Preview

Rad Pravi

Satisfactory Essays
Open Document
Open Document
358 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Rad Pravi
HUMAN RESOURCE MANAGEMENT

ESSAY
Which best HRM practices described by Pfeffer & Veiga would be useful for BiH public sector organizations and why?

Professor: Student:
Nada Zupan Vedran Delija

Sarajevo, June 2013.
Content
* Introduction * Best HRM practice for public sector * Conclusion * References

Introduction

There has been no authoritative definition of HRM best practice that has been agreed upon by academics or practitioners. But there are several definitions that have been combined by underlying factors of HRM best practice, that allow us to gain understanding of the topic.
According to Pfeffer & Veiga there are seven practices for a successful organization:

* Employment Security * Selective Hiring * Self - Managed Teams and Decentralization as basic elements of Organizational Design * Comparatively High Compensation Contingent on Organizational Performance * Extensive Training * Reduction of status Differences * Sharing information

Best HRM practice for public sector

According to my opinion the first best HRM practice in public sector is selective hiring. Primary goal of selective hiring is is getting the most suitable candidates for the vacant position. It applies to both external and on the internal recruitment, which selection criteria and channels are used, interview strategies, and other methods designed to recruit the most suitable candidate for the position.

The next one is effective compensation strategies. They are definitely the best method to achieve the greatest level of high commitment. This is created through compensating the employee in line with their superior performance, either through financial or non-financial means.

Comparatively High Compensation Contingent on Organizational Performance. This area is linked to the area of performance appraisal. If the



References: * Readings from lectures ( article Pfeffer & Veigo „ Putting people first for a successful organization “) * Presentations from lectures * www.business.otago.ac.nz

You May Also Find These Documents Helpful

  • Powerful Essays

    Rwt1 Wgu Business Report

    • 2510 Words
    • 11 Pages

    Within this business report, I have analyzed three different employee compensation strategies that I feel could be well executed within our organization. Employee compensation is key to recognizing and rewarding our employees for their performance and contributions to the overall company’s success. Because it is a signficiant factor, we need to carefully evaluate the three options in my report.…

    • 2510 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Hr590 Final Project

    • 2368 Words
    • 10 Pages

    "Use Compensation Strategy as a Tool to Motivate Your People." Strategic Human Resource. SBI, n.d. Web. 20 Oct 2012. .…

    • 2368 Words
    • 10 Pages
    Powerful Essays
  • Best Essays

    Rwt 1

    • 3982 Words
    • 16 Pages

    Stillwell, L. (2002, December 16). Performance-based compensation increasingly popular. The business review, Retrieved from http://www.bizjournals.com…

    • 3982 Words
    • 16 Pages
    Best Essays
  • Powerful Essays

    Mr. Zaboschuk

    • 2303 Words
    • 7 Pages

    Ferracone, R. A., & Borneman, J. P. (2001). Putting pay for performance back into incentive programs. Compensation & Benefits Management, 17(4), 29.…

    • 2303 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Lawler, E. B. (2012). What Makes performance appraisals effective? Compensation & Benefits Review vol. 44 no. 4, 191 – 200.…

    • 1806 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    BUS115MOD3

    • 675 Words
    • 2 Pages

    First is what are the needs of the company; deciding what types of individuals are need in order to suite the companies demands and conserve the expenses of hire. Then what types of individuals are going to be selected, going through applications, resumes and once selected their references. Setting up interviews, and scaling employees for those best suited, consulting with department managers and having them perform their own interviews if necessary. Performing job offers and salary/benefits negations to signing contact papers of the details of the job expectations, employee benefits, salary, and all other details that the position may include. In order to fulfill my needs as an HR manager I would first, assess the past, current, and future projections of the company and its needs. Then I would look at economic growth or decline and see how that has affected the course of business followed by forecasting the internal employees and the external employees against the trends of the company. Are employees happy or is there high turnover? After this would become the recruitment phase in which advertisements for hire would need to be placed among the market.…

    • 675 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    BUS 303 Week 3 Assignment

