Human Resources
Impact that Technological Advancements have on Compensation and Benefits Processing
Advancement in technology has been of significant benefit for compensation and benefits processing. In particular, benefits administration has been drastically transformed, owing to the internet. More so, the kinds of benefits desired have also gone through some changes in recent years. In the present, administration of benefits is now more of a self-service undertaking on the organization's website or Intranet. In turn, personnel are now able to go online and finish their contact information, chosen desired options and make changes as required. The technology has considerable consequences for freeing up HR employees, and to a lesser magnitude, the organization's managers for more important activities. Technology makes it possible to have greater flexibility in the compensation and benefits plans and places more of the responsibility of selection in the hands of employees. In addition, technology has provided employees more access to pertinent information regarding compensation and benefits. For instance, with respect to process, they can look up websites such as Salary.com to assess their organization in relation to others (Ensher et al., 2003).
Components of Employee Compensation and Benefits
Employee benefits are optional, non-wage compensation provided to employees in addition to their normal wages or salaries. The components of employee benefits may include group insurance, which encompasses health, dental and vision...
What is the role of HR Department in your organization? According to the HR Manager, the role of HR Department in Washington Mutual is to handle the responsibilities relating to performance management and workforce planning. The company's HR Department also acts as a steward to the company's brand and change agents. To what extent is the HR Staff/Deparment involved in strategic business planning? Please explain. The HR staff and department is strategically involved
HR manager changed in the past few years? The role of the HR manager has experienced gradual change over the past years thus illustration of the shift to human resources from the antiquated personnel department. This has changed the way business entities view human elements. The main factors behind this transformation include quality labor or employment laws, enhanced working conditions, and relevant economic obstacles faced by different business entities in
Human Resources Manager Career Analysis HR Manager Career Analysis The field of human resources continues to grow to ensure personnel who understand the complexities employment law and the realm of employment benefits. In fact, the Occupational Outlook "Handbook" maintains that "Much faster than average growth is expected during the projection period" for human resources, trainers, and labor relations managers and specialists ("Handbook," 2011). Human resources managers come from a wide variety of
HR Compensation It is well established that human resources personnel have a direct and forceful impact on the strategic success of any business or economic organization. Ulrich (1997) suggests that "the relationship between HR practices and business results is built on a rather simple premise: better deployment and use of HR practices should correlate with higher business results "(p.303). One tool HR managers have at their disposal is the use of
Compensation and Performance management: Two Sides of the Same HR Coin While it is unquestionably part of a human resources manager or director's job to ensure that the company achieves some level of cost savings -- and definitely cost benefit -- in its human resources expenditures, this does not mean that keeping compensation packages at the minimum possible level is the ideal target to shoot for. The well-being and satisfaction of
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