Team Development

A team don’t just form and immediately start working together to accomplish great things. Teams must go through several stages before being able to function productively. An ideal team demands to select a Team Leader first. A team leader is selected on basis of necessary knowledge, skill and experience needed to serve the purpose for which the team is build up. Once the team leader is selected, the team have to develop through the following four stages to  work effectively and efficiently.

Stage 1: Forming

Forming is the first stage of team development. In this stage team leader picks team members with the necessary skills and diverse backgrounds and share a vision, discuss about the team task and expectations and provide positive and constructive direction to work together. Team members are introduced to each other and begin to define what they hope to accomplish from participating on the team. Members cautiously explore the feelings of excitement, pride in being chosen; optimism along with some anxiety about the work. Continue reading

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Teamwork at Workplace

    Recently Teamwork has become a very common and demanding concept irrespective of all successful organization. But what do we mean by Teamwork? Does merely a group of people’s working together is called teamwork? Let us find the answer.

Webster’s World Dictionary defined Teamwork as ” A joint action by a group of people, in which each person subordinates his or her individual interests and opinions to the unity and efficiency of the group”. This does not mean that the individual is no longer important; however, it does mean that effective and efficient teamwork goes beyond individual accomplishments. Research shows that the most effective teamwork is produced when all the team members shows the following characteristics collectively. Continue reading

Total Compensation Benefit package

In human resource management, total compensation package is referred to not only money but also other benefits received by an employee for providing services to his employer. Today we will learn about the components of whole compensation package. An ideal compensation package may identify its various components as follows:

1. Fixed Pay or Base Pay

Base Compensation is one type of Compensation that refers to the basic salaries and wages given to he employees. It is normally constant at a given amount irrespective of the difference in work performance. Continue reading

Developing a Compensation Plan

Dear friends we already learned a lot about compensation management . Now we will  learn how to develop and set up a new Compensation plan in any organization. No matter which type of organization or establishment you are dealing with, every organization have to follow the following steps to establish a new compensation plan:

 1. Develop program outline

  • At first have to set an objective for the compensation program identifying the needs.
  • Establish target dated for implementation and completion
  • Determine a budget for the plan Continue reading

Compensation Management

If you ask general people what is compensation or what they mean by saying compensation, they may tell you compensation means salary, wages or overtime money paid by any company. Some may also include provident fund or gratuity.  All of them are right though the answer is not complete. Today we will learn about compensation in a broader sense. Lets learn the definition of compensation first.
Compensation management is an integral part of the management of any organization that involves balancing the work-employee relation by providing monetary and non-monetary benefits to employees  in exchange for work performed.Compensation strategy is derived from the business strategy. The business goals and objectives are aligned with the HR strategies. Then the compensation committee or the concerned authority formulates the compensation strategy. It depends on both internal and external factors as well as the life cycle of an organization. Continue reading

HR Legal Issues

Hi friends! How are you all?

Today I am going to introduce a boring yet important topic with you. I know most of you don’t feel comfortable with the words like Laws, Regulations, Code of conduct or Legal Issues. But there’s no scope to escape ! As much as any area of management, HR Management too is subject to wide-ranging laws and court decision.

These laws and decisions affect the human resource function in many areas such as employment opportunity, compensation and benefit, leaves, labor relations, and occupational safety & health in workplace, right of privacy, Sexual Harassment prevention and protection against unjust dismissal. Several major ones are summarized below:

        Equal Employment Opportunity

Talent Management

 

 For last few years the term Talent Management is getting much attention in the world of corporate business. Today we will know what’s Talent Management is and why it’s so important .

     Talent management is the integrated process of ensuring that an organization has a continuous supply of highly productive individuals in the right job, at the right time. Rather than a one-time event, talent management is a continuous process that plans talent needs, builds an image to attract the very best, ensures that new hires are immediately productive, helps to retain the very best, and facilitates the continuous movement of talent to where it can have the most impact within the organization.

The goal of the talent management process is to increase overall workforce productivity through the improved attraction, retention, and utilization of talent. The talent management strategy is superior not just because it focuses on productivity, but also because it is forward-looking and proactive, which means that the organization is continuously seeking out talent and opportunities to better utilize that talent. It produces excellent results because it overcomes the major problem of traditional recruiting, which is isolation. Continue reading