Human Resource Management Strategic Plans

Question: What is best practice Human Resources? Answer: Introduction HR best practices are strategic plans: To improve services of the employee and increase profitability for the employer. Rewards Open house discussion Feedback Highlight performers Fair Evaluation System This slide reflect the why hr practices are required and what are the best practices of hr that can be applied in any organization. The best hr practices would improve the employee retention and maximize the output of the organization that would result in the increase in the profitability of the organization. The above mentioned tools are some of the best hr practices that great organizations have implemented. All these points have been discussed in details in the slides that follow. The points are reward system, open house discussion and feedback, highlight best performers and fair evaluation system and the implementation of all these points would definitely accumulate into in creation of an ideal workplace and affect the organization positively. Rewards System Recognition of Employee Talent The 50/50 division of incentives Cash incentive according to performance Public Appreciation from Colleagues and seniors Reward system plays a vital role in business organization as it boost the morale of the employee and fills them with the sense of appreciation. Reward system promotes the self esteem of the employees and motivates them to perform even better. The work efficiency gets positively affected by the reward system. Open house discussion feedback Ideas are driving force of the world Employees are largest source of ideas Appropriate mechanism could be achieve by: Open house discussion Management- employee meetings Feedback boxes According to this we would discuss about features of exchange of ideas with an organization and how they help an organization to grow. Ideas are the driving force of the world that compels the world to push the existing limits of its periphery. Great organizations are capable of recognizing, nurturing and executing these great ideas. These great ideas were instrumental in the making the great organizations what they are today. The largest mines of ideas are the employees of the organization. The obstacles that might affect the organization adversely and stop the successful implementation of the ideas are an inappropriate mechanism to seize the ideas. An appropriate mechanism would encourage an equal level of participation of the employee in the exchange of information and ideas. An appropriate mechanism enhances through the implementation of the tools like open house discussion, management employee meetings and discussion sessions and feedback boxes that would enable the employees to provide ideas without hesitation. The implementation of the appropriate mechanism would help in locating and nurturing the talent that are present within the organization. Highlight Performers Profiling of the top performers Highlighting the performers Display the names of the performer on Intranet Display board Encourage other employees to perform well Creates a competitive environment This slide points out how to highlight best performers and the importance of doing that. Highlighting the best performers requires the profiling of the all the employees and selecting the best among them. The names of the best performers should be displayed through the intranet network of the company and the display board or any other way of displaying the names. This would encourage the employees and give them a sense of importance consequently the employee would work harder to maintain his position of excellence. Fair Evaluation System The link between organization goal and individual performance. Self evaluation system Achievement based evaluation Feedback from immediate manager Cross functional feedback from second manager This slides focuses on the implementation of an evaluation system that would be able to link the overall goals of the organization and the individual performer. Each and every employee should be guided by a well defined evaluation process. Self evaluation and self rating is an essential tool process through which an employee identifies his short comings and achievements. Through thus evaluation the employee comprehends which parts needs to be rectified and which needs to be maintained. The evaluation process needs to fair and founded on the basis of unbiased judgment thus needs to be linked with the evaluation of the achievements or failures of the employee over a period of time. The employer evaluation should be based done not only by the immediate manager of the employee but by next higher level manager to the employee. This is called cross functional feedback and it is add unbiased feedback and evaluation in the system. References Kooij, D.T., Guest, D.E., Clinton, M., Knight, T., Jansen, P.G. and Dikkers, J.S., 2013. How the impact of HR practices on employee well being and performance changes with age. Human Resource Management Journal, 23(1), pp.18-35. Longenecker, C. and Fink, L.S., 2015. Ten questions that make a difference for HR leadership: The distilled wisdom of two award facilitators. 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