The functions of HR managment 2

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The Functions of HR Management 2

Safety

refuse dangerous work if they have reasonable cause to believe that a situation constitutes a danger.

identify and resolve job-related problems in safety and health.

be informed about known or foreseeable hazards in the work place.

Subtopic

This legalization is intended to prevent accidents, injury, and disease related to employment activities. Employees have the right to :

Heath

When an employee becomes ill the business suffer a double loss. This is because they lose the workers skill's productivity. They still have to pay the employee their full wages.

They also provide a sick pay.

Since businesses benefit from healthy employees, many companies offer wellness programs.

Salary plus Comission

This commission is usually quite small, and is in addition to salary or hourly wages. It is an incentive that encourages employees to work harder.

Salary

Employees receive a fixed amount of money on a regular schedule,such as weekly or monthly which is called a Salary. Most of the time it is expressed as a yearly amount. Salaried jobs most of the time do not count how many hours they have to work. If employees work overtime, they don't get paid.

Departures

Human resources department can arrange exit counselling. During the exit interview, an employee can discuss his or her future goals and make sure that leaving is the best way to achieve the goals.

Incentive Bonus

Many Businesses offer a Bonus, or reward, for good performance. At times, this type of reward is called variable pay.

If the employee meets the goal, they receives a reward such as a car, a trip , extra cash, etc.

Stock Options

The buisiness gives employees an opportunity to buy company shares this is called stock options. People can earn money if the stocks prices rises and they sell it. Stocks help both the employee and the employer.

Performance Based Pay

Some piecework factories become known as sweatshops. Not only are wages low, but employees are forced to work in unsafe and unhealthy conditions.

Piecework is a form of compensation is widely used in the clothing industry. It rewards skill and speed.

Is calculated on the amount of a particular product that an employee can make.

Dismissals

The company may also provide outplacement counselling to ease the employee's transition by helping him or her search for a new job.

Many companies provide a severance package to a dismissed employee. This package often contains a final payment, which usually depends on the amount of time the employee has worked for the business

Companies also dismiss employees to cut back expenses. this type of dismissal is called employee layoff.

Many firms conduct corrective interviews. During a corrective interview, the employer discusses problems with the employee and, together, both parties make a plan for improvement.

Perks

Hourly Wage

This is the most common form of payment method you are paid based on how many hours you have worked.

If you work more than the regular hours or work on a holiday you get more money and it is called overtime

Minimum wage is the lowest hourly wage someone can receive.

Straight Commission

This is a form of compensation and it is based on the employee's sales. If an employee sells a lot of products or high priced items they are paid straight commission

Catering and cleaning businesses often receive a fee for service and they estimate how much it will cost in time and materials

Fee for service

Royalty or Licensing Fee

If you write a book or create an idea you can sell it and earn licensing fee of royalty fees. Many companies that do this are like spotify, they licence songs from artist and put them on their app.