    • 470 Words
    • 2 Pages

    The performance appraisal, when properly carried out, can help to fine tune and reward the performance of present employees. Strengths of the negotiated performance appraisal are its ability to promote candid two-way communication between the supervisor and the person being appraised and to help the latter take more responsibility for improving performance. In contrast, in the traditional performance appraisal, the supervisor acts more as a judge of employee…

    • 470 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Section 1 Questions

    • 1272 Words
    • 5 Pages

    In order to establish best practice in any area of HR, recent developments in legislative parameters needs to be considered and researched to determine compliance, governance, and effectiveness of a policy or procedure.…

    • 1272 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    References: Pfeffer, Jeffrey & Veiga, John (1999). Putting People First for Organizational Success. Academy of Management Executive, 13(2), Retrieved April 15, 2010 from http://proxy.devry.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&Auth…

    • 6664 Words
    • 27 Pages
    Powerful Essays
  • Good Essays

    This paper reviews the role of human resource management (HRM) which, today, plays a strategic partnership role in management. The focus of the paper is on HRM in the public sector, where much hope rests on HRM as a means of transforming the public service and achieving much needed service delivery. However, a critical evaluation of HRM practices in the public sector reveals that these services leave much to be desired. The paper suggests the adoption of benchmarking as a process to revamp HRM…

    • 1039 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Reflective Paper

    • 2976 Words
    • 12 Pages

    An effective HRM focuses on action rather than on record-keeping, written procedure, or rules. Although the use of rules, records, and policies are incorporated, “action” is the focus. The HRM emphasizes the solution of employment problems to help achieve organizational objectives and facilitate employees’ development and satisfaction. An effective HRM is, also, people-oriented. Whenever possible, the HRM treats each employee as an individual and offers services and program to meet the individual’s needs. An effective HRM program is concerned with helping an organization achieve its objectives in the future by providing for competent, well-motivated employees. Human resources are incorporated into an organization’s long-term strategic plans to assist with ensuring that future growth needs will be adequately staffed with qualified, trained employees (Ivancewich, 2010, pg 5).…

    • 2976 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    The Ipremier Company

    • 1588 Words
    • 7 Pages

    All employees will subject to quarterly performance appraisal that tied directly to the compensation. It’s competitive environments work, whereby unsuccessful managers will not last long.…

    • 1588 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Lincoln Case

    • 541 Words
    • 3 Pages

    ‘Best practice’ and ‘Best fit’ are two very well known approaches to Human Resource Management (HRM). There is much debate over which approach is the more beneficial strategy for an organisation to adopt. ‘Best practice’ approach to HRM believes that “there are certain ‘best practices’ that are always a profitable choice because they universally improve organisational performance” (Kaufman and Miller, 2011). This approach focuses on what is referred to as the ‘horizontal fit’ which emphasises that “all HR policies and activities fit together so they make a coherent whole, are mutually reinforcing and are applied consistently” (Torrington et al., 2005). Pfeffer has done ample research in this area and in 1998 he introduced seven key HRM practices in relation the ‘best practices’ approach, which he felt were the most beneficial and predominant practices needed for success. These include: employment security, selective hiring of new personnel, pay-for-performance, extensive training, reduction of status differentials, workplace teams & decentralisation, business information sharing with employees, and high pay contingent on organisational performance.…

    • 541 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    It is a tangible form of recognition and motivates employees to achieve more in the tryst of achieving and producing worthwhile results. Based upon the bracket to where the employee scores on the final evaluation of the performance appraisal system, the employee can be rewarded performance incentives in the following way –…

    • 1280 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    HR practices in Insurance

    • 427 Words
    • 2 Pages

    Human Resource Management (HRM) is a planned approach to managing people effectively for performance. It aims to establish a more open, flexible and caring management style so that staff will be motivated, developed and managed in a way that they can give of their best to support departments* missions. Good HRM practices are instrumental in helping achieve departmental objectives and enhance productivity. For the purpose of sharing experience and providing reference in launching HRM initiatives, we have gathered in this booklet some good examples introduced by departments.…

    • 427 Words
    • 2 Pages
    Satisfactory Essays