HRM - Mark French - Report - Assessment Answer

HRM Assignment

Assignment Task

Introduction

HRM Case Study

One of the crucial issues associated with CERA is properly coping with the requirements of the employers. At the same time, there are certain set of requirements which needed to be addressed in case of employees. This creates a position of conflict when the employer expectations are not fulfilled. Such employer expectations are linked to the encouragement in the form of various financial packages for the employees. This provides the much needed motivation to the employees for the achievement of common organizational objectives. The leading business organizations keep exploring various ways to determine the factors that enhance the level of work based approach of the employees. It has been observed from the performance based reward schemes of teams that the benefits are directly linked with the skill sets.

It is also essential for an organization to contribute towards the welfare of the employees by focusing on the long term career growth through realization of their individual goals. Enhancement of their competencies is also an important factor in the process (Ehnert, Harry, & Zink, 2013). Therefore, CERA should also focus on a planned approach which helps the employees grow in a sustainable human resource framework.

Companies cannot be benefitted from aggrieved employees and hence, it is a basic human resource management requirement to motivate such employees. The bonus scheme of CERA is designed to encourage the employees to perform according to their capability and potential. Such schemes are directed towards employee satisfaction and meeting of the retention objectives. While implementing these schemes, it is also essential that the rewards are received by the most eligible employees. On the other hand, bonus schemes are required to be accepted & recognized by all the employees.

Another factor is important while framing design of such schemes. Because, they must be able to attract the employees in a way that the assigned works are carried out in the most beneficial way. If they do not serve this purpose, their very reason of existence remains unfulfilled. Happy employees contribute tremendously for the growth of the organization and reduce the cost associated with frequent hiring exercises. The projects are completed in the desired way when satisfied employees work in collaboration for a common purpose.

The efficient reward management requires handling of the process by qualified human resource professionals. It is a need to realize that different employees have different work related aspirations and the HR division of the organization should address the specific aspirations of them. The comprehensive reward management involves both extrinsic and intrinsic channels of reward system. Financial, Developmental and Social Rewards come under Extrinsic Reward Schemes. Similarly; responsibility, challenging environment, ownership, and variety of tasks are components of Intrinsic Reward Schemes (Shields et al., 2015). Therefore, the organization should try to incorporate all the important components of a complete reward system in its bonus scheme. Moreover, as explained in (Ehnert, Harry, & Zink, 2013), an employee has other needs related to his/her lifestyle, healthcare, housing, refreshment etc. These areas are generally not given due importance by many organizations. But, the leading and trusted organizations adopt a 360 degree approach to increase the employee satisfaction levels. This creates a healthy relationship between the employee and the employer based on mutual respect & reciprocity. It is a known fact that productivity increases in a secured job environment and hence sustainable human resource management has gained much importance in modern HRM practices. The phenomenon observed in some of the employees of CERA established this fact. Those employees felt that some of their fundamental needs are unaddressed which had given them a negative impression about limited scope of growth.

The achievements of the employees should be appreciated & recognized within the organization. This is an ideal way of motivation to be adopted by every type of organization. With achievements, the employees should be given more work responsibilities which enhance their motivation. Thus, proper recognition can also be considered a component of total reward system of a company. CERA should address all these issues associated with human resources which contribute for the financial growth of the entire organization. Therefore, the bonus schemes in CERA should not be scrapped as these schemes are responsible for a productive relationship between the employees and employers.