Q60. What is Fringe Benefits?
Answer: A collection of various benefits provided by an employer, which are exempt from taxation as long as certain conditions are met. Any employee who receives taxable fringe benefits will have to include the fair market value of the benefit in their taxable income for the year, which will be subject to tax withholdings, and social security benefits payments.
Q61. What is Employee Morale?
Answer: Employee morale is the relationship that a particular employee or a group of employees have with their work and the organization they work for. High employee morale means that employees are happy, and this is reflective in the kind of work they produce. On the other hand, low employee morale results in less productivity and pessimism among employees. It is important for every organization to continually keep employee morale high.
Significance
Employee morale is part of workplace culture and it is important in the company. When workers are happy, they tend to be more efficient because they enjoy their work. It is important that employees don't feel overworked and burdened by their job. Employee morale gauges organizational culture and how employers' treatment of their employees impact how the employee thinks about the organization as a whole.
Develop
First and foremost, better communication improves employee morale. Encouraging employees to reason better and communicate their ideas effectively will result in better understanding of each other. This also develops leadership in employees and teaches them how to be assertive. Regular evaluation also helps keep things in check. Top management should make it a point to talk sincerely to their employees and staff and build a solution to resolve any issues present. Managers should make any expectations known.
Effects
High employee morale results in a highly effective team. A nurturing and supportive environment helps employees do their best work and share ideas without fear of being ostracized and ridiculed. High morale is also an indication of job satisfaction, which helps organizations keep employees. Employees are also more aware of their environment and will be more forward in asking for help and support, thus resolving issues because they get worse.
Considerations
The human resources department of a company gauges employee morale and participates in activities and events that would help boost employee morale. Team-building exercises are particularly important, because when employees are working in harmony, they tend to help each other, thus collectively relieving the amount of work that needs to be done for the company.
Expert Insight
One of the best ways to boost employee morale is to reward hard work. An employee may sometimes feel burdened by the amount of work that needs to get done and could start thinking about the value of the work versus the amount of pay he receives. By recognizing the hard work of an individual, employees are more likely to want to show their skills and contribute more because they know they are appreciated. Recognition, not just monetary compensation, is an incentive that will keep an employee setting higher standards and doing more in his job.
Q62. What are your positives and negatives as a HR?
Q63. What is the best way to develop pay systems that are understandable, workable, and acceptable to employees at all levels?
Q64. What is HRD?
Answer: Human Resource Development (HRD) is the framework for helping employees, develop their personal and organizational skills, knowledge, and abilities. Human Resource Development includes such opportunities as employee training, employee career development, performance management and development, coaching, mentoring, succession planning, key employee identification, tuition assistance, and organization development.
Q65. What is HCNs?
Answer: HCNs stands for host country nationals. They are the employee from the local population. for example a worker from any state of India working for foreign company operating from India would be considered as host country national.
Q66. What is the importance of hr in the life of business?
Answer: It is of principle importance to ensure that the business is compliant with laws, regulations and taxes pertaining to employees. And at the same time HR is needed to ensure the compliance of the organization with its policies that assist in avoiding liability arising from employee or former employee suits.
Created for little more than that, some other tasks, such as interviews, have sometimes been added, but it's core purpose remains the same.
Q67. What is the best way to develop pay systems that are understandable, Workable, and acceptable to employees at all levels?
Answer: Almost 70% of employees feel that their firms' incentive plans or pay systems are ineffective. Even the best pay plans fail. Therefore, we should know that why pay plans fail. There are many reasons as follows:
- Performance Pay can't replace good management.
- You get only what you pay for.
- Pay does not work as an effective motivator.
- Sometimes rewards punish.
- Rewards rupture relationships.
- Rewards can have unintended consequences.
- Rewards may undermine responsiveness.
- Rewards undermine intrinsic motivation
- etc. etc.
What then can we do to make an effective pay plan? Some guidelines follow:
- Ask yourself: Are performance levels inadequate due to motivation?
- Link the incentive with your strategy.
- Make sure the program is motivational.
- Make the plan easy for employees to understand.
- Set effective standards.
- View the standard as a contract with employees.
- Get employees' support for the plan.
- Use good measurement systems.
- Use a complete set of standards.
- Make the incentive plan part of a comprehensive, commitment-oriented approach.
You should clarify ahead of time what measures or metrics you intend to improve by instituting your pay system/plan. A statistical analysis may help.
Q68. What is the difference between Training and Development?
Answer: Training is focused on individual tasks, all nuts and bolts ... how to turn a wrench. Also, training has a beginning and an end.
Development is the whole person concept. It includes, not only teaching them how to turn the wrench, but also why we turn the wrench and challenging them to figure out a better way to turn that wrench. It is focused more on cultivating the individual to give them the tools to work upward through greater job and relationship complexities. The job of development has no end.
In the modern organization, staff development energizes an organization's culture by grooming it's future leaders.
Q69. What is "mutual gains negotiation"?
Answer: A mutual gains negotiation, also known as a "win-win" negotiation is when two parties on opposite sides attempt to negotiate a deal in which both parties are satisfied,
and gain something from the deal.
Q70. What is meant by an organisation, explain me differently?
Q71. What is On the Job Training?
Answer: Most organizations use some form of on-the-job training where an experienced employee teaches a new person how to perform job tasks. If this happens at random or with no consistent written materials or processes, it is called unstructured OJT
Q72. Management Guru,Professor Lallus Rail , a book was written by?
Answer: Dr Sunil Jogi
Q73. What is Workers Compensation?
Answer: Workers Compensation provides an array of benefits in the form of cash payments and medical and hospital services. These benefits are provided to workers that sustain job-connected injuries or illnesses and are available to every worker.
Q74. In a room there are 3 bulbs, and in the net room there are 3 switches. One can not see through the rooms, then how can you know that which switch is for which bulb with out taking any one's help?
Q75. Define Motivation?
Answer: Motivation is the activation or energization of goal-oriented behavior.
Q76. What are the key issues that should be addressed in the design, conduct, and evaluation of training programs?
Answer: The following are the key issues to be addressed for a successful training program:
- Place (indoor/outdoor)
- Audio visual aids
- Relevant training materials
- Facilities
- Time schedule
- Non – visual aids
- Trainer
Q77. What is HRM?
Answer: Human Resource Management (HRM) is the function within an organization that focuses on recruitment of, management of, and providing direction for the people who work in the organization. Human Resource Management can also be performed by line managers.
Human Resource Management is the organizational function that deals with issues related to people such as compensation, hiring, performance management, organization development, safety, wellness, benefits, employee motivation, communication, administration, and training.