One of the most important elements in human resource management is compensation or remuneration. Therefore, it is necessary to frame sound policies and practices for employee compensation. Remuneration is the compensation an employee receives in return for his or her contribution to the organisation. Remuneration is concerned with needs, motivation and rewards. Managers, therefore, analyse and interpret the needs of [...]
Job specification is another aspect of job analysis. It describes the type of employee required (in terms of skill, experience, and special attitude, and test scores of various types) and outlines the particular working conditions that are encountered on the job. It is essentially a set of specification about people required on the job. The job specification (in the usual [...]
Downsizing literally means reducing the size of the organisation in order to cut costs, hive off unprofitable operations and improve operational efficiency. In fact, it is a restructuring process to meet the challenges of the environment. In the context of human resource management, downsizing involves elimination of certain jobs with a view to cut pay bill and improves work efficiency. [...]