Professional Documents
Culture Documents
Management Semester - 4
Questions:
Ans: By selecting best candidate for the required job, the organization will get quality
performance of employees. Moreover, organization will face less of absenteeism and
employee turnover problems. By selecting right candidate for the required job,
organization will also save time and money.
The Concept of selection: The Selection is the process of choosing the most suitable
candidate for the vacant position in the organization. In other words, selection
means weeding out unsuitable applicants and selecting those individuals with
prerequisite qualifications and capabilities to fill the jobs in the organization.
Importance of Selection
Selection is an important process because hiring good resources can help increase
the overall performance of the organization. In contrast, if there is bad hire with a
bad selection process, then the work will be affected and the cost incurred for
replacing that bad resource will be high. The purpose of selection process is to pick
up the most suitable candidate who would meet the requirements of the job in an
organization best, to find out which job applicant will be successful, if hired.
1. Good Talent
Proper selection system enables the organization to appoint talented persons for
various activities and thereby leading to improved productivity and profitability of
the organization.
2. Better Efficiency
Selection of right person to the right job is sure to produce better quality of work
and may facilitate faster achievement of objectives. This will help in greater measure
to tone up the overall efficiency of organization.
4. Reduced Turnover
Proper selection of candidates contributes to low labour turnover. This will intern
help the organization to minimize recruitment cost.
5. Job Motivation
If the right person is selected for the right job, it tends to motivate the person to
work more effectively and efficiently. They feel that their skills are properly used and
they tend to contribute more attention to the job.
6. Other Benefits
1. Labor/Talent Shortage
6. Talent Pools
The first few months on the job are most influential for new employees. This is an
ideal opportunity to the new employees to confirm that they made the right decision
of becoming part of the Organization. Integration also helps the company to
strengthen its culture and reinforce the same.
Level 2: Values: The espoused values a company has such as its stated goals,
strategies, and philosophies.
Cultural shift: During the life cycle of a company is not uncommon. Companies
effect a cultural shift from outdated values such as life time employment,
entitlement and complacency (i.e., “that’s the way we do things here is fine”), to
a desired culture of accountability, collaboration, and innovation.
New employees are the ideal population who can be trained from the start, to
embrace the new culture and exhibit behaviors that are in alignment with the
new values. They have no reason to resist this culture shift as long as the
appropriate reward mechanism are in place. They are the perfect change agents.
People need to be act together. When people work as teams, Peter Senge,
‘Strategist of the Century (20th)’ as per the Journal of Business Strategy, says, not can
be good there be good results for the organization, but also members will grow more
rapidly than could have occurred otherwise. There happens team learning. The
discipline of team learning starts with ‘dialogue’, the capacity of members of a team
to suspend assumptions and enter a genuine ‘thinking together’.
Organization learn and become skilled organizations only through individuals who
learn newer skills quit continually. Individual learning does not guarantee
organizational learning. But without it no organizational learning occurs, says Senge.
Employees must acquire personal mastery in their professional skills.
New employee must get connected to resources of the organization. Resources are
diverse. IPR, Information, Finance, Capable People, Market Space Work Space,
Operating Facilities, Suppliers, Customers, Clients, Logistics, Time, Energy, Power
Positions, etc. are resources. Appropriate connection to resources is needed for
effective integration.
This list only scratches the surface of the equalization benefits that can be
offered in terms of financial allowance, social adjustment assistance, and transitional
support for the expatriate’s family.
The Company's obligations under this Plan shall not be funded and Equalization
Benefits under this Plan shall be payable only out of the general funds of the Company.
Special Equalization Benefits provided to Eligible Employees who are not subject to such
disclosure rules shall be set forth in a separate confidential schedule to the Plan that is
administered by the HR Director-Executive Personnel Office.
superannuation benefit means any payment, other than a refund of contributions, made to
a dentist by virtue of the application of the (a) National Health Service Pension Scheme
Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland)
Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland;
as a result of his providing general dental services;
Termination Benefits means (i) a lump sum cash payment equal to 100% of the sum of (A)
Executive’s annual base salary at the rate in effect under paragraph 3.1 on the date of
termination of Executive’s employment and (B) the highest annual incentive compensation
payment paid to Executive by Company (pursuant to paragraph 3.2 or otherwise) during the
three years prior to the date of termination of Executive’s employment, and (ii) all of the
outstanding stock options, restricted stock or unit awards and other equity based awards
granted by Company to Executive shall become fully vested and immediately exercisable in
full on the date of termination of Executive’s employment; provided, however, that if a
Change in Control occurs prior to the earlier of the consummation of an Initial Public
Offering and June 30, 2007 and the Executive’s employment is terminated prior to the
consummation of such Change in Control, then the percentage used in clause (i) of this
definition shall be zero.
