• Home
  • Subjects
  • Miscellaneous
  • THE DIFFICULTIES IN RECRUITING, TRAINING, MOTIVATING AND REWARDING STAFF IN A GIVEN FINANCIAL SERVICES COMPANY

THE DIFFICULTIES IN RECRUITING, TRAINING, MOTIVATING AND REWARDING STAFF IN A GIVEN FINANCIAL SERVICES COMPANY - Essay Example

Extract of sample
THE DIFFICULTIES IN RECRUITING, TRAINING, MOTIVATING AND REWARDING STAFF IN A GIVEN FINANCIAL SERVICES COMPANY

ensures that the employees are as enthusiastic about the business and they are devoted towards their organization.
Involving employees in taking decision for the company and their opinion for making improvement leads company to success. If top management involves their employees in company's affairs, they will feel recognition and self respect and they will perform even better. It also helps in building trust and motivates employees.
Bonuses or reward can also be a good and effective way to encourage and motivate employees. Through this process, they will get to know that, they are performing well in the organization and they are beneficial for the company as well. Bonus must be designed in such a way that people or employees understand that there is no payment in terms of bonus unless the company gets the profit and also exceeds the level of profitability. Bonus and reward is also based on team's success and the individual's performance.
Feedback is also an important factor in HRM process. If an employee or a person is performing well, he will participate to enhance or Increase Company's productivity. ...Show more

Summary

Human resource management (HRM) is a vast area and its theory and practices provide understanding the organization and its employee's problems. It is based on organizational behavior and it includes several issues including Safe, Healthy and Happy Workplace, management style, performance reward and bonuses, evaluation or appraisal system, feedback system, knowledge sharing and exchanging of ideas and taking opinion of the employees and so on.
Author : kinglorine
Save Your Time for More Important Things
Let us write a custom essay on your topic
"THE DIFFICULTIES IN RECRUITING, TRAINING, MOTIVATING AND REWARDING STAFF IN A GIVEN FINANCIAL SERVICES COMPANY"
with a personal 20% discount.
Find out more

Related Essays

Financial Services
The more the investment by the owners the more they attract the financing. When the equity to debt ratio of the firm is high then debt financing should be taken. If the proportion of the debt to equity ratio of the firm is high then it is advised that the owners should increase their equity investment, that way they cannot jeopardize firm's survival.
7 pages (1750 words) Essay
Human Resources Management Master Essay
Core areas of HRM include the individual, the organization and the social context of work and how all of these factors shape relations at work and result in organizational performance. To get the optimum from a satisfied and participative individual is considered to be the ultimate objective of HRM policies.
18 pages (4500 words) Essay
Stragegic management of human resources
Increasing attention to human resources has recently called into being a new set of methods, principles, techniques, and practices known as Human Resource Management (HRM), Human Resource Planning (HRP) and Human Resource Development (HRD) (Beardwell, Claydon & Holden, 2003; Reid, Barrington & Brown, 2004).
26 pages (6500 words) Essay
Report explaining the difficulties in recruiting, training, motivating and rewarding staff in a given Financial Services company
tive motivating and rewarding strategies to encourage its staff to become more inspired not only in delivering good service to its customers but also in terms of staying loyal to the company. Upon conducting a quantitative and qualitative survey analysis to a total of 8 NatWest
10 pages (2500 words) Essay
Lack of staff training
The training and development of staff is predominantly based on the fact that staff skills bear direct relation with the growth of the organization and the requirement to grow the
9 pages (2250 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT