HR Blogs

  Performance management is a corporate management tool that helps managers monitor and evaluate employees' work. Performance management's goal is to create an environment where people can perform to the best of their abilities and produce the highest-quality work most efficiently and effectively. (Tardi, 2019) When describe the performance management system there are four parts in there. Those are as below, 1.        Performance planning 2.        Acting 3.        Monitoring 4.        Reviewing Reviewing is the last step of the performance management process. At the end of the year, the management and the employee meet to review the previous year and see if goals were met. This is another opportunity to build collaboration with the employee. The more involved they are in the other stages of the performance management cycle, the more motivation they will have to...

  Human resource management (HRM) can be defined as “planning, implementing, and evaluating programs for the people in an organization, in a fashion consistent with the organization's strategies and values.” (Chai, 2019) When we discuss about the importance of developing best HR practices in manufacturing sector, is something different from other sectors according to the Sri Lankan context. HRM has recently been recognized as an important source of sustained competitive advantage for a firm, a source of advantage through the people, unlike other resources such as technology etc. Developing talented team is a precious asset to the company’s balance sheet. And also, human equation can be done through the best HRM practices among the employees in the company. In today’s world HR accounting is more important in the firms which can be denoted how the employees in the company are performed well to earn values or profit according to the investments that the company put them to training an...

  The task of developing a strategic rewards framework for organizations is usually challenging but necessary to survive in the competitive and changing market place. The process however cannot be copied from the organizations but needs to be designed, developed and grown within the unique environment of the organization (Wilson, 2003). A well-designed incentive program rewards measurable changes in behavior that contribute to clearly defined goals. The challenge in developing such a program lies in determining what rewards are effective agents of change what behaviors can be changed, the cost and benefits of eliciting change (Hartman et al,1994). Employees should be aware of the relationship between how they perform and the rewards they get. Organizations should apply performance management programs which assist in planning employee performance and monitor performance by effecting proper measuring tools Rewards should be used as a way of strengthening good behavior among employees...

  Employee Development can be described as often referred to as professional development or staff development is the process during which employees, with the support of their employer, go through professional training or pursue learning opportunities to improve heir skills and grow their knowledge and careers. (Valamis, 2021) Employees are very important part to the organization. Talented and skillful employees are valuable assets to the organization. Today modern world most of the businesses believe key factors of the business is employees. ·        When organization has performed employee’s organization able to achieve goals ·        Successful employees pay attention to meet deadlines, build organizational brand via customer interaction and make sales ·         Once employees do not perform effectively organization has to face many problems ·        When e...

  Diversity Management can be defined as difference in ethnicity, gender, physical ability, Age, sexual orientation, education level, characteristics and personality of people. Diversity management can be explained as a process intended to create and maintain a positive work environment where the similarities and differences of individuals are valued . (Patrick and Kumar, 2012) Diversity is more important to the organizations. There are lots of reasons to it. Some of them are support to drive economic growth, Enhance the firm’s reputation with stakeholders, this is help to reduce turnover cost and absenteeism, recruiting from a diverse pool brings benefits such as different skills, abilities, and perspectives, Contributes to employee commitment and positive morale. When organization has diversity policy employee or stakeholders able to find diversity policy within the organization. Some of the best places to find it is Department of Human Resource management, through company owner,...

  Employee engagement can be described as the emotional commitment of the employees to the organization and the organizational goals. On the other word, this can be expressed as feeling passionate about employees on their jobs. (Kruse, 2012, Custominsight.com, 2019) When employees have employee engagement they are committed to the organizational values and goals, motivated and contribute their best to the organization. Employee engagement depends on communication between employees and organization, trust, integrity. This is a good approach to the success of the business and also individual performance, well-being and productivity. (Engage for Success, 2015) Otherwise when the workplace has employee engagement in their employees are motivated and caring about their jobs. Why employee engagement is important ·         It will improve the productivity and innovation of the workplace ·         It will reduce the abse...