The compensation plans for the textile manufacturing plant, waiters in a restaurant and for a salesperson in an insurance company. Introduction: Human resource management (HRM) is pre-planning for human resources in the organization which also includes the planning for filling the expected vacancies with appropriate talent in the organization. The Human resource planning includes procedures like choosing recruiting sources, Inviting applications, conducting tests and interviews and planning for retirements, growth, and resignations. Compensation: Compensation includes the monetary and nonmonetary payments or facilities given to the employees by the organization. The Compensation includes salaries and other benefits like insurance, travel facilities, accommodations etc. Developing an effective compensation plan is the part of Human resource management (HRM).

Question

Read the following extract and then answer the questions that follow Research plans depend on the type of information you need and the resources that are available to you and your company. Often, organization members want to know everything about their products, services, programs, etc. Your research plans depend on what information you need to collect in order to make major decisions about a product, service, program, etc. Usually, you're faced with a major decision for one reason or another (e.g., ongoing complaints from customers, the need to convince funders to loan money, unmet needs among customers, the need to improve an internal process, etc.) Required Part A Write short notes on Questionnaires under the following subheadings a) Purpose (2 marks) b) Importance (4 marks) c) Shortcomings (4 marks) Part B Write short notes on Interviews under the following subheadings a) Purpose (2 marks) b) Importance (3 marks) c) Shortcomings (3 marks)

Answer 1

Question

Chapter 9, Problem 6DQ

Summary Introduction

To determine:

The compensation plans for the textile manufacturing plant, waiters in a restaurant and for a salesperson in an insurance company.

Introduction:

Human resource management (HRM) is pre-planning for human resources in the organization which also includes the planning for filling the expected vacancies with appropriate talent in the organization. The Human resource planning includes procedures like choosing recruiting sources, Inviting applications, conducting tests and interviews and planning for retirements, growth, and resignations.

Compensation:

Compensation includes the monetary and nonmonetary payments or facilities given to the employees by the organization. The Compensation includes salaries and other benefits like insurance, travel facilities, accommodations etc. Developing an effective compensation plan is the part of Human resource management (HRM).

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Read the following extract and then answer the questions that follow Research plans depend on the type of information you need and the resources that are available to you and your company. Often, organization members want to know everything about their products, services, programs, etc. Your research plans depend on what information you need to collect in order to make major decisions about a product, service, program, etc. Usually, you're faced with a major decision for one reason or another (e.g., ongoing complaints from customers, the need to convince funders to loan money, unmet needs among customers, the need to improve an internal process, etc.) Required Part A Write short notes on Questionnaires under the following subheadings a) Purpose (2 marks) b) Importance (4 marks) c) Shortcomings (4 marks) Part B Write short notes on Interviews under the following subheadings a) Purpose (2 marks) b) Importance (3 marks) c) Shortcomings (3 marks)

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