Hrm 300 week 5 team assignment sustaining employee performance paper

HRM 300 Week 5 Team Assignment Sustaining Employee Performance Paper 

Resource: Company assigned to you by your instructor.

Use the company in the Virtual Organization assigned to you by your instructor in Week Four. 

Write a 1,400- to 1,750-word paper, due in Week Five, addressing the following:

 

• Identify two jobs within your assigned company.

 

• Describe the general function of performance management systems. If your assigned company does not use a performance management system, would you recommend it use one?

 

• Suggest two job evaluation methods for each of the positions your team has chosen. What would be the advantages and disadvantages of these methods, based on the positions you have selected? 

 

• Compare and contrast possible compensation plans for the two positions.

 

• Explain the importance of providing employee benefit plans to employees working in the chosen positions.

 

Format your paper consistent with APA guidelines.

Preview of solution:
 

Sustaining Employee Performance

            There are several job evaluation methods that can be used in order to evaluate an employee’s performance. Sometimes, these methods can differ based on the nature of the job. For the Human Resources Manager job, Riordan would benefit from the paired comparison method. This methodology compares employees based on job traits. Based on the nature of the job, several employees would be put into a group and evaluated based on their performance. This method “…ensures that each employee is compared against every other, but the method can become difficult when comparing large numbers of employees” (DeCenzo& Robbins, 2013). This method would be advantageous for the Human Resources Manager job as that position is not over-filled and there are only a certain number of employees that hold that title. Some disadvantages of this method could be the outcome of the evaluations. At some point the employees could feel like they are competing with one another based on the number of employees hired by their division.
            For the Finance Manager position, Riordan would benefit from the achieved outcomes evaluations. This approach is used by evaluating employees based on what they accomplished throughout the year. They would be appraised on their accomplishments compared to the objectives that were set for them. This type of approach is commonly referred to as the management by objectives method and is favored because of the emphasis made on converting overall objectives to objectives that are specific for individual employees. This type of process takes higher management goals and cascades them down, while changing them based on the job title. Disadvantages of this type of method could be the hierarchy of these goals. They are coming from higher management and could potentially be unrelated to specific job functions (DeCenzo & Robbins, 2013).

Employee Benefits

            Employee benefit plans are important because employees need and want to know that they have the necessary things and benefits on their job just in case something happens while they are employee by that particular company. They want to make sure that their health is taken care just as well as their finances also and that is why people are so involved with 401k these days because if they have 401k then they can have that money when they retire and when they need it for some unexpected expenses. Employees basically want to make sure that while they are employed with a particular employer their health and finances are in good shape otherwise they will find another employer to be employed with to get better results.

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