Additional Benefits means those benefits in addition to the rights and remedies available
under the Australian Consumer Law.
Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—
Medical Benefits means the monthly fair market value of benefits provided to the Employee
and the Employee’s dependents under the major medical, dental and vision benefit plans
sponsored and maintained by the Partnership, at the level of coverage in effect for such
persons immediately prior to the Employee’s termination of employment date. The
“monthly fair market value” of such benefits shall be equal to the monthly cost (including
any applicable administrative fee) to the Employee as if the Employee elected COBRA
continuation coverage at the level of coverage in effect at such time for the Employee and
the Employee’s dependents at their own expense.
Severance Pay means any amount that is payable in cash and is identified by a Participating
Company as severance pay, or any amount which is payable on account of periods beginning
after the last date on which an employee (or former employee) is required to report for
work for a Participating Company.
Accrued Benefits means the following amounts, payable as described herein: (i) all base
salary for the time period ending with the Termination Date; (ii) reimbursement for any and
all monies advanced in connection with the Executive’s employment for reasonable and
necessary expenses incurred by the Executive on behalf of the Company for the time period
ending with the Termination Date; (iii) any and all other cash earned through the
Termination Date and deferred at the election of the Executive or pursuant to any deferred
compensation plan then in effect; and (iv) all other payments and benefits to which the
Executive (or in the event of the Executive’s death, the Executive’s surviving spouse or other
beneficiary), including those provided pursuant to Exhibit A, is entitled on the Termination
Date under the terms of any benefit plan of the Company, excluding severance payments
under any Company severance policy, practice or agreement in effect on the Termination
Date. Payment of Accrued Benefits shall be made promptly in accordance with the
Company’s prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses
(iii) and (iv), pursuant to the terms of the benefit plan or practice establishing such benefits.
Additional gap medical benefits means the benefits (if any) payable in respect of medical
expenses that are more than the schedule fee and which otherwise meet the requirements
of the fund’s no or known gap policy, provided always that the medical expenses relate to a
professional service that: Plan Benefit means the benefit payable to a Participant as
calculated in Article V
Supervisors are low level managers who, ‘lead and direct’ employees in work towards the
organization’s objectives. Supervisors stand in between the employees on the one hand and
the top managers on the other hand. They are thus both managers and the managed and
that they often feel that they are ‘caught in the middle’. The supervisors duties and
responsibilities are divergent, since he is accountable to higher management as well as to
the employees and labour unions. The job of supervisors is such that they could not have a
sigh of relief at any time. In most cases, the employees from one side charge the supervisors
for poor working conditions, facilities, pay, etc. and the top management from the other side
accuse them for labour turnover, absenteeism, unrest and poor production. Thus to work as
a supervisor one needs many skills, leadership, technical and human relation skills are the
various requisites. He must be a knowledgeable person in company policies, practices,
programs and plans, and also in work and methods of work, quality control, shop
maintenance, industrial relations and all that. To sum the work of a supervisor is pretty
complex.
Hence the need for training, through which one could be made an effective
supervisor. In the following section the training needs of a supervisor are discussed.
i. With the growth of the organization, more and effective supervisors are needed.
ii. Trained supervisors are potential executives.
iii. Smooth and effective functioning of the organization depends on the calibre and
characters of supervisors.
iv. Trained supervisors would be able to solve problems effectively.
v. Peaceful industrial relations could be made feasible through effective training for
supervisors.
Training needs of supervisors should be first ascertained and the methods used to
ascertain them are:
a. Survey of employee attitudes would through some light on the need for and
specific needs of supervisor training;
b. Survey of supervisors themselves would bring in a vast mine of data relating to
training needs of supervisors. Suggestions as to training needs could be
welcomed from supervisors them-selves,
c. Top management, by itself could identify the training needs of supervisors
d. Training department of the organization and
e. Outside consultants may be deputed to find the training needs of supervisors.
There is a peculiar problem as to selection of persons for supervisor training. That is,
whether an organization first select supervisors and after that they be trained or give
training to prospective supervisors and then choose from among them, the needed number
of supervisors based on aptitude during the training process. The practice depends on the
management policy. In certain cases shop stewards are upgraded a supervisors and
necessary training is given to them.
The specific training needs of supervisors can be ascertained through, job analysis,
organization structure promotion charts, etc. asking the supervisors themselves as to what
are their needs is one of the methods. But this method has certain drawbacks, since most
persons may not be knowing what their needs are; even if they are aware of their needs,
they not reveal the true picture. However, the supervisor- trainees must be interviewed,
tested and encouraged so that they are having the needed aptitude interest, ability and
personality to benefit from supervisor training programs.