Question

Essay question (at least 1000 words)

Select an organization or industry and write an essay addressing the compensation strategies and policies that impact the organization's competitiveness.

Answer 1

One of the leading goals of Human Resource Management (HRM) is to expand the performance of organizations.

Human resource management (HRM or HR) is the strategic near to the efficacious management of organization workers so that they help the business obtain a competitive advantage, Commonly assign to as the HR Department, it is designed to increase employee performance in service of an employer's strategic objectives. HR is essentially concerned with the management of people within organizations, concentrate on policies and on systems.

Google's HRM: Google's human resource management provide a competitive compensation strategy and a comprehensive carrer development policy. Such recompense strategy addresses the interests of high quality employees. In connection, Google's career development programs more that employees are given substantial opportunities for personal and professional growth in the company.

The organization advance a competitive advantage from the human resources that it fascinate and retains. Primary goals of the businesses represents increase and development in terms of standard and consignment. Comprehensive values of total assets of the business, Performing values of total business in the market , total sales ability of the business, entire number of employees in the business , Organizational convolution degree. investment and production capacity.

A company's employee foundation is it's most precious,wealth, according to standard HR wisdom and theory; therefore, HR organization and development are indispensable to gaining a competitive advantage ahead of industry equivalent through improving an organization's most expensive assets.