StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Human Reource management for Samsung - Essay Example

Cite this document
Summary
Samsung Strategies of Human Resource M anagement Name Institution Course Samsung Strategies of Human Resource M anagement Introduction Samsung is an outstanding company with unique products in the market. However, it is critical for the company to establish effective strategies by ensuring that employees have the right motivation towards work…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.4% of users find it useful
Human Reource management for Samsung
Read Text Preview

Extract of sample "Human Reource management for Samsung"

Download file to see previous pages

The organizational structure also determines the approaches used in decision-making. This paper will present a report on the strategies that Samsung can adopt to register high performance and ensure a favorable working environment. Motivation and Reward This section will present an analysis of the motivation and reward procedure used by Samsung. In a bid to motivate its workers, Samsung has a very modern strategy, which offers the workers with a diverse range of possibilities. For starters, the managers in Samsung have made sure that the working hour-schedule suits the employees in conformity to their preferences, a factor that ensures that people are enthusiastic of each day’s work.

Employees have a clear ascending path in the company, with the option to remain at the level of an individual contributor or become a manager (Pattanayak, 2005). It gives the employee awareness that if he does a good job, he will very likely ascend in the hierarchy, and receive a bigger salary and extra benefits. It is a strong motivational factor as the employee receives an adequate challenge, and the outcomes of staying with the company. Samsung has adopted a “pick your package” style of benefits for the employees. . Moreover, Samsung is working on improving their workplace to offer a free catering, Starbucks gym, and social club on-site.

Some optional benefits include social events, holidays, activities within the company, and many more, to maintain a good relationship between the company and the staff. This human resource strategy has shown its viability as evidenced by its adoption by companies such as Google and Kaspersky labs. The feedback collected from the employees indicates a feeling of satisfaction and a will to progress within the company (Pattanayak, 2005). Evidently, Samsung has achieved its goal in terms of motivation and reward.

Samsung has also considered establishing goal incentives. This is an additional performance-based pay system to reward employees for improvement in their work efficiency. This system makes use part of the extra profit generated because of the effective performance of the management, human resource, facilities, and technology of our company (Lindholm, Yarrish, &Zaballero, 2012). When a business unit achieves good business performance, it allocates part of the extra profit to executives and employees.

Under this system, part of an employee’s salary is determined based on the collective performance of the group. This is a variable reward system, under which executives and employees receive part of the profit in cases where a high performance that exceeds the goal is registered. Organizational Change and Culture This section describes Samsung's organizational change and culture, with admiration to RensisLikert’s participative decision-making theory. According to this theory, employers should seek to allow

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Human Reource management for Samsung Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Human Reource management for Samsung Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/management/1492466-human-reource-management-for-samsung
(Human Reource Management for Samsung Essay Example | Topics and Well Written Essays - 750 Words)
Human Reource Management for Samsung Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/management/1492466-human-reource-management-for-samsung.
“Human Reource Management for Samsung Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/management/1492466-human-reource-management-for-samsung.
  • Cited: 0 times

CHECK THESE SAMPLES OF Human Reource management for Samsung

Competetive Strategy Analysis: Samsung

Competitive strategy analysis – samsung Table of contents Introduction 3 Porters Five Forces 3 The Value Chain 10 Strategic Clock 14 Summary 17 References 16 Introduction samsung is one of the leading firms in the global electronics industry.... Since its establishment in 1938 (samsung History 2013), the firm has managed to achieve an impressive growth, expanding its activities in several countries.... The analysis of this model's elements would help to understand its value for evaluating the potentials of samsung in the global electronics industry....
12 Pages (3000 words) Essay

Factors influencing decision making in organizational change: a case study of Samsung Electronics

Before 1993, samsung Electronics was just a second-level manufacturer of low-quality television sets (Park & Gill, 2006).... In 1993, however, the management at samsung Electronics made a decision diversify their products and start making high-quality electronics.... As Park & Gill (2006) state, samsung Electronics was moving from a cost-oriented manufacturing company to a quality-oriented one.... Although this seemed like an extremely ambitious move, samsung Electronics was hopeful that the company would be able to undertake the new venture, especially due to the samsung Advanced Institute of Technology (SAIT)....
7 Pages (1750 words) Essay

Corporate Social Responsibility in Samsung

Corporate Social Responsibility: samsung Introduction The operation of companies and multinationals are today guided by international standards and regulations that call for social responsibility and commitment not only to the consumers and the target market but to the entire society.... samsung is electronic manufacturing multinational that is based at the samsung town in Seoul, South Korea and was founded by lee Byung-Chul in 1945; samsung has grown to be one of the leading manufacturers of household electronics and other computer devices....
10 Pages (2500 words) Essay

The Secret of Samsung's Success

Name Institution Instructor Course Date The Secret of samsung's Success Introduction samsung was founded by Byung-Chull Lee in 1938 in Korea.... hellip; samsung built huge companies based on sugar and seasonings and textiles; and LG on chemicals for household and industrial consumption (Michell, 13).... samsung claims to have the largest share in the global smart phone market, which is because of the Galaxy smart phones by samsung....
4 Pages (1000 words) Essay

Evaluation of advertisement campaign

In this context, the advertising campaign by samsung will be chosen and the same will be evaluated.... The mobile phone industry has been growing at a rapid pace since the last couple of decades.... One of the major rationales towards this exponential growth is the robust innovation and creativity within the industry (Ahlstrom and Bruton, 2009)… The mobile phone industry has been growing at a rapid pace since the last couple of decades....
4 Pages (1000 words) Essay

Sustainability Framework on Apple and Samsung

This paper "Sustainability Framework on Apple and samsung" will analyze two companies in the same industry in regards to their efforts to reduce environmental pollution.... hellip; It is an obvious assumption that Apple and samsung have put in place mechanisms to increase their environmental relationship.... However, samsung has gained certification for its indulgence in changing the environment making its frameworks more efficient.... samsung has been viewed as a leader in this particular industry....
11 Pages (2750 words) Assignment

Leadership Development Plan for Samsung

With the establishment of more telecommunication firms, there is growing competition that requires a leadership approach in securing samsung's market share.... A review and analysis of samsung's revenue for the past three years will be helpful in understanding the influence of competition on the company.... The trends in revenue in comparison with those of close competitors will provide insight on how samsung is fairing on in the market.... Customer satisfaction surveys will give a glimpse of the reality in how the market perceives samsung's products....
9 Pages (2250 words) Assignment

Samsung as a Globally Acclaimed Brand

Culture emerges as a key concept in globalization for samsung and any firm seeking to enter the global market.... Lee realized that for samsung to succeed in the global market, it had to have a global outlook that is tandem with global market needs and trends.... samsung has also invested heavily in human resource development and training.... -Innovation-Market research-Managing human resourcesQuotesFrom the article, a major quote that captures the content of this course is;Into a homogeneous workforce, samsung introduced outsiders who could not speak the language and were unfamiliar with the company's culture....
7 Pages (1750 words) Article
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us