In: Operations Management
Herzberg’s two-factor theory speaks to issues relevant in both employee compensation and benefits as it discusses why people choose a workplace, as well as what keeps employees satisfied and committed to their work. For more information on Herzberg's two-factor theory, see the Frederick Herzberg motivational theory (Links to an external site.) .
Imagine that you are an HR manager in a contemporary firm and answer the following:
The objective is to recruit individuals who are software engineers having an experience of minimum 4 years and there are various technologies based on which they will be selected. The organization will conduct this recruitment program by reviewing resumes, conducting Technical interviews and the final round will be to conduct HR interview to understand that the individuals are HR fit for the organization or not.
The compensation and benefit package will be based on the industry standard and company standard along with that the performance of the employee also will be a factor. The amount that the competitors are providing for a particular role also needs to be known so that the organization can be competitive in the compensation aspect and to make deals more attractive they can also add a factor like joining bonus which may help the organization attract more employees in the organization.