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Employees development, administration, compensation, benefits and services
Employees development, administration, compensation, benefits and services
Developing and Evaluating Employees
Employee development is a process of working with employees to improve, enhance, refine skills, and to also develop newer ones, in support of the organization’s mission and goals.
Employee development is important because it can assure multiple benefits to all including employees, HR managers, and the organization as a whole.
Benefits and importance of employee development
Performance Improvement
Better handle unexpected situations
Learning culture inside an organization help attract new employees and improve loyalty
Save money via retaining employees
Help grow potentially good employees into great leaders
An employee evaluation is the review of a worker’s performance. Most companies have an employee evaluation system wherein employees are evaluated on a regular basis
Administering Employee Compensation
Employee compensation is the total amount an employee can expect to receive when working for an organization. Employee compensation is generally one of the largest costs or expenses for any organization.
The main objective of administrating employee compensation is to establish and maintain a balanced system which enables an employer to attract, obtain, retain and stay motivated.
Objectives of administering employee compensation
Enable an organisation to have the quantity and quality of staff it requires.
Retain the employees in the organisation.
Motivate employees for good performance for further improvement in performance.
Maintain equity and fairness in compensation for similar jobs.
Achieve flexibility in the system to accommodate organisational changes as and when these take place.
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Employee Benefits and Services
Benefits are any perks offered to employees in addition to salary.
Common benefits:
1.Medical Insurance
2.Disability, and life insurance
Retirement benefits
Domestic Partner Benefits
Paid Time Off
Employee benefits are important because it an organizations investment in not only their overall health, but their future. A solid employee benefits package can help attract and retain talent and differentiate one business from competitors.