Organizational Development Assignment Example | Topics and Well Written Essays - 1500 words

Organizational Development - Assignment Example During recent years, the field of human resource management has seen a transformation as a result of changing workplace trends. A common concern for human resource managers has been to manage compensation and rewards in such as a way that employees feel motivated. At the same time, human resource managers are concerned with talent retention and this requires designing effective compensation plans that not only motivate employees and drive performance, but also retain high performing employees. However, many of the problems resulting from compensation plans differ from organization to organization. The dynamics of each organization shape the type of compensation plans that are going to work best given their situation. For example, organizations focusing on sales may pay their employees in terms of commissions and piece rate. On the other hand, high tech companies like software firms may pay their employees in terms of employee stock units. This is what Google and Facebook are doing with their employees. In order to counter challenges relating to pay, human resource managers develop appropriate pay plans that are suitable to employees (Dessler, 2011). That is to say, such plans that motivate employees and get the most output from them. Additionally, human resource managers have to carry out employee appraisals. Currently all organizations have some sort of performance evaluation in place (Lichtman, 2007). To do so, human resource managers have to design and plan out performance evaluation system which consist of measurable metrics that reflect an employee’s performance. The metrics criteria are based on key performance indicators as known as KPIs and different performance (Lichtman, 2007). Measuring the performance of a company’s employees provides managers with all the necessary information needed to make an informed decision. It helps managers decide which employees are going to receive appraisals and which employees will not. In certain

GDP Essay Example | Topics and Well Written Essays - 500 words - 1

GDP - Essay Example According to the US Bureau of Economic Analysis that is tasked with the duty of breaking down the worth earned by the goods and services, the rise in real GDP can partly be attributed to the fact that Federal Government spending reduced. The decline in the residential fixed investment together with reduction in spending in both the state and the local governments is another reason the positive trend in real GDP was registered. According to input from the US Bureau of Economic Analysis, the third quarter experienced the most significant growth, translating to a whopping 4.1%. On the other hand, the fourth quarter seemed to have experienced the least form of growth, which translated to 2.4% (Mataloni). With my prediction for real GDP this year being 3.1%, I presume true the idea that the future is uncertain for US economy at large. I say so because this year is likely to witness increased output, which translates to rise in both imports and exports. When the output is increased, business shall no doubt spur, and this shall prompt most of the employers to bring on board additional employees. The hiring of more employees will mean that the rate of unemployment shall decline. In like manner, the participation of labor too is likely to increase following increased output. Another reason real GDP is likely to increase this year is the fact that the personal consumption expenditure is also likely to increase precisely by two cents, and this shall translate to reduced inflation. The unexpected move by the Federal Reserve Bank to keep the short-term interests is also likely to prove beneficial in the end as it will contribute to positive trends in real GDP. In the course of this year, I also expect the Federal Government to cut costs thereby lowering its spending further (Avakov 43). Just as they did last year, the state and local governments alike are also expected to cut their costs hence lowering their budgets further. Just