Does compensation system motivate the executives, explain with examples?
Answer 1.Discuss the challenges of Human Resource Management in the present business scenario. Explain why HRM has become more important than ever. Explain with respect to the organization you know about, while describing the organization as well. SEVEN IMPORTANT ENVIRONMENTAL CHANGES, WHICH HAS AFFECTED THE HRM STYLE. 1.GLOBALIZATION OF BUSINESS. – creating a global mind-set within the HR group, creating practices that will be consistently applied in different locations/offices while also maintaining the various local cultures and practices, and communicating a consistent corporate culture across the entire organization. ————————————————————– 2. BUSINESS ALIGNMENT -considering the HR function not as just an administrative service but as a strategic business partner. Companies are involving the human resources department in developing and implementing both business and people strategies. —————————————————- 3.MOB
