• Internal Code :
  • Subject Code :
  • University :
  • Subject Name : Management

Tutorial Debate

Serving into the Human Resource management sector as a responsible HR Director at the child-care service organization comes with the challenge of managing activities at the most robust and emergent style. Being one of the most leading organizations in the industry comes with the challenge of performance management and system within (Agarwal, 2018).

One of the major concerns for the organization is the designing of an employee reward system at the firm where an ongoing debate over the utilization of a result-based or competency-based system of rewards has taken a bigfoot. The conventional practices of employee rewards system were based on the result based reward provision system as the traditional business practices focused on the business performance only and not on the management of people within. The surged eras of globalization have been proof of an emerging competent based reward system around the globe.

Although, both the reward systems have still managed their place in the global HR management framework, choosing the reward structure that suits the organizational practice is of utmost importance. The result based pay as a reward system would allow only to reward an employee based on a grade level of the firm for its performance leading to business finance profitability whereas the competency-based reward system assesses for the performance or results-driven by employees in force of its skills and core competencies (Grinberg et al., 2018).

However, a result based reward system does not derive the moral factors in the employees but the competency-based reward may reinforce motivation and hence zeal within employees for hardships (Wright, 2016). A competency-based reward system, in my opinion, is a better tool than a result based rewards as this allows for an employee to openly inhibit and reveal its core skills and use them in the growth factors at both levels viz. personal and organizational.

References for HRM Challenges in The Age of Globalisation

Agarwal, S., & Al Qouyatahi, K. M. S. (2018). HRM Challenges in the age of globalisation. International Research Journal of Business Studies10(2), 89-98.

Grinberg, R. S., Akhunov, R. R., Volodin, A. I., Gubarev, R. V., & Dzyuba, E. I. (2018). Performance-based pay–a new (mixed) payment scheme for Russian civil servants. Ekonomicheskie i Sotsialnye Peremeny, (60), 163-183A.

Wright, A. (2016). Competency-based pay. In Encyclopedia of Human Resource Management. Edward Elgar Publishing Limited.

Remember, at the center of any academic work, lies clarity and evidence. Should you need further assistance, do look up to our Management Assignment Help

Get It Done! Today

Applicable Time Zone is AEST [Sydney, NSW] (GMT+11)
Not Specific >5000
  • 1,212,718Orders

  • 4.9/5Rating

  • 5,063Experts

Highlights

  • 21 Step Quality Check
  • 2000+ Ph.D Experts
  • Live Expert Sessions
  • Dedicated App
  • Earn while you Learn with us
  • Confidentiality Agreement
  • Money Back Guarantee
  • Customer Feedback

Just Pay for your Assignment

  • Turnitin Report

    $10.00
  • Proofreading and Editing

    $9.00Per Page
  • Consultation with Expert

    $35.00Per Hour
  • Live Session 1-on-1

    $40.00Per 30 min.
  • Quality Check

    $25.00
  • Total

    Free
  • Let's Start

Get
500 Words Free
on your assignment today

Browse across 1 Million Assignment Samples for Free

Explore MASS
Order Now

Request Callback

My Assignment Services- Whatsapp Tap to ChatGet instant assignment help

Hire Certified Experts
Ask your Question
Need Assistance on your
existing assignment order?

We care

MyAssignmentServices uses cookies to deliver the best experience possible.
My Assignment Services acknowledges the academic integrity guidelines prescribed as per Australian Universities to ensure that the services, sample material, and study resources available on our website, in no way are utilised to commit academic misconduct of any type. All users of our services must adhere to and affirm acceptance of all conditions elucidated in our policy document on academic integrity.

Please accept and affirm the following to be able to continue exploring our website and services: I agree to NOT use any educational material, study resources, assignment samples, online mentoring services, available on the web domain www.myassignmentservices.com and all its subdomains to commit any academic misconduct. I have read and been made fully aware of the academic integrity policy of My Assignment Services and by clicking on the button below, I am in principle, wilfully and legally bound to adhere to guidelines of the academic integrity policy in whole and in part.
View Cookies policy | How we ensure Academic Integrity?