliver superior services, resulting in higher customer satisfaction.
- Lower Staff Turnover: Employees who feel supported in their growth are more likely to remain with the company, reducing recruitment costs.
Step 3
Different Methods of Reward
Answer
Employees may receive both monetary and non-monetary rewards for their contributions to the organization.
- Monetary Rewards: This includes salaries, wages, commissions, and bonuses that recognize individual performance.
- Profit-Related Pay: Employees may receive bonuses based on the company's performance, reinforcing their contributions to the organization.
- Job Promotion: Advancing employees to higher responsibilities acknowledges their hard work and can motivate others.