TERM PAPER

IN
HUMAN RESOURCE
MANAGEMENT

MR. SIMEON P. VILLA

PROFFESSOR

JOHN REY TOGLE BSBA-

IV
 I. Human Resource of XYZ Company

II. Abstract

Job Specification and Analysis

Job Analysis is a primary tool to collect job-related data. The process results in
collecting and recording two data sets including job description and job specification.
Any job vacancy cannot be filled until and unless HR manager has these two sets of
data. It is necessary to define them accurately in order to fit the right person at the
right place and at the right time. This helps both employer and employee understand
what exactly needs to be delivered and how.

Both job description and job specification are essential parts of job analysis information.
Writing them clearly and accurately helps organization and workers cope with many
challenges while onboard.

Recruitment, Selection and Placement

Recruitment, selection and placement of human resource is a major part of an organization

overall resourcing strategies which identify and secure people needed for the organization to survive
and succeed. Better recruitment and selection procedure results in improved organisational outcomes.
The more effectively an organization recruits and select candidates particularly in adult education
organization the more likely they retain satisfied personnel. In view of the critical importance of the
personnel in the achievement of Adult Literacy Learning Programme (ALLPS). This paper therefore
attempts to discuss the procedure of recruitment, selection and placement of adult education staff and
the implications for the management of adult education in Nigeria. The paper concludes that it is
important to determine the strategy by which the recruit, select and place organization employee and
the contingent workforce in terms of their skills and technical abilities, especially in adult education
organization.

Orientation and Training

When a new employee arrives, he or she is likely to have preconceived ideas about
what is expected of him or her, and are likely to be anxious about making a good
impression. Often, those ideas are based either on prior experience, on word of mouth,
or on information the new employees have gathered through the media. None of these
sources will help a new employee if his expectations don’t match reality.

Orientation and training can serve many positive purposes. For example, they can:
 1. Lower costs by helping the employee get up to speed quickly and avoid time- or
money-consuming mistakes.
2. Help the employee to gain confidence and feel valued because he or she knows
the company’s system, people, and expectations.
3. Improve the employee’s performance by helping him or her to build skills and
relationships quickly.
Benefits and Compensation
Compensation and benefits refers to the compensation/salary and other
monetary and non-monetary benefits passed on by a firm to its
employees. Compensation and benefits is an important aspect of HRM as it
helps to keep the workforce motivated. It helps give benefits to employees based
on their performance and actions and brings the best out the employees at
workplace

Published by MBA Skool Team, Last Updated: May 12, 2020

What is Compensation & Benefits?

Compensation and benefits refers to the compensation/salary and other monetary and
non-monetary benefits passed on by a firm to its employees. Compensation and
benefits is an important aspect of HRM as it helps to keep the workforce motivated. It
helps give benefits to employees based on their performance and actions and brings
the best out the employees at workplace.

Importance of compensation and benefits

Companies hire people individual to achieve their organizational goals and people join
companies to earn money & build their career. One of the biggest factors why people
join companies in the compensation and benefits, salaries, perks, incentives etc which
is given to them. Apart from the company's reputation and job profile, the money offered
as a salary is pivotal in attracting people to work for the organization. The more the
compensation and benefits offered to employees, the more is their loyalty, motivation to
work and do well. However, companies which offer lesser salaries see a high attrition
rate and less productivity from employees. All these factors help in
making compensation and benefits an important factor in managing workforce. Salaries
of employees are defined by several parameters like experience, education background
etc. In senior management, skills like team management, communication management,
leadership, time management etc are also considered while finalizing the pay package.

Retirement Plans
Retirement planning is the process of determining retirement income
goals, and the actions and decisions necessary to achieve those
goals. Retirement planning includes identifying sources of income,
sizing up expenses, implementing a savings program, and managing
assets and risk. Future cash flows are estimated to gauge whether
the retirement income goal will be achieved. Some retirement plans
change depending on whether you're in, say, the United States, or
Canada, which has its own system of workplace-sponsored plans.

III. The reason that I chose this topic because, in the later months that

pandemic arise in our country many workers were granted by hazard pay

and there are also some who don’t that they expect they are qualified. I

find this interesting topic so that we will be able to know whom and how

hazard pay is given.

IV. Reaction