FUNDAMENTALS OF HUMAN RESOURCE MANAGEMENT

1) 150 words What is the purpose of performance management systems within an organization? What are some ethical concerns of performance management systems? How can a human resource management (HRM) department ensure a performance management system is ethical?

2) 150 words Ch. 11 of Fundamentals of Human Resource Management discusses three classifications of rewards. They are intrinsic versus extrinsic rewards, financial versus nonfinancial rewards, and performance-based versus membership based rewards. What are the strengths and weaknesses associated with each type of reward? Which type of reward is most successful in the business environment and why?

3) 150 words Which employee benefit do you personally value the most? In my organization Pfizer Pharmaceuticals, I personally value the rewards card. This is because when employees go above and beyond a monetary award is given. The monetary award is placed on a reward card and you are able to shop and use the card at participating stores. Why is it important for organizations to offer benefits to their employees? How do benefits positively or negatively affect an organization?