Trends and Challenges

For more businesses, the single highest expenditure does non reside on the balance sheet but on the income statement. An presidential terms success relies on its homophile capital. The business world of tomorrow will not be the same as it is today. Organizations must look to its human preferences to gain the competitive edge. An organizations distinct competitive advantage lies in its people.

Employee satisfaction is critical for organizations that rely on their employees to achieve its goals. Comp unitarynts including instruction execution management, appraisals, workplace turnover, worker safety and health will be addressed in this paper. Future challenges and trends in human resource management will be discussed briefly.

Performance Management

According to management and organization outgrowth consultant, Susan Heathfield, ... procedure management is the demonstrate of creating a work environment or setting in which people are enabled to perform to the shell of their abilities... (Heathfield, 2005). Performance management begins when a job is defined and ends when an employee leaves an organization. Heathfield opines that many writers and consultants are using the term cognitive process management as a substitution for the traditional appraisal system. The goal of performance is to achieve the company mission and vision. Almost no one performs, for the organization, however, if his or her own mission and vision are not accomplished as well (Heathfield, 2005).



By harmonizing employees personal objectives with those of the organization, a win-win situation is created.

An effective performance management system is the process through which managers ensure employees activities and outputs contribute to the organizations goals. (Noe, Hollenbeck, Gerhart, & Wright, 2004). A performance management system sets new employees up to succeed and helps the organization achieve its goals. Performance management provides enough guidance so employees understand clearly what is expected of them, but provides enough flexibility so that individual creative talent and strengths...